Mid-tier businesses confident, KPMG Enterprise pre-Budget survey finds

KPMG
Australia’s mid-market businesses are upbeat, and markedly less worried about the ending of the JobKeeper program than they were six months ago, KPMG Enterprise’s annual pre-Budget survey finds.
The survey of 100 mid-tier business leaders and directors found two-thirds (68 percent) had either used government support mechanisms through COVID and were ’emerging with confidence’, or said that new opportunities had emerged as a direct result of the past year’s experience. Less than half said that COVID or other factors had negatively impacted the business.
Only one-third expected the recent ending of the JobKeeper scheme to lead to a significant decline in economic activity and higher unemployment. This compared to two-thirds in the equivalent KPMG Enterprise survey just ahead of the October Budget last year. Almost one-half had used JobKeeper and one-third the instant asset write-off scheme.

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