Economy: Direct investment vs trickle-down approach
Q. Which of the following is closest to your view on the best way to create jobs and grow the economy?
| Total | Gender | Age Group | ||||
| Male | Female | 18-34 | 35-54 | 55+ | ||
| The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers | 69% | 67% | 70% | 57% | 66% | 81% |
| The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs | 19% | 23% | 14% | 28% | 20% | 10% |
| Unsure | 13% | 9% | 16% | 15% | 14% | 9% |
| Base (n) | 1,066 | 531 | 535 | 340 | 341 | 385 |
| Total | Federal Voting Intention | ||||
| Labor | Liberal + National | Greens | TOTAL: Other | ||
| The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers | 69% | 72% | 66% | 77% | 75% |
| The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs | 19% | 17% | 22% | 19% | 17% |
| Unsure | 13% | 11% | 12% | 5% | 8% |
| Base (n) | 1,066 | 332 | 433 | 91 | 111 |
- There is a majority preference for the government to directly invest in creating jobs and growing the economy.
- 69% opted for direct investment, while 19% preferred deregulation and lower taxes. 13% were unsure between the two options.
- There was no difference in the support for direct investment between men and women (67% to 70%), but men were more likely to select deregulation (23% to 14%).
- There were no differences in preference between voters of Coalition or Labor, with the majority of each all favouring direct investment (72% of Labor voters, 66% of Coalition voters).
Priorities for upcoming Federal Budget
Q. From the options below, which of the following initiatives should the government prioritise in the upcoming Federal Budget in October?
Please select your top three choices with 1 being the top priority, 2 being the second top priority and 3 being the third top priority.
| Total | Gender | Age Group | Federal Voting Intention | |||||||
| TOTAL: TOP 3 | Male | Female | 18-34 | 35-54 | 55+ | Labor | Liberal + National | Greens | TOTAL: Other | |
| Build more affordable housing | 60% | 57% | 64% | 60% | 57% | 64% | 66% | 54% | 61% | 56% |
| Invest in renewable energy projects | 52% | 53% | 50% | 45% | 52% | 56% | 48% | 51% | 66% | 54% |
| Invest in large-scale infrastructure projects (e.g. roads, transport networks, ports etc.) | 48% | 51% | 45% | 37% | 47% | 58% | 41% | 59% | 26% | 55% |
| Extend JobKeeper and JobSeeker payments at current rate | 47% | 47% | 47% | 52% | 45% | 45% | 52% | 39% | 61% | 44% |
| Directly fund jobs in aged care | 41% | 36% | 46% | 35% | 37% | 51% | 41% | 41% | 35% | 44% |
| Establish a universally accessible early learning system | 27% | 29% | 25% | 38% | 31% | 13% | 29% | 24% | 33% | 27% |
| Fast-track tax cuts for higher income earners | 25% | 28% | 23% | 33% | 31% | 13% | 22% | 31% | 20% | 21% |
| Base (n) | 1,081 | 539 | 542 | 338 | 374 | 369 | 298 | 460 | 115 | 104 |
- Building more affordable houses was the most selected issue, with 60% rating this as a Top 3 priority for the Government in the next budget. Investing in renewable energy (52%), investment in large-scale infrastructure (48%) and the extension of JobKeeper and JobKeeper (47%) also rated highly.
- Fast-tracking tax cuts was considered a Top 3 priority for 25% of people.
- Coalition voters were more likely to select investment in renewable energy (51%) than the fast-tracking of tax cuts for higher income earners (31%) as a priority issue. Investment in large-scale infrastructure (59%), build affordable housing (54%) and investment in renewables (51%) were the most selected priorities among Coalition voters.
Federal budget priorities
Q. The Federal Budget will be announced on Tuesday 8th Do you think the Government should increase, decrease or keep spending the same for –
| Increase spending | Keep spending the same | Decrease spending | Don’t know | Increase spending May 2017 | Change since May 2017 | ||
| Health care | 67% | 25% | 3% | 5% | 62% | +5 | |
| Age pensions | 56% | 31% | 5% | 8% | 48% | +8 | |
| Education | 55% | 33% | 6% | 6% | 54% | +1 | |
| More affordable housing | 52% | 36% | 6% | 6% | 44% | +8 | |
| Assistance to the needy in Australia | 46% | 41% | 7% | 7% | 38% | +8 | |
| Protecting Australian jobs | 44% | 43% | 6% | 7% | 44% | – | |
| Renewable energy | 43% | 39% | 12% | 6% | 41% | +2 | |
| Public transport infrastructure | 41% | 44% | 8% | 7% | 47% | -6 | |
| Building highways, roads | 37% | 48% | 9% | 6% | 38% | +1 | |
| Scientific research | 36% | 48% | 9% | 7% | 37% | -1 | |
| Environmental protection | 35% | 44% | 15% | 6% | 30% | +5 | |
| Assistance to the unemployed | 33% | 44% | 17% | 6% | 22% | +11 | |
| Anti-terrorism | 31% | 51% | 11% | 7% | 32% | -1 | |
| Military/defence | 20% | 50% | 23% | 7% | 20% | – | |
| Assistance to businesses | 13% | 47% | 33% | 7% | 10% | +3 | |
| Assistance to the needy in the rest of the world | 12% | 33% | 48% | 7% | 11% | +1 |
The areas with majority support for increasing spending were health care (67% support), age pensions (56%), education (55%) and affordable housing (52%).
