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.
Statistics are shown for this demographic
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Response rates from 12k Democratic Labour voters.
30% Yes |
70% No |
27% Yes |
54% No |
2% 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 |
3% No, focus on ending tax evasion instead |
0% Yes, and increase taxes |
3% No, cuts to public spending will negatively affect the economy |
2% No, increase taxes on the wealthy instead |
|
1% No, reduce military spending instead |
|
1% No, reduce the number of government officials instead |
Trend of support over time for each answer from 12k Democratic Labour voters.
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Trend of how important this issue is for 12k Democratic Labour voters.
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Unique answers from Democratic Labour voters whose views went beyond the provided options.
@9WY6V9W4wks4W
No, defund military and fund diplomacy and foreign aid; focus on ending tax evasion; increases taxes on wealthy and large multinational corporations; and end the tax-free status of the mining industry/stop wasting money on new mines
@9TQ6P2F2mos2MO
No, crack down on tax evasion, and increase taxes on the wealthy, and medium and large corporations instead
@9PLHYF25mos5MO
Reduce foreign aid spending. Focus on gettting Australia back on track first before we end up being another 3rd world country.
@9KLH3C79mos9MO
No, reduce military spend, focus on ending tax evasion from the top 10%, increase the tax on wealthy individuals and corporations
@9DB25DH1yr1Y
No, reform the tax code and cut the submarine deal
@8D84DB94yrs4Y
No, reduce military spending, and tax the rich and corporations
@9F9VNPV1yr1Y
Yes, by reducing benefits for high level government officials, lowering military spending if there is no threat to the country. Through a tax reform system of lowering the income tax, instating a progressive LVT and removing all existing tax loopholes for large corporations.
@9DNJPSJ1yr1Y
The Government wastes so much money they should look at all areas of waste and cut that out not just make decisions that are popular
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