Research Results
59% back borrowing to fund Canterbury quake recovery
23 May 11
A nationwide post-Budget HorizonPoll finds 59.4% support extra Government borrowing to help fund Canterbury’s earthquake recovery.
The Government says the Canterbury earthquakes will cost the Government an extra $5.5 billion over several years.
This is on top of costs being met by the Earthquake Commission, Accident Compensation Corporation and private insurers.
Canterbury Earthquake Kiwi Bonds will be issued by the Government, with funds going to the Canterbury Earthquake Recovery Fund.
A nationwide HorizonPoll of 1,154 people the day after the Budget shows 23.4% don’t support Government borrowing for the quake recovery, while 59.4% do.
Some 1.5% say they will definitely invest in the new bonds, and 11.3% will probably invest.
This represents 412,000 people among the 3.2 million people in New Zealand aged 18+.
Raising the $5.5 billion from this number of people would require an average investment of $12,607 each.
New Zealanders don’t want the Government caught short like this in any future disaster.
Some 43.7% think the Government should both set aside funds and insure to make sure any future disaster recovery costs are covered and the need to borrow is avoided.
The post-Budget HorizonPoll of 1,154 people, was conducted between 11.5am Friday May 20 and 6.30am Saturday May 21 and has a maximum margin of error, at a 95% confidence level, of +/- 2.9%.
RESULTS DETAIL
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Do you support borrowing to help fund the recovery of Canterbury? |
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Will you invest in Government bonds to help fund the Canterbury earthquake recovery? |
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The Government is having to cut expenditure to help pay for the recovery of Christchurch following the earthquakes. Do you think that in future the Government should: |
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QUAKE BONDS INVESTMENT INTENTIONS BY OCCUPATION AND PERSONAL INCOME
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Budget 2011 Survey Results Table (Weighted) |
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Will you invest in Government bonds to help fund the Canterbury earthquake recovery? |
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Total |
A |
B |
C |
D |
E |
F |
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ALL |
N |
1.5% |
11.3% |
26.3% |
27.4% |
25.1% |
8.3% |
100% |
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PERSONAL INCOME |
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Between $100,001 and $150,000 per year |
2% |
5.1% |
25.4% |
16.6% |
13.1% |
36% |
3.8% |
100% |
|
Between $20,001 and $30,000 per year |
14% |
1.9% |
16.1% |
27.1% |
25.2% |
25.7% |
4% |
100% |
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Between $30,001 and $50,000 per year |
21% |
1.9% |
10.7% |
24.1% |
33.5% |
22.5% |
7.2% |
100% |
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Between $50,001 and $70,000 per year |
9% |
1.8% |
11.4% |
42.2% |
22.2% |
19.6% |
3% |
100% |
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Between $70,001 and $100,000 per year |
5% |
3.4% |
14.5% |
23.8% |
34.4% |
20.3% |
3.6% |
100% |
|
Don't know/ prefer not to say |
10% |
1.1% |
10.7% |
22.4% |
24.5% |
23.8% |
17.5% |
100% |
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Less than $20,000 per year |
39% |
0.8% |
9.2% |
25.9% |
26.1% |
27.9% |
10.1% |
100% |
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Between $150,001 and $200,000 per year |
1% |
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6.1% |
14.3% |
35.3% |
35.6% |
8.8% |
100% |
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More than $200,000 per year |
0% |
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6.6% |
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75.9% |
17.5% |
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100% |
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OCCUPATION |
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Business Manager/Executive |
5% |
4.3% |
21.8% |
29.5% |
14.6% |
27.7% |
2.1% |
100% |
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Business Proprietor/Self-employed |
5% |
1.2% |
17.2% |
20.5% |
35% |
23.7% |
2.3% |
100% |
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Clerical/Sales Employee |
8% |
0.6% |
7.6% |
27% |
36.7% |
20.5% |
7.7% |
100% |
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Farm Owner/manager |
1% |
3% |
21.1% |
20% |
26.6% |
29.3% |
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100% |
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Labourer/Agricultural or Domestic Worker |
3% |
12.1% |
13.7% |
14% |
43.1% |
15.6% |
1.5% |
100% |
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Professional/Senior Government Official |
5% |
3.1% |
13.2% |
22.8% |
26.7% |
21.7% |
12.6% |
100% |
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Retired/Superannuitant |
14% |
0.6% |
17.2% |
24.7% |
24.5% |
28.2% |
4.9% |
100% |
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Teacher/Nurse/Police or other trained service worker |
9% |
1% |
11.3% |
25.3% |
38.1% |
20.8% |
3.5% |
100% |
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Unemployed/Beneficiary |
8% |
1.3% |
4.7% |
29.2% |
16.5% |
35.1% |
13.2% |
100% |
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Don't know/prefer not to say |
4% |
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16.1% |
25.2% |
16.3% |
21.3% |
21.1% |
100% |
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Home-maker (not otherwise employed) |
6% |
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4.9% |
22.2% |
34% |
25.5% |
13.4% |
100% |
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Student |
14% |
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9.1% |
27.3% |
30.5% |
23.6% |
9.6% |
100% |
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Technical/mechanical/Skilled Worker |
6% |
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10.5% |
30.3% |
26.5% |
25% |
7.7% |
100% |
METHODOLOGY
Horizon Research - Budget 2011 survey
11.45am Friday May 20 – 6.30am May 21, 2011
Respondents = 1154. Weighted by age, gender, ethnicity, region, personal income and party vote 2008 to provide a representative sample of the New Zealand population. The maximum margin of error at a 95% confidence level is +/- 2.9%.
Members of the nationwide HorizonPoll panel are selected and invited to join based on the New Zealand population profile at the 2006 census. Pre-weighted respondents groups may then be invited to respond to surveys, and results further weighted to ensure a representative population sample is achieved.
For further information please contact:
Manager: Grant McInman
Telephone: 021 076 2040
E-mail: gmcinman@horizonresearch.co.nz
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