10 April 2012, 100412, budget, Budget Deficit, Budget Surplus, deficit, economic management, GFC, Polling, polls, return to surplus, surplus, tax, tax revenues, taxes
Q. The Federal Government is currently running a budget deficit, but intends to return to surplus with the budget for 2012-13 to be announced next month. Which of the following do you think has been most responsible for the deficit over the last few years?
|
Total 11/4/11 |
Total 10/4/12 |
Vote Labor |
Vote Lib/Nat |
Vote Greens |
|
| Poor economic management by the Government |
23% |
28% |
7% |
48% |
7% |
| Big companies not paying their fair share of taxes |
17% |
16% |
28% |
5% |
28% |
| Lower tax revenues because of the Global Financial Crisis |
13% |
16% |
27% |
10% |
22% |
| Spending on big projects like the National Broadband Network |
14% |
15% |
14% |
17% |
10% |
| The cost of the Government’s GFC stimulus packages |
19% |
12% |
11% |
13% |
15% |
| Don’t know |
15% |
14% |
13% |
8% |
18% |
Overall, respondents believe the main reasons for the budget deficit are poor economic management by the Government (28%), big companies not paying their fair share of taxes (16%) and lower tax revenues because of the Global Financial Crisis (16%).
Since this question was asked 12 months ago, those blaming the Government for poor economic management has increased from 23% to 28% and those blaming the cost of the Government’s GFC stimulus packages has declined from 19% to 12%.
Labor voters were most likely to blame big companies not paying their fair share of taxes (28%) and lower tax revenues because of the GFC (27%) while Liberal/National voters blame poor economic management by the Government (48%). Greens voters tended to blame big companies not paying their fair share of taxes (28%).