The COVID-19 Fiscal and Economic Review provides an update on Queensland’s economic and fiscal estimates over 2019-20 and 2020-21 that incorporate the impacts of the COVID-19 pandemic to date.

Highlights:

• A critical element of the Government’s ongoing focus on supporting business growth will be backing small business, who represent over 97% of businesses across the state and employ 42% of all private sector workers.
• Many thousands of small businesses, particularly in tourism-related and other key services sectors, have been among the hardest hit by COVID-19. Actions to support small business participation in procurement and increase their skills and capability will be critical to help small businesses navigate the crisis, recover, adapt and grow.
• The government’s ongoing efforts to deliver better regulation and reduce the regulatory burden and costs for business will be important to support all businesses, including small business.