Measures to Return to Surplus

Apr 10, 2012

Q. In order to meet their commitment to return to surplus in 2012-13, which measures should the Government take?

Total

11/4/11

Total 10/4/12

Vote Labor

Vote Lib/Nat

Vote Greens

Increase taxes for big corporations

63%

67%

81%

55%

80%

Reduce tax breaks for high income earners

51%

57%

65%

52%

71%

Postpone major infrastructure projects like the NBN

na

41%

29%

58%

19%

Reduce defence spending

32%

38%

42%

30%

64%

Cut “middle class welfare” such as the Baby Bonus, first home buyers grant and Family Tax Benefit payments

36%

36%

37%

38%

36%

Cut spending on unemployment and disability benefits

21%

23%

18%

32%

12%

It does not need to return to surplus so quickly

38%

63%

67%

66%

58%

Overall, the most favoured means of returning the budget to surplus were increasing taxes for big corporations (67%) and reducing tax breaks for high-income earners (57%). Both these measures were strongly favoured by Labor and Greens voters.

Although support was less strong, these two measures were also two of the three the most preferred among Liberal/National voters – 58% think the Government should postpone major infrastructure projects like the NBN.

The main changes since this question was asked 12 months ago are increases in support for reducing tax breaks for high-income earners (up 6%) and reducing defence spending (up 6%).

Note, although 63% thought that the budget does not need to return to surplus so quickly, some of these respondents also agreed with some of the measures listed.

Comments »

The Economy – Heading in the Right/Wrong Direction

Mar 26, 2012

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)

9 May 11

(Post 2011 budget)

4 Jul 11

26 Mar 12

Vote Labor

Vote Liberal/ National

Vote Greens

The right direction

51%

45%

37%

36%

65%

19%

47%

The wrong direction

25%

29%

43%

41%

15%

64%

23%

Don’t know

24%

25%

20%

22%

21%

17%

30%

36% of respondents think that Australia’s economy is heading in the right direction – 41% think it is heading in the wrong direction. Opinions have changed little since this question was asked in July last year – “right direction” has dropped 1% and “wrong direction” dropped 2%.

65% of Labor voters, 19% of Liberal/National voters and 47% of Greens voters think the economy is heading in the right direction.

Comments »

Party Best at Handling Economy

Mar 26, 2012

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

 

4 Jul 11

26 Mar 12

Vote Labor

Vote Lib/Nat

Vote Greens

The Labor Party

26%

29%

76%

1%

39%

The Liberal Party

43%

41%

2%

89%

7%

No difference

23%

20%

14%

7%

45%

Don’t know

8%

10%

7%

4%

9%

 

41% (down 2% since July last year) think the Liberal Party would be best at handling the Australian economy in their interests and 29% (up 3%) nominated the Labor Party. 20% think there is no difference.

There were significant differences by income – those earning under $600pw split 38% Labor/30% Liberal while those earning over $1,600pw favoured the Liberal Party 49% to 23% Labor.

Comments »

The Economy

Mar 26, 2012

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?  

 

 

1 Dec

08

15 Jun 09

5 Oct

09

28 Jun

10

18 Oct

10

4 April

11

4 Jul

11

3 Oct

11

26 Mar 12

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

42%

17%

26%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

29%

60%

37%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

5%

2%

1%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

37%

15%

25%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

25%

36%

34%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

4%

24%

3%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

24%

19%

26%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

4%

4%

12%

Confidence in the economic outlook has strengthened with the percentage of respondents believing conditions to be getting better increasing 9 points to 25%, from 16% in October last year.  Those believing that economic conditions will get worse over the next 12 months has fallen 12 points from 58% to 46%.

Labor voters are optimistic overall – 42% better/29% worse.  Coalition voters are the most pessimistic, with 60% believing that thing will get worse over the next 12 months and only 17% better.

There was little difference across income groups.

Comments »

Personal financial situation

Mar 26, 2012

Q, Over the next 12 months do you think your personal financial situation will get better, get worse or stay much the same? 

