5 May 2016
Australian beverages industry responds to the Federal Budget 2016
Following this week’s Budget announcement by Treasurer Scott Morrison, the Beverages Council has praised the Turnbull Government for delivering a budget that supports small and medium businesses in Australia as being at the nation’s heart of future prosperity.
“This week’s budget, which focuses on the future while providing real help right now for more small and medium enterprises as the engine room of the economy, is also an election Budget. It demonstrates that good policy can also be good politics” said the Beverages Council’s CEO Geoff Parker.
“These benefits will flow on to the hundreds of small and medium businesses in the non-alcoholic beverage manufacturing sector who employ the majority of the 46,000 Australians who derive a living from the industry.
“A recent analysis of the industry’s jobs distribution showed that New South Wales was the manufacturing hub for the nation, with 3,248 people employed directly, and a further 9,029 employed indirectly in the supply chain distribution and a further 5,026 employed in the retailing sector. Victoria was a close second with 1,546 people directly employed and 8,338 people indirectly employed. Queensland was close behind Victoria with 1,454 and 7,771 people employed respectively.
“This shows how vital a dynamic and viable industry is for not only the nation’s economy, but also to the economy of thousands of Australian households. The Budget announcements for small business will, we hope, help local brands employ local people to help stimulate the economy.
“The beverage industry is a proud supporter of the Australian economy and looks forward to further productivity measures to be released in the lead up to the election” Mr Parker concluded.
Geoff Parker, CEO, Australian Beverages Council
+61 (0)407 646 195