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Federal budget expectations

Oct 6, 2020
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Q. The Federal Budget will be announced on Tuesday 6th October.

In general, do you expect the Federal Budget will be good or bad for the following?

  Oct’20 Mar’19
  NET: Very Good / Good Neither good, nor bad NET: Very bad / Bad Don’t know NET: Very Good / Good Neither good, nor bad NET: Very bad / Bad Don’t know
Big business 53% 26% 12% 9% – – – –
People who are well off 51% 30% 10% 8% 58% 23% 9% 10%
Small business 44% 26% 23% 7% – – – –
The economy overall 34% 27% 32% 7% 35% 33% 24% 9%
Australian families 33% 31% 29% 7% 27% 32% 33% 9%
Older Australians 31% 28% 34% 7% 25% 28% 38% 9%
Average working people 30% 29% 34% 6% 31% 30% 30% 9%
People on lower incomes 30% 23% 40% 6% 26% 32% 31% 10%
Younger Australians 29% 31% 33% 8% 24% 25% 42% 10%
You personally 25% 36% 31% 8% 19% 37% 34% 9%
  • Budget expectations are in line with March 2019, showing people are not expecting drastically different announcements this week.
  • Over half of people think big business (53%), and those who are well-off (51%) to benefit from the budget, while the losers are expected to be those on a lower income (40% expect these to have a bad/very bad budget), older Australians (34%) and younger Australians (33%).
  • More people expect the budget announcement to be bad for them than good. A quarter of people think the budget will benefit them personally (25% think the budget will be good/very good), which is less than those expecting it to be bad/very bad for them (31%).

By voting preference

NET:

Very good / Good

 Total Vote Labor Vote Liberal / National Vote Greens NET: Vote Other
Big business 53% 62% 47% 68% 58%
People who are well off 51% 62% 41% 67% 56%
Small business 44% 41% 55% 36% 33%
The economy overall 34% 31% 43% 31% 26%
Australian families 33% 30% 43% 28% 23%
Older Australians 31% 27% 39% 34% 23%
Average working people 30% 25% 43% 19% 23%
People on lower incomes 30% 27% 40% 24% 17%
Younger Australians 29% 25% 37% 24% 27%
You personally 25% 22% 32% 27% 18%
  • Labor and Greens voters are more likely than Coalition voters to expect a favourable budget for Big businesses (62% and 68% of Labor and Greens voters respectively, to 47% of Coalition) and for those well-off (62% and 67% to 41%.
  • For all other groups, Coalition voters are more likely to expect a good budget than Labor or Greens.
  • 32% of Coalition voters think they will have a good budget. This was higher than Labor (22%), Greens (27%) or those voting for another independent/minor party (18%).
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