"While recognising the critical importance of forging a clear path to budgetary sustainability over the medium-term, the Australian Industry Group's Budget Submission released today cautions against excessive spending cuts or aggregate tax increases in 2016-17. While business conditions have improved somewhat over the past six or so months, they remain disproportionately exposed to downside risks including the risk of a loss of domestic confidence and demand if fiscal policy is tightened excessively. Indeed, given the still-sluggish state of business investment, there is a strong case for targeted tax measures to boost business investment," Ai Group Chief Executive, Innes Willox, said today.