Interest in Federal Budget

May 16, 2011

Q. Thinking about the Federal Budget – how much attention did you pay to the Federal Budget?

2009 2010 2011
Total a lot/some 66% 53% 52%
Total a little/none 31% 44% 45%
A lot 29% 18% 19%
Some 37% 35% 33%
A little 25% 29% 31%
None 6% 15% 14%
Can’t say 3% 3% 2%

Just over half (52%) of respondents said they paid a lot or some attention to the Federal Budget. This is much the same as the corresponding figure of 53% for last year’s budget.

Those most interested were Liberal/National voters (64%) and people aged 55+ (63%). Only 42% of respondents aged 18-34 paid a lot or some attention to the budget.

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Perceived Impact of Budget

May 16, 2011

Q. Do you think the Federal Budget was good or bad for you personally?

Q. Do you think the Federal Budget was good or bad for Australian businesses?

Q. Do you think the Federal Budget was good or bad for the Australian economy overall?

You personally Businesses The economy overall
2010 2011 2010 2011 2010 2011
Total good 22% 11% 27% 20% 36% 27%
Total bad 26% 29% 32% 25% 28% 29%
Very good 3% 2% 3% 3% 6% 4%
Good 19% 9% 24% 17% 30% 23%
Neither good nor bad 33% 44% 9% 31% 10% 25%
Bad 18% 21% 22% 19% 18% 21%
Very bad 8% 8% 10% 6% 10% 8%
Don’t know 20% 16% 31% 23% 26% 20%

Overall there was a less positive response to the 2011 budget than to the 2010 budget. The main differences were that respondents were less likely to rate the budget good and more likely to think it was neither good nor bad. The proportions who thought it was bad were similar to last year.

44% of respondents thought the Federal budget was nether good nor bad for them personally – 11% said it was good and 29% bad. The only substantial differences by demographics were that 51% of respondents aged 55+ thought it was nether good nor bad.

25% thought the budget was bad for business, 20% good and 31% said it was neither. 35% of Labor voters said it was good for business and 45% of Liberal/National voters said it was bad.

Respondents were split over whether it was good or bad for the economy overall – 27% said it was good and 29% bad. Labor voters split 50% good/9% bad compared to Liberal/National voters at 12% good/51% bad.

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Economy Heading in the Right/Wrong Direction

May 16, 2011

Q. Overall, from what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

Post budget 2010 Pre budget 2011 Post budget 2011 Vote Labor Vote Liberal/ National Vote Greens
The right direction 51% 45% 46% 74% 30% 46%
The wrong direction 25% 29% 29% 9% 49% 24%
Don’t know 24% 25% 25% 17% 21% 30%

Nearly half (46%) the respondents think that Australia’s economy is heading in the right direction – 29% think it is heading in the wrong direction.

This was a little less positive than the post 2010 budget poll, but unchanged from the poll taken before the 2011 budget – which suggests that the budget has had no impact on overall perceptions of the economy.

74% of Labor voters, 30% of Liberal/National voters and 46% of Greens voters think the economy is heading in the right direction.

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Party Best at Handling Economy

May 16, 2011

Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?

Post budget 2010 Post budget 2011 Vote Labor Vote Liberal/ National Vote Greens
Labor Party 33% 30% 75% 3% 36%
Liberal Party 36% 40% 4% 84% 11%
No difference 20% 22% 17% 10% 46%
Don’t know 11% 9% 4% 3% 7%

30% think Labor the party best to handle the economy (in the interests of you and people like you) and 40% nominated the Liberal Party. This represents a shift of 7% in favour of the Liberal Party since the 2010 budget.

75% of Labor voters nominated Labor and 84% of Coalition voters nominated the Liberal Party. 46% of Greens voters said there was no difference – 36% said Labor and 11% Liberal.

Those with incomes under $600 pw favour Labor 32% to 30% while those on $1,600+ pw favour the Liberals 49% to 29%.

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The Economy – Heading in the Right/Wrong Direction

May 9, 2011

Q. Overall, from what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

17 May 10

(Post 2010 budget)

Total Vote Labor Vote Liberal/ National Vote Greens
The right direction 51% 45% 75% 27% 51%
The wrong direction 25% 29% 7% 51% 17%
Don’t know 24% 25% 17% 22% 33%

45% of respondents think that Australia’s economy is heading in the right direction – 29% think it is heading in the wrong direction. Since this question was asked just after the 2010 budget, “right direction” has dropped 6% and “wrong direction” increased 4%.

75% of Labor voters, 27% of Liberal/National voters and 51% of Greens voters think the economy is heading in the right direction.

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State of the Economy

Apr 4, 2011

Q. Compared to other developed countries (e.g. USA, UK, Japan, European nations) how would you rate the current state of the Australian economy?

Total Vote Labor Vote Lib/Nat Vote Greens
Total good 69% 82% 66% 75%
Total poor 7% 2% 9% 1%
Very good 24% 37% 15% 38%
Good 45% 45% 51% 37%
Average 21% 14% 24% 21%
Poor 4% 2% 5% 1%
Very poor 3% 4%
Don’t know 3% 2% 1% 2%

69% believe that, compared to other developed countries, the current state of the Australian economy is good and 7% think it is poor. 82% of Labor voters think it is good compared to 75% of Greens voters and 66% of Liberal/National voters.

Those on higher incomes are more likely to think it is good – 75% of those on $1,600+ per week compared to 66% of those under $600 per week.

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2011 Outlook – Economy and Family

Dec 20, 2010

Q. Thinking about the next 12 months, do you think 2011 will be a good or bad year for each of the following?

Total good Total poor Very good Good Neither good nor bad Bad Very bad Don’t know/Not applicable
The Australian economy 48% 16% 5% 43% 32% 14% 2% 5%
Your personal financial situation 39% 20% 7% 32% 38% 14% 6% 3%
Your workplace * 47% 16% 8% 39% 33% 13% 3% 4%
You and your family overall 51% 14% 10% 41% 30% 11% 3% 4%

* based on working people

Overall, respondents were optimistic that 2011 would be a good year for themselves overall (51%), the Australian economy (48%) and their workplace (47%). They tended to be a little less optimistic about their financial situation (39% good/20% bad).

When compared with last week’s questions on perceptions of 2010, these figures suggest that respondents expect 2011 to be better than 2010.

In particular, more respondents believed it would be a good year for their personal situation (28% 2010/39% 2011), the Australian economy (41%/48%) and themselves and their families overall (43%/51%).

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Interest Rate Rises and the Economy

Nov 9, 2009

Q. Do you think the recent increase in official interest rates indicates that Australia’s economy is getting better or getting worse?

%
Economy is getting better 53%
Economy is getting worse 12%
Neither 28%
Don’t know 7%

Just over half (53%) think the recent increase in official interest rates indicates that Australia’s economy is getting better, 12% think it is an indication that the economy is getting worse and 28% think it is not a sign that the economy is getting better or worse.

Labor voters were more likely to think the interest rate rise is a sign that the economy is getting better (61%), while Coalition voters were a little more likely than the average to think that it is a sign that the economy is getting worse (18%).  48% of Coalition voters think that the recent interest rate increase is a sign that the economy is getting better.

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