Home topics news Peter Langham, CEO of Scottish Pacific Economy Expert News Economy SMEs’ wish list for federal budget revealed Loren Webb April 2, 2019 With the federal budget announcement later today and an election on the horizon, a national survey reveals clear expectations of what the government should prioritise for the small to medium business sector. SME Growth Index research released yesterday shows the priorities of SMEs in regards to what the new Federal Parliament should focus on – and c ompany tax cuts was the top response. Source: Scottish Pacific SME Growth Index March 2019 SME Growth Index research is conducted independently by banking analysts East & Partners, on behalf of national working capital funder Scottish Pacific. The owners, CEOs or senior financial staff of 1257 SMEs across all states and key industries, with annual revenues of $A1-20 million. Source: Scottish Pacific SME Growth Index March 2019 Scottish Pacific CEO Peter Langham said company tax cuts topped the wish list for what SMEs’ want to see from the budget; it has been nominated by 27% of business owners as the initiative that should have top priority. The Federal Government’s moves last month to further expand the instant asset write-off should please respondents, as almost 24% said this should be their focus. One in five SMEs want the newly elected government to prioritise cutting red tape by reducing their administrative and regulatory burden. Mr Langham said SMEs were far more concerned about government action on things they see affecting