Australians are looking to the Morrison Government to take bold market interventions as the most important post-COVID economic initiatives ahead of the Federal Budget. In a series of special pre-Budget questions, we found some 81% believe it’s important to revive local manufacturing industries while 75% believe it’s important to increase government funds to support small businesses.
This week’s SEC Newgate Research survey of 1,801 people, taken Monday 28 to Wednesday 30 September, also suggests the community expects to see some cash splashed around next Tuesday night. Overall, 54% supported increased overall spending, even if this means more debt with only 13% opposed to this.
Meanwhile Government will be relieved that the community is in lock-step with increasing liberalisation of coronavirus restrictions. The proportion of people who say Australia is responding at an appropriate level continues to rise steadily (78% up from 76% last week and 69% six weeks ago) with only 11% believing we are over-reacting or not taking it seriously enough
In addition to manufacturing and small business noted above, the other top priorities were:
Over the past month the economy has become clearly established as the number one prompted concern of Australians, with concern about the coronavirus tracking downwards to its lowest level since May, before the second wave:
Confidence in Government has steadied nationally. There has been a significant increase in the proportion who agree the Government is taking appropriate measures to protect people’s health (78% up from 74% last week). Victorians remain least likely to agree that the restrictions are fair and reasonable, and their level of agreement with this is declining (64% down from 68% last week).
As a measure of growing public confidence in the direction of events, support for state borders to be opened by Christmas has increased significantly this week from 63% to 67%. Victorians (76%) and NSW residents (72%) remain most supportive while the majority of those in WA (55%) remain opposed.