The first post-Budget poll from Roy Morgan is not happy in terms of “what does it does it do for me?”:
A special combined Roy Morgan Business Pulse and Roy Morgan Consumer Pulse survey conducted today (May 14, 2014) shows large majorities of both Australian consumers (88%) and businesses (74%) overwhelmingly feel last night’s Federal Budget will not benefit them – this is little changed from pre-Budget expectations measured by Roy Morgan last Friday.
ROY MORGAN CONSUMER PULSE
- Despite it being a Liberal Government, 76% (up 4% since pre-Budget) of Liberal supporters say last night’s Federal Budget will not benefit them or their families compared to just 24% (down 4%) that say the Federal Budget will benefit them.
- ALP supporters are even more worried – 96% (down 1%) believe the Federal Budget will not benefit them and their families and only 4% (up 1%) believe it will.
- Greens supporters are as negative as ALP supporters – 96% (down 1%) say the Federal Budget will not benefit them and their families and only 4% (up 1%) say it will.
- Similarly, 94% (up 2%) of supporters of Other parties say the Federal Budget will not benefit them and their families and only 6% (down 2%) believe it will.
ROY MORGAN BUSINESS PULSE
- Although businesses are overwhelmingly negative on the Federal Budget with 74% (down 3%) saying the Federal Budget will not benefit their business compared to 26% (up 3%) that say it will – slightly less negative than businesses were pre-Budget.
- Micro businesses (under 5 employees) are still the most negative on the Federal Budget with 78% (down 2%) saying it will not benefit their businesses and only 22% (up 2%) saying it will.
- In contrast, Large businesses (200 employees+) who were the most positive about the Budget last week, are the only type of businesses that are now less positive about the Federal Budget with 72% (up 4%) saying last night’s Budget will not benefit their businesses compared to only 28% (down 4%) that say it will.
2014 FEDERAL BUDGET v 2013 FEDERAL BUDGET
- Treasurer Joe Hockey’s first Federal Budget has been seen slightly more negatively than former Treasurer Wayne Swan’s sixth, and final, Federal Budget delivered a year ago.
- Last year’s Roy Morgan Consumer Pulse showed 84% (compared to 88% this year) of Australians didn’t expect Swan’s final Federal Budget to benefit them before last year’s Budget and 86% (compared to 88% this year) said after last year’s Budget that it didn’t benefit them.
