CANBERRA, May 18 (Xinhua) -- A poll shows Australia's newly released Federal Budget has been rated the worst for the economy since 1993, as younger Australians are not convinced that it will reduce inflation or deliver on -intergenerational equity and housing.

According to a recent survey from Newspoll, which was published by the daily newspaper The Australian on Monday, 47 percent of Australians believe the budget will be bad for the Australian economy, with only 22 percent thinking it would be good.

The 1993 budget is considered the worst in Newspoll history, with 62 percent saying it would be bad for the economy.

The recent poll also shows 47 percent of Australians believe the "budget is driving a wedge between younger and older generations," and 60 percent think the housing measures are "a step in the wrong direction" or "will make no difference."

More than half of Australians expect to be personally worse off as a result of the budget, while just 11 percent -expect to be better off and 37 percent are undecided. Sixty-seven percent of people who own investment properties said they will be worse off.

Amid fears over more rate hikes and living cost pressures, almost half of voters believe the budget will make inflation worse, compared with only 9 percent saying it will make it better and 32 percent who say it will make no difference.

Just 27 percent of voters said the budget was a step in the right direction. In contrast, 38 percent said the budget was a step in the wrong direction and 22 percent said it would make no difference.

Almost 40 percent of voters, including those who own shares and investment properties, said Labor's budget meant they would pay more tax overall, compared with 41 percent who said it would make no difference, and only 7 percent who believed they would pay less tax overall.

The Newspoll, conducted -between Thursday and Sunday, is commissioned by The Australian. ■