Federal Budget
Q. In general, do you think the Federal Budget, announced on Tuesday 13th May 2014 was good or bad for?
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Total Good |
Total Bad |
Very good |
Good |
Neither good nor bad |
Bad |
Very bad |
Don’t know |
| You personally |
13% |
52% |
3% |
10% |
31% |
29% |
23% |
4% |
| Average working people |
14% |
59% |
2% |
12% |
24% |
34% |
25% |
3% |
| Australian business |
36% |
23% |
7% |
29% |
32% |
14% |
9% |
8% |
| The economy over all |
40% |
32% |
11% |
29% |
23% |
18% |
14% |
6% |
| People who are well off |
45% |
16% |
16% |
29% |
33% |
11% |
5% |
6% |
| People on lower incomes |
11% |
66% |
3% |
8% |
18% |
27% |
39% |
4% |
| Australian families |
11% |
62% |
3% |
8% |
24% |
32% |
30% |
4% |
| Older Australians |
10% |
66% |
2% |
8% |
19% |
28% |
38% |
4% |
| Younger Australians |
16% |
55% |
5% |
11% |
25% |
22% |
33% |
5% |
More Australians thought that the budget would be bad for each of the group than thought it would be good.
The only exceptions were ‘people who are well off’ (45% good, 16% bad) and ‘Australian business’ (36% thought the budget would be good, 23% bad).
The areas with the highest ‘bad’ rating were ‘older Australians’ (66%), ‘people on lower incomes’ (66%), ‘Australian families’ (62%) and ‘average working people’ (59%).
Download the Essential Report for a voting intention breakdown of this question.
Reasons Economy is Poor
Q. What is the main reason you don’t think the state of the economy is good? *
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Total |
Vote Labor |
Vote Lib/Nat |
Vote Greens |
|
| Increasing cost of living |
34% |
34% |
32% |
40% |
| Poor economic management by Government |
27% |
8% |
36% |
7% |
| Businesses are struggling |
13% |
14% |
12% |
19% |
| Increasing gap between rich and poor |
9% |
22% |
6% |
15% |
| Global financial problems |
7% |
11% |
5% |
11% |
| Incomes aren’t increasing fast enough to keep up |
7% |
11% |
7% |
– |
| Other reason |
2% |
– |
1% |
8% |
| Don’t know |
1% |
– |
1% |
– |
* Based on those who disagree that economy is good.
Those who disagreed that the economy was good said the main reasons were the increasing cost of living (34%) and poor economic management by Government (27%).
36% of respondents aged 55+ blamed poor economic management by Government while the increasing cost of living was the major factor for 43% of respondents aged 25-44.
There were no significant differences across income groups in relation to the increasing cost of living.
COVID-19 RESEARCH
Read Essential's ongoing research on the public response to Covid-19.
Download this week's ReportEssential Report
Two Party Preferred:
In this week's report:
- Performance of Scott Morrison
- Performance of Anthony Albanese
- Preferred Prime Minister
- Federal Budget expectations
- Most important areas for increased funding
- Economy: Direct investment vs trickle-down approach
- Priority for the upcoming budget
- Indicators of whether the Australian economy is in a good or poor state
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