Budget for the Future 2

Proposed by Centrist Zone · Passed 26 Jun 2018

✅ Passed

Rationale

This budget will increase long-term social security and economic growth. By focusing on infrastructure, education and housing, we aim to empower young people with greater tools to live a more successful life.

Figures show the previous budget where they changed the new value.

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	18%
Personal income tax: Medium earners	25%
Personal income tax: High earners	40%
Personal income tax: Elite earners	54%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$786	$1,045	7.0% 6.8%	$47.0bn
Retirement	$3,010 $2,843	$1,890	26.7% 24.4%	$180.0bn $170.0bn
Healthcare	$2,341	$2,389	20.8% 20.1%	$140.0bn
Education	$1,405 $1,672	$1,649	12.5% 14.4%	$84.0bn $100.0bn
Housing	$502 $635	$603	4.5% 5.5%	$30.0bn $38.0bn
Justice, Police & Internal Security	$555	$683	4.9% 4.8%	$33.2bn
Defence	$778	$831	6.9% 6.7%	$46.5bn
Environment & Climate	$222	$241	2.0% 1.9%	$13.3bn
Business Support	$502	$592	4.5% 4.3%	$30.0bn
Arts, Culture & Media	$172	$255	1.5%	$10.3bn
Foreign Aid	$156 $89	$70	1.4% 0.8%	$9.3bn $5.3bn
Roads & Highways	$299 $370	$386	2.7% 3.2%	$17.9bn $22.1bn
Public Transport & Rail	$239 $296	$309	2.1% 2.5%	$14.3bn $17.7bn
Energy Infrastructure	$179 $222	$234	1.6% 1.9%	$10.7bn $13.3bn
Ports & Airports	$119 $148	$157	1.1% 1.3%	$7.1bn $8.9bn
Total			100.0%	$673.6bn $695.6bn

Vote tally

Parliament

Passed

51Yes 0No 20Abstained 29Not voted 100 seats

For: 51 / 100 filled seats (51.0%) — needs 50.0%

Against: 0 · Abstained: 20 · Not voted: 29

Party	Seats	Vote	Reason
Alliance Of Liberals And Democrats	25	Yes	No reason given
Avalon Commonwealth	9	Not voted
Cashmen	13	Not voted
Centrist Zone Proposer	26	Yes	No reason given
Democratic Group	47	Not voted
Left Alliance	20	Abstain	No reason given
Twin Avalon	2	Not voted

Voting record

Every vote must state a public reason. Most recent first.

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Current budget Budget history