Business warns of 'excessive' spending

ACCI chief Andrew McKellar says the government should cut spending and ease tax on business. (Mick Tsikas/AAP PHOTOS) (AAP)

Slashing spending is the business community's preferred pathway to budget repair as federal government debt tracks towards $1 trillion.

The Australian Chamber of Commerce and Industry has singled out "excessive government spending" as the root cause of Australia's spiralling debt problem.