The 2015 Australian Federal Budget was the eight in a row which contained a budget deficit. The deficit grew 7% to $37.4 billion. A $4.4 billion family aid package, a $5.5 billion small business package and slowing mineral exports were the largest contributors to the increased deficit. The largest cuts were made to foreign aid which decreased by 29% from 2014. Proponents of deficit reduction argue that governments who do not control budget deficits and debt are at risk of losing their ability to borrow money at affordable rates. Opponents of deficit reduction argue that government spending would increase demand for goods and services and help avert a dangerous fall into deflation, a downward spiral in wages and prices that can cripple an economy for years.
43% Yes |
57% No |
39% Yes |
42% No |
4% Yes, but by drastically reducing the benefits and salaries of government officials |
7% No, increase taxes on large multinational corporations instead |
1% Yes, and eliminate federal agencies that are unconstitutional |
2% No, cuts to public spending will negatively affect the economy |
0% Yes, and increase taxes |
2% No, increase taxes on the wealthy instead |
2% No, reduce military spending instead |
|
2% No, focus on ending tax evasion instead |
|
1% No, reduce the number of government officials instead |
See how support for each position on “Government Spending” has changed over time for 485k Australia voters.
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See how importance of “Government Spending” has changed over time for 485k Australia voters.
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Unique answers from Australia users whose views extended beyond the provided choices.
@8D84DB94yrs4Y
No, reduce military spending, and tax the rich and corporations
@96FVK5J2yrs2Y
Yes, but don't defund the Ministry of Defence or Emergency Services, and also raise taxes
@9KLH3C71mo1MO
No, reduce military spend, focus on ending tax evasion from the top 10%, increase the tax on wealthy individuals and corporations
@9DB25DH8mos8MO
No, reform the tax code and cut the submarine deal
@934XZ332yrs2Y
No focus on the multimillionaires and massive corporations
@933XRTF2yrs2Y
Yes. Politicians should take a pay cut
Stay up-to-date on the most recent “Government Spending” news articles, updated frequently.
@BagelsGenesis5mos5MO
Germany froze public spending for the rest of the year after a court declared the government’s spending plans unconstitutional, dealing a blow to Europe’s recovery and efforts to beef up its defenses and reduce carbon emissions.The court decision is likely to widen the economic speed gap between Europe, whose economy has stagnated for over a year, and the U.S., which grew at an annualized 5% in the three months through September, turbocharged by massive fiscal stimulus. Berlin’s decision to freeze all federal spending for the rest of the year came after the court defunded the government’s 60 billion euro—the equivalent of more than $65 billion—green-transition project. The court said Berlin couldn’t repurpose unspent credits originally earmarked to tackle the Covid-19 pandemic to fund environmental and energy projects. It said Berlin was bound by the country’s constitutionally enshrined fiscal rules that limit budget deficits to 0.35% of gross domestic product in normal times.
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