Since this time last year, the main changes have been increased support for spending on assistance to the unemployed (up 11%), age pensions (up 8%), more affordable housing (up 8%) and assistance to the needy in Australia (up 8%).
The areas with the highest support for decreasing spending were assistance to the needy in the rest of the world (48% support), assistance to businesses (33%) and military/defence (23%).
Federal budget impact
Q. In general, do you expect the Federal Budget, will be good or bad for the following?
| Total good | Total bad | Very good | Good | Neither good nor bad | Bad | Very bad | Don’t know | Total Good (May ’17) | Total Bad (May ’17) | ||
| People who are well off | 55% | 8% | 27% | 28% | 26% | 6% | 2% | 11% | 44% | 7% | |
| Australian business | 47% | 8% | 10% | 37% | 31% | 7% | 1% | 12% | 43% | 8% | |
| The economy overall | 35% | 19% | 6% | 29% | 34% | 15% | 4% | 12% | 21% | 24% | |
| Average working people | 24% | 29% | 4% | 20% | 36% | 24% | 5% | 10% | 12% | 35% | |
| Australian families | 23% | 31% | 5% | 18% | 33% | 24% | 7% | 11% | 14% | 36% | |
| People of lower incomes | 22% | 43% | 5% | 17% | 25% | 27% | 16% | 11% | 11% | 48% | |
| Older Australians | 20% | 24% | 5% | 15% | 27% | 28% | 12% | 12% | 10% | 45% | |
| Younger Australians | 19% | 28% | 4% | 15% | 41% | 20% | 8% | 12% | 11% | 33% | |
| You personally | 18% | 24% | 5% | 13% | 47% | 18% | 6% | 11% | 10% | 30% |
55% thought that the Federal Budget would be good for people who are well off (up 11% from last year’s budget). 47% thought it would be good for Australian business (up 4%), and 35% thought it would be good for the economy overall (up 14%). Less than 25% thought the budget would be good for any another group – although for each group, respondents were more optimistic than last year.
18% thought the Federal Budget would be good for them personally (up 8% from last year’s budget), and 24% thought it would be bad for them (down 6%).
Important budget issues
Q. Which of the following areas do you think is most important for the Government to address?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | Vote other | ||
| More funding to schools and hospitals | 28% | 32% | 26% | 35% | 21% | |
| Supporting industries that create jobs | 22% | 19% | 29% | 13% | 25% | |
| Personal tax cuts | 17% | 16% | 18% | 11% | 22% | |
| Building infrastructure | 12% | 10% | 15% | 20% | 9% | |
| Fully funding the NDIS | 8% | 11% | 4% | 11% | 14% | |
| Don’t know | 13% | 11% | 9% | 10% | 9% |
28% thought that more funding to schools and hospitals was the most important area for the Government to address, 22% nominated supporting industries that create jobs and 17% wanted personal tax cuts.
Labor (32%) and Greens (35%) voters were more likely to prefer more funding for schools and hospitals while 29% of Liberal National voters nominated supporting industries that create jobs.
Budget Surplus
Q. How important is it that the Government returns the budget to surplus?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | Vote other | ||
| Total important | 71% | 63% | 87% | 49% | 78% | |
| Total not important | 19% | 28% | 9% | 43% | 13% | |
| Very important | 31% | 21% | 47% | 8% | 38% | |
| Somewhat important | 40% | 42% | 40% | 41% | 40% | |
| Not very important | 15% | 23% | 7% | 33% | 11% | |
| Not at all important | 4% | 5% | 2% | 10% | 2% | |
| Don’t know | 10% | 9% | 4% | 8% | 9% |
71% thought that returning the budget to surplus was important. Those most likely to think this were Liberal/National voters (87% important), those earning over $104,000 (78%) and those working full time (76%).
19% thought that returning the budget to surplus was not important. Those most likely to think this were Greens voters (43% not important) and ALP voters (28%).
Budget Surplus or Spending
Q. Do you think it is more important for the Government to return the budget to surplus as soon as possible – which may mean cutting services and raising taxes – OR should they delay the return to surplus and maintain services and invest in infrastructure?
| Total | Vote Labor | Vote Lib/Nat | Vote Greens | Vote other | ||
| Return to surplus as soon as possible, cut services, raise taxes | 18% | 12% | 28% | 7% | 16% | |
| Delay return to surplus, maintain services, invest in infrastructure | 65% | 75% | 59% | 81% | 67% | |
| Don’t know | 18% | 13% | 12% | 12% | 17% |
65% thought it was more important to delay a return to surplus, maintain services and invest in infrastructure. Those most likely to think this were Greens voters (81%) and ALP voters (75%).
18% it was more important to return to surplus as soon as possible. Those most likely to sat think were Liberal/National voters (28%), those aged 65+ (22%) and those earning over $104,000 (22%).
Federal Budget
Q. In general, do you think the Federal Budget, announced on Tuesday 13th May 2014 was good or bad for?
|
|
|
|
|
|
|
|
|
|
|
|
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.
COVID-19 RESEARCH
Read Essential's ongoing research on the public response to Covid-19.
Essential Report
In this week's report:
Sign up for updates
Receive the Essential Report in your inbox.Essential Tags
Recent Comments
