Reason for Budget Deficit

Apr 11, 2011

Q. The Federal Government is currently running a budget deficit, but intends to return to surplus in 2012-13. Which of the following do you think is most responsible for the deficit?

Total Vote Labor Vote Lib/Nat Vote Greens
Poor economic management by the Government 23% 5% 43% 8%
The cost of the Government’s GFC stimulus packages 19% 19% 20% 21%
Big companies not paying their fair share of taxes 17% 29% 6% 30%
Spending on big projects like the National Broadband Network 14% 8% 18% 10%
Lower tax revenues because of the Global Financial Crisis 13% 25% 4% 19%
Don’t know 15% 14% 9% 11%

Overall, respondents believe the main reasons for the budget deficit are poor economic management by the Government (23%), the cost of the Government’s GFC stimulus (19%) and big companies not paying their fair share of taxes (17%).

Labor voters were most likely to blame big companies not paying their fair share of taxes (29%) and lower tax revenues because of the GFC (25%) while Liberal/National voters blame poor economic management by the Government (43%). Greens voters tended to blame big companies not paying their fair share of taxes (30%).