Tag: Federal Budget

Australia’s 2026–27 Federal Budget has drawn a measured response from tax and advisory specialists, with commentary suggesting the package offers stability and targeted support for parts of the manufacturing sector, but falls short of delivering a broad-based uplift in business confidence across industrial and production-focused industries.

Manufacturing is emerging as one of the fastest-growing SME sectors in Australia, with new research from MYOB indicating the sector’s manufacturing performance is outpacing most other small and medium-sized business segments and could gain further momentum following the Federal Budget.

The Australian Food and Grocery Council has welcomed measures in the Federal Budget aimed at supporting productivity, business investment and workforce capability, while warning that escalating instability in the Middle East could still place upward pressure on costs across manufacturing supply chains and for consumers.

Australia’s manufacturing sector is set to receive targeted support under the Federal Government’s $14.8 billion fuel resilience package, with Treasurer Jim Chalmers outlining measures aimed at strengthening supply chains, securing fuel supplies and supporting domestic production amid ongoing global oil disruptions.

The Australian Made Campaign Ltd (AMCL) has welcomed the federal government’s Buy Australian Plan, which is outlined in the 2025 Federal Budget and aims to boost support for local manufacturers and producers.

The Australian Government has launched the $523.2 million Battery Breakthrough Initiative as part of its 2024-2025 Federal Budget, aimed at advancing battery manufacturing capabilities in the country. 

The Australian Renewable Energy Agency (ARENA) has received record funding of $7.1 billion and unveiled new budget programs in the 2024-25 Federal Budget.

Immediate and sustained investment in Australian science and innovation is deemed essential by the Australian Academy of Technological Sciences and Engineering (ATSE), as highlighted in their response to the Federal Budget.

Engineers Australia CEO Romilly Madew has responded to the 2024 Federal Budget with cautious optimism, viewing it as a potential roadmap for a more intelligent and environmentally friendly Australia.

RSM Australia's National Leader for Manufacturing Services, Jessica Olivier, has provided commentary on the recent budget, noting a significant focus on critical minerals, clean energy, and green technologies over the broader manufacturing sector.