The annual pre-budget survey of our client base by KPMG Enterprise this year takes place just six months after the previous Budget, held last October. Yet even in this shorter timeframe, the picture has changed significantly.
Our survey of 100 leaders in Australian businesses – ranging from listed companies just outside the ASX200, to private companies, family businesses, and some public sector organisations – shows that the mid-tier sector, the backbone of the national economy, is feeling upbeat and a lot less fearful about the ending of JobKeeper than it was in our previous survey, just ahead of the October 2020 Budget.
1. Impact of COVID-19
2. Response to Government stimulus
3. Taxation System
4. Family Businesses
5. Incentives and Innovation
KPMG Customer Intelligence conducted a pulse check on behalf of KPMG Enterprise targeted at clients running mid-market firms in order to gauge sentiment regarding salient issues before the 2021/22 Federal Budget is announced. Australia’s mid-market is often referred to as the ‘engine room of the nation’s economy’, employing nearly a quarter of all Australians and responsible for almost 40 percent of Australia’s business revenue.
The survey was completed by 100 mid-market business directors and decision makers. Most respondents were from private companies, however there were also some from publicly listed companies, family businesses and NFP’s. Respondents also came from a range of industry sectors; however the majority were from manufacturing, banking and financial services, retail or health and human services. Results are a valuable indicator of Enterprise clients’ opinions concerning the current business and budget environment.