OBA’s First Budget: Survey Shows 64% Approve
[Updated with charts] According to the First Quarter 2013 Bermuda Omnibus Survey, 64% of residents approve of the OBA Government’s first budget, while 14% disapprove.
Graham Redford, President and CEO of Total Research Associates Limited, today shared results from the Survey. Total Research Associates spoke with 400 Bermuda residents between March 14th and 27th, and said the results are accurate to within ± 4.9 percentage points [95% confidence level].
Charts from the Bermuda Omnibus Survey, click to enlarge:
Mr. Redford stated: “Residents are largely happy with the OBA Government’s first budget. Almost two-thirds say they approve of the budget [64%; up 27 points from last year], while fewer than two in ten disapprove [14%; down 32 points]. Moreover, two-thirds [64%; up 34 points] agree that the budget will help address the current economic situation on the Island.”
“The Bermuda Consumer Confidence Index [CCI], a proprietary composite measure of the public’s economic mood, introduced in 1998 by Total Research Associates, has also increased markedly this quarter. After matching an all-time low just three months ago, the index now stands at a five-year high.”
“Analysis of results reveals that consumer confidence has improved notably in several areas. Residents are now less likely to feel that the national economy is currently worse than it was one year ago [31%; down 38 points from Q4].
“In addition, there has been a significant increase in those who feel the economy has improved [13%; up 7 points]. Residents’ future outlook for the economy have also improved, as almost one-half feel the economy will be in better shape in 12 months [47%; up 26 points].
“Consumers have also become less negative in their outlook regarding their own economic well-being. Only one-quarter of residents now feel their own finances have worsened, which represents a significant decrease over one quarter ago [25%; down 17 points]. Residents are also less likely to feel they will be worse off in one year’s time [9%; down 10 points].”
Most people do not understand goverment budgeting and are therefore not able to give an informed opinion so this survey is nonsense.
Most people can grasp the simple fact that if you spend more than you earn you’re going to be in trouble. The ones who don’t understand include the PLP’s last Minister of Finance and that party’s blind & blinkered supporters. Like you, Amazed????
I am sure I did not mention anything political, the point is people are often asked to opine on issues when there is no effort to determine how much they actually understand. They are simply given a choice of answers.
Gotta love the fake surveys!!!
No doubt Mr. Redford is either friend or family to the OBA.
By the way Bernews, I see no reference to any other Omnibus Surveys in regards to a Budget. Is this a first?
Surveys always make me smile since it’s all a matter of perspective of the selected individuals selected. Sort of like sticking your hand into a jar of jelly beans, this time you may come up with a dozen red & one pink while next time you stick you hand in there you may come up with no red at all……
Strange then that all political parties use them. It is the only way to get any real indication of sentiment on any given issue from the Community. The margin of error being 4.9% either way. In the last election if the PLP had a poll that had been putting them in the lead they would have used it. They didn’t hence they couldn’t. Nobody says they are perfectly accurate just tools to be used and studied by whoever is interested.
All political parties also make promises but that doesn’t make promises any accurate indication of actual future deeds…
No not All residents in Bermuda participated in this survey.
Read up on how a survey in conducted. It is a sample of the population based on size of population. Margin of error is usually around 5%. No not everyone in Bermuda took part but it is statistically viable. Look at the questions, who conducted it and just because it doesn’t say what you want to see, don’t outright dismiss it.