The Business Council of Australia has released its submission to the federal government’s 2013–14 Budget.

The submission argues that the government’s execution of its fiscal strategy is not working and needs a major rethink, and calls on the government to set out a sensible and credible pathway back to surplus, along with a refreshed fiscal strategy.

The submission draws on a report prepared for the Business Council of Australia by Deloitte Access Economics titled ‘Risks around Australia’s Fiscal Position’ and a report by ACIL Tasman titled ‘Reforming Federal Finances’.