What Business, Welfare Groups Want in the Budget, and What an Economist Thinks They’ll Get

Australia Treasurer Jim Chalmers attends a press conference in parliament house in Canberra, Australia, on July 8, 2025. David Gray/AFP via Getty ImagesWhile Treasurer Jim Chalmers is busy writing this year’s budget ahead of its delivery on May 12, there’s no shortage of advice from various lobby groups about what he should do.The Business Council of Australia, representing 30 groups peak bodies covering small, medium, and large businesses and universities, has called for a review of existing regulations with a view to slashing red tape, plus an overhaul of planning rules and new strategies to boost research and development.