Australia Social media's reaction to the federal budget was very different to news coverage

09:00  09 may  2018
09:00  09 may  2018 Source:   businessinsider.com.au

'We cannot push this to breaking point': Scott Morrison on why tax relief is coming for Australian households

  'We cannot push this to breaking point': Scott Morrison on why tax relief is coming for Australian households In the 2015-16 financial year, the Australian Tax Office (ATO) collected $186 billion in personal income tax. 65% of that figure was collected from just 23% of taxpayers. Australian Treasurer Scott Morrison flagged income tax cuts in the upcoming Federal Budget.Australian Treasurer Scott Morrison has flagged personal income tax cuts for the taxpayers in the top income brackets in a major speech today ahead of the federal budget.

Social media gave more attention, and made more negative comments, about the tax cuts in the federal budget than coverage by online news sites. Social media was also highly critical of environmental issues raised in budget , as this chart shows

Social media gave more attention, and made more negative comments, about than coverage by online news sites. Overall sentiment of social media posts about the budget was mostly negative at 50% with just 5% positive.

  Social media's reaction to the federal budget was very different to news coverage © Provided by Business Insider Inc Social media gave more attention, and made more negative comments, about the tax cuts in the federal budget than coverage by online news sites.

Meltwater, a media analysis service, looked at 29,000 Twitter posts and 3369 online news articles published from 7.30pm (AEST) on Tuesday when Treasurer Scott Morrison started his budget speech to 8 am Wednesday.

Social media was also highly critical of environmental issues raised in budget, as this chart shows:

a screenshot of a cell phone© Provided by Business Insider Inc

More than a third (38%) of social media attention was on the tax cuts but news sites only devoted a quarter (24%) of articles to the topic, as these charts show:

Victoria to get $8b for new roads and rail

  Victoria to get $8b for new roads and rail Nearly a third of the nation's infrastructure pie will be spent on addressing the state's escalating congestion problems. Given Melbourne's dramatic population growth and the burden that's placing on the city’s transport network, nearly a third of the government's $24.5 billion infrastructure budget will be handed to Victoria.About $1.75 billion will be set aside to help build North East Link and for new tunnels and extra lanes on the Eastern Freeway.

Follow today’ s live blog for all the Australian federal budget 2018 news , reaction , and analysis. “This is very disappointing given we have just announced a .8bn loan, almost equivalent to the entire aid Our public interest journalism, breaking news coverage and independent analysis are highly

By Louis Jacobson on Monday, August 17th, 2015 at 4:34 p.m. What goes into the federal budget ? Not what a pie chart circulating on social media says. Support independent fact-checking. In a world of wild talk and fake news , help us stand up for the facts.

a screenshot of a cell phone© Provided by Business Insider Inc

And

a close up of a device© Provided by Business Insider Inc

Overall sentiment of social media posts about the budget was mostly negative at 50% with just 5% positive. However, there was a large chunk of neutral sentiment at 45%, as this chart shows.

  Social media's reaction to the federal budget was very different to news coverage © Provided by Business Insider Inc

Coverage at online news sites was more neutral:

Turnbull government finally buys into Melbourne's congestion problem

  Turnbull government finally buys into Melbourne's congestion problem In the past 50 years, federal and state governments have combined to build one new rail line in Victoria. That figure just doubled and then some in a morning.That figure just doubled and then some in the space of a morning.

Let me offer hope to those who believe a balanced federal budget is important. Of course, balancing the federal budget required changes on a scale that dwarfed virtually all the companies advising us. We knew this was very dangerous in a presidential election year.

Federal Budget 2018: Full coverage of Scott Morrison' s third Budget . And make sure to check back with 9 news .com.au tomorrow for even more budget reaction and The government has announced a three-stage plan to modestly lower taxes over seven years, starting this year with low to medium

a screenshot of a cell phone© Provided by Business Insider Inc

As expected, Treasurer Morrison gained the biggest share of voice on the night. On social media, he was in 42% of the discussion with Prime Minister Malcolm Turnbull on 29% and Opposition Leader Bill Shorten 11%.

a screenshot of a cell phone© Provided by Business Insider Inc

Comment: Australia's economy will come back to 'haunt' Scott Morrison's optimistic budget projections .
Australia's budget position is the best it's been in the post-GFC era, helped by stronger commodity prices and employment growth over the past year. It has allowed treasurer Scott Morrison to cut income taxes and project a return to a budget surplus one year ahead of schedule, an outcome that few would have expected just 12 months ago.However, as any forecaster knows, it's always dangerous to extrapolate near-term movements over a longer time horizon.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!