Reason for Australia’s national debt

May 6, 2013

Q. What do you think is the main reason for Australia’s national debt?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

The world economy

26%

44%

10%

49%

The high Australian dollar

17%

31%

9%

19%

Government are poor economic managers

46%

12%

76%

19%

Don’t know

11%

14%

5%

14%

46% think the main reason for Australia’s national debt is that the Government are poor economic managers. 26% think it is due to the world economy and 17% blame the high Australian dollar.

Labor (44%) and Greens (49%) voters are more likely to blame the world economy, while 76% of Liberal/National voters say it is because the Government are poor economic managers.

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.

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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.

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Support for Other Manufacturing Sectors

Jan 23, 2012

Q. Do you think other manufacturing sectors that are under pressure from the high Australian dollar should receive similar assistance from Governments, or do you think the car industry needs special assistance?

Total Vote Labor Vote Lib/Nat Vote Greens
Other manufacturing industries should receive similar assistance 62% 61% 66% 68%
The car industry needs special assistance 12% 15% 15% 9%
Don’t know 26% 24% 19% 23%

62% thought that other manufacturing industries should receive similar assistance and only 12% thought the car industry needs special assistance. There were no major differences across demographic and voter groups – although strongest support for similar assistance for other industries came from Greens voters (68%), aged 45+ (69%) and Victorian residents (68%).

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