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  • May, 2012

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    Will the Budget solve our two speed economy?


    Paul Bastian welcomes the tax on mining profits and the Government’s continued commitment to manufacturing.

    It’s no secret that the mining boom has pushed the dollar sky high and caused problems for manufacturers. But Paul Bastian believes the Government is right to be investing in the future and promoting maths and science.

    He tells 3Q that innovation in manufacturing is the key to the future and it must be protected at all costs.

  • May, 2012

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    Interest in Federal Budget

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

     

    2009

    2010

    2011

    2012

    Total a lot/some

    66%

    53%

    52%

    54%

    Total a little/none

    31%

    44%

    45%

    43%

    A lot

    29%

    18%

    19%

    20%

    Some

    37%

    35%

    33%

    34%

    A little

    25%

    29%

    31%

    31%

    None

    6%

    15%

    14%

    12%

    Can’t say

    3%

    3%

    2%

    3%

    Just over half (54%) of respondents said they paid a lot or some attention to the Federal Budget. This is much the same as the corresponding figure of 52% for last year’s budget.

    Those most interested were Liberal/National voters (61%), Labor voters (59%) and people aged 55+ (64%). Only 42% of respondents aged 18-34 paid a lot or some attention to the budget.

    Comments »

  • May, 2012

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    Impact of Budget

    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 average working people?

    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

    Working people

    Australian businesses

    Economy overall

     

    2010

    2011

    2012

    2012

    2010

    2011

    2012

    2010

    2011

    2012

    Total good

    22%

    11%

    17%

    31%

    27%

    20%

    10%

    36%

    27%

    26%

    Total bad

    26%

    29%

    26%

    24%

    32%

    25%

    43%

    28%

    29%

    32%

    Very good

    3%

    2%

    2%

    4%

    3%

    3%

    1%

    6%

    4%

    4%

    Good

    19%

    9%

    15%

    27%

    24%

    17%

    9%

    30%

    23%

    22%

    Neither good nor bad

    33%

    44%

    44%

    33%

    9%

    31%

    29%

    10%

    25%

    25%

    Bad

    18%

    21%

    17%

    19%

    22%

    19%

    28%

    18%

    21%

    21%

    Very bad

    8%

    8%

    9%

    5%

    10%

    6%

    15%

    10%

    8%

    11%

    Don’t know

    20%

    16%

    12%

    12%

    31%

    23%

    18%

    26%

    20%

    17%

    In terms of the economy overall there was a similar response to the 2012 budget compared to last year’s. 26% (down 1%) thought the economy was good for the economy and 32% (up 3%) thought it was bad.

    44% of respondents thought the Federal budget was neither good nor bad for them personally – 17% (up 6%) said it was good and 26% (down 3%) bad. 28% of respondents aged 35-44 thought it was good for them while 38% of those aged 55+ thought it was bad.

    31% thought it was good for working people and 24% thought it was bad. 35% of part-time workers thought it was good for working people.

    43% (up 18%) thought the budget was bad for business, 10% (down 10%) good and 29% said it was neither.

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  • May, 2012

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    Approval of Budget Items

    Q. Do you approve or disapprove of the following parts of the Federal budget?

     

    Total approve

    Total disapprove

    Strongly approve

    Approve

    Disapprove

    Strongly disapprove

    Don’t know

    Reduced spending on defence

    48%

    43%

    14%

    34%

    28%

    15%

    10%

    Increased spending on dental health

    87%

    8%

    30%

    57%

    7%

    1%

    6%

    Bonus payments to low-income families with children at school

    60%

    33%

    16%

    44%

    20%

    13%

    7%

    Returning the budget to surplus

    61%

    26%

    15%

    46%

    19%

    7%

    14%

    Tightening eligibility for parenting payments for single mothers

    65%

    25%

    26%

    39%

    17%

    8%

    10%

    Increasing tax on super contributions for people on high incomes

    60%

    31%

    28%

    32%

    20%

    11%

    9%

    Respondents were divided on reduced defence spending – 48% approved and 43% disapproved. Support for reduced defence spending was highest among those aged 18-34 (57%).

    On all other items measured there was quite strong approval – in particular on increased spending on dental health (87%). Other items received at least 60% support – including 61% approval of returning the budget to surplus. 71% of Labor voters and 58% of Liberal/National voters approved the return to surplus.

    Increasing tax on super contributions for people on high incomes was approved by 52% of those on incomes of $1,600+ pw and disapproved by 40%.

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  • Feb, 2012

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    Education Funding or Budget Surplus

    Q. The Gonski report also recommends a $5 billion increase in education funding with $1.5 billion of this additional funding coming from the Federal Government and the rest from the State Governments. If the Federal Government provides this additional funding it may mean they will not be able to return the budget to surplus next year.

    Do you think it is more important to provide this additional funding for schools or more important to return a budget surplus?

     

    Total

    Vote Labor

    Vote Lib/Nat

    Vote Greens

    More important to provide additional funding to schools

    61%

    63%

    58%

    83%

    More important to return a budget surplus

    24%

    25%

    29%

    11%

    Don’t know

    15%

    12%

    12%

    6%

    61% think it is more important to provide additional funding to schools and 24% say it is more important to return a budget surplus.

    Those who think it is more important to provide additional funding were women (65%), aged 45+ (67%), and Greens voters (83%).

    Comments »

  • Nov, 2011

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    Return to Surplus

    Q. Do you think it is more important for the Government to return the budget to surplus by 2012/13 as planned – which may mean cutting services and raising taxes – OR should they delay the return to surplus and maintain services and invest in infrastructure?

    April 4 Total Vote Labor Vote Lib/Nat Vote Greens
    Return to surplus by 2012/13, cut services, raise taxes 14% 13% 13% 19% 7%
    Delay return to surplus, maintain services, invest in infrastructure 69% 71% 76% 68% 82%
    Don’t know 17% 15% 11% 13% 11%

    13% support the return to surplus by 2012/13 if it means cutting services and raising taxes and 69% think the Government should delay the return to surplus and maintain services and investment. Opinions are unchanged since this question was asked in April.

    No more than 19% of any demographic or voter group supported the return to surplus by 2012/13.

    Comments »

  • Nov, 2011

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    Measures Government should take to Return to Surplus

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

    April 4 Total Vote Labor Vote Lib/Nat Vote Greens
    Increase taxes for big corporations 63% 72% 81% 65% 86%
    Reduce tax breaks for high income earners 51% 59% 63% 57% 64%
    Reduce defence spending 32% 37% 32% 37% 67%
    Cut “middle class welfare” such as the Baby Bonus, first home buyers grant and Family Tax Benefit payments 36% 35% 31% 40% 29%
    Cut spending on unemployment and disability benefits 21% 21% 15% 28% 13%
    It does not need to return to surplus so quickly 38% 58% 65% 56% 61%

    The most favoured measures for returning the budget to surplus were increasing taxes for big corporations (72%) and reducing tax breaks for high-income earners (59%).

    Labor voters were more likely to support increasing taxes for big corporations (81%).

    Liberal/National voters were more likely to support cutting spending on unemployment and welfare benefits (28%), and cutting “middle class welfare” (40%).

    Since this question was last asked in April, support has increased for increasing taxes for big corporations (+9%) and reducing tax breaks for high income earners (+8%).

    However, the major change since April has been a substantial increase in support for the position that the Government does not need to return to surplus so quickly – up 20% to 58%. This position is supported by 65% of Labor voters and 56% of Liberal/National voters.

    Comments »

  • May, 2011

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    Interest in Federal Budget

    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.

    Comments »

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