The Government must prioritise a budget that drives growth for local businesses, the president of the Chamber of Commerce said.

Marico Thomas was commenting after the Premier delivered a pre-Budget report in the House of Assembly last week.

David Burt proposed a slew of tax breaks, including on energy; the elimination of customs duty on building supplies; lowering private car licensing fees; and slashing land tax rates.

He said an expected $187.5 million injection from the soon-to-be-introduced corporate income tax would also enable the Government to increase expenditure by more than $100 million.

Of the $100 million rise in expenditure, $50 million will be spent on the launch of a universal healthcare system, $30 million will pay for salary increases in the Civil Service, and spending on capital projects will get a $26 million boost.

Asked for the his reaction to the proposals, Mr Thomas said: “The Chamber of Commerce is pleased that no new taxes on businesses are planned and welcomes several of the outlined proposals, particularly those that reflect the chamber’s initial feedback.

“We look forward to continued engagement as the final budget is developed.”

He added: “We acknowledge the importance of addressing both the cost of living and the cost of doing business.

“To this end, we strongly encourage the Government to prioritise a budget that drives growth for local businesses.”

The Budget will be delivered in February and it is widely expected that there will be a General Election in 2025, although it could be held early in 2026.

Mr Thomas said: “While we understand the pressures of an election-year budget, short-term measures such as individual tax breaks may not deliver meaningful, long-term benefits.

“Instead, we urge a focus on comprehensive tax reform to promote sustainable economic growth.”