 

28 Jun

10

18 Oct

10

4 April

11

4 Jul

11

3 Oct

11

26 Mar 12

Vote

Labor

Vote

Lib/Nat

Vote

Greens

Total better

29%

33%

32%

28%

24%

28%

34%

25%

36%

Total worse

31%

29%

31%

36%

41%

37%

29%

42%

34%

Get a lot better

5%

6%

7%

5%

4%

5%

5%

4%

14%

Get a little better

24%

27%

25%

23%

20%

23%

29%

21%

22%

Get a little worse

21%

21%

22%

23%

27%

27%

22%

30%

27%

Get a lot worse

10%

8%

9%

13%

14%

10%

7%

12%

7%

Stay much the same

37%

32%

32%

32%

32%

29%

32%

31%

25%

No opinion

4%

5%

5%

3%

3%

5%

5%

2%

5%

28% (up 4% since October last year) of respondents believe that their personal financial situation will get better in the next 12 months and 37% worse (down 4%). 29% (down 3%) expect it to stay much the same. However, these results are very similar to those of July 2011.

Greens voters (36% better) and Labor voters (34%) are the most likely to believe that their personal financial situation will get better over the next 12 months, whereas Coalition voters are the most likely to believe that theirs will get worse (42%).

People on lower incomes were more pessimistic about their personal financial outlook – those earning under $600 per week split 22% better/49% worse – compared to those earning more than $1,600pw who split 36%better/30% worse.

Comments »

Impact of Dollar on Industry

Mar 26, 2012

Q. The Australian dollar is now at $1.05 US and has been historically higher than the normal range of 60c-80c US. Is the high Australian dollar good or bad for the following industries?

 

Total good

Total bad

Very good

Good

Neither good nor bad

Bad

Very bad

Don’t know

Mining industry

29%

29%

10%

19%

20%

24%

5%

22%

Farming & Grazing Industry

16%

49%

4%

12%

16%

36%

13%

19%

Finance Industry

38%

15%

9%

29%

25%

12%

3%

21%

Construction Industry

24%

26%

4%

20%

28%

22%

4%

23%

Manufacturing industry

15%

50%

3%

12%

14%

29%

21%

20%

Retail Industry

23%

47%

6%

17%

14%

30%

17%

16%

Australian Tourism Industry

20%

56%

8%

12%

10%

31%

25%

14%

Overall, respondents think that the high Australian dollar has only been good for the finance industry (38% good/15% bad).

They believe that it has been particularly bad for the tourism industry (20% good/56% bad), the manufacturing industry (15%/50%), the farming and grazing industry (16%/49%) and the retail industry (23%/47%)

On the mining industry, they were split 29% good/29% bad.

Comments »

Impact of Mining Boom and Dollar

Mar 26, 2012

Q. Has the mining boom and the high dollar been good or bad for –

 

Total good

Total bad

Very good

Good

Neither good nor bad

Bad

Very bad

Don’t know

The economy generally

52%

12%

11%

41%

22%

10%

2%

15%

Jobs generally

42%

18%

8%

34%

26%

15%

3%

14%

You personally

23%

10%

5%

18%

55%

8%

2%

10%

A majority (52%) think that the mining boom and the high dollar has been good for the economy and are more likely to think it has been good for jobs (42% good/18% bad).

61% of Labor voters, 53% of Greens voters and 51% of Coalition voters think it has been good for the economy.

55% think it has been neither good nor bad for them personally. For those on incomes over $1,600pw, 32% think it has been good for them personally and 9% bad.

Comments »

Most Important Roles of Government

Jan 23, 2012

Q. From the following list, what do you think are the three most important roles of the Federal Government? (Number from 1 to 3 where 1 is the most important, 2 the second most important, etc)

Most important Second Third Total
Delivering basic services like health and education 18% 27% 20% 65%
Managing the economy in uncertain economic times 20% 15% 14% 49%
Making the big decisions for the nations future 20% 12% 12% 44%
Ensuring that all Australians benefit from Australia’s wealth 13% 10% 11% 34%
Supporting Australian industries to provide jobs 8% 12% 12% 32%
Reducing government spending so money can be returned back to taxpayers 9% 8% 8% 25%
Investing in infrastructure including road rail and broadband 3% 7% 10% 20%
Providing support to the most disadvantaged 4% 4% 8% 16%
Don’t know 5% 5% 5% 5%

Respondents considered that the most important roles of the Federal Government were delivering basic services like health and hospitals (65%), managing the economy in uncertain economic times (49%) and making the big decisions for the nations future (44%).

The least important roles were providing support for the most disadvantaged (16%), investing in infrastructure including road rail and broadband (20%) and reducing government spending so money can be returned to taxpayers (25%).

Comments »

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