Belvaria
Economy
Budget
History
Debt Reduction & Business Support Plan

Debt Reduction & Business Support Plan

Proposed by Amish League · Passed 5 Jul 2022

✅ Passed

Rationale

These changes, as promised by the AL to the voters of Belvaria, slightly increase taxes and cut retirement funds while significantly raising business support funds as demanded by the voting public. It also manages to once again significantly increase the budget surplus to facilitate the complete eradication of the National Debt within just a few short weeks of this budget's adoption, which will allow a much more liberal budget to be proposed.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	0%
Personal income tax: Medium earners	40% 45%
Personal income tax: High earners	40% 45%
Personal income tax: Elite earners	40% 45%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$989	$1,045	11.7%	$90.0bn
Retirement	$1,648 $1,099	$1,951	19.5% 13.0%	$150.0bn $100.0bn
Healthcare	$2,088	$2,397	24.7%	$190.0bn
Education	$1,648	$1,652	19.5%	$150.0bn
Housing	$549	$606	6.5%	$50.0bn
Justice, Police & Internal Security	$330	$683	3.9%	$30.0bn
Defence	$330	$831	3.9%	$30.0bn
Environment & Climate	$55	$241	0.6%	$5.0bn
Business Support	$0 $549	$593	0.0% 6.5%	$0.0bn $50.0bn
Arts, Culture & Media	$0	$258	0.0%	$0.0bn
Foreign Aid	$0	$69	0.0%	$0.0bn
Roads & Highways	$294	$385	3.5%	$26.8bn
Public Transport & Rail	$235	$305	2.8%	$21.4bn
Energy Infrastructure	$177	$232	2.1%	$16.1bn
Ports & Airports	$118	$157	1.4%	$10.7bn
Total			100.0%	$770.0bn

Vote tally

Federal Council

Passed

45Yes 0No 21Not voted 66 seats

For: 45 / 66 filled seats (68.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 21

Party	Seats	Vote	Reason
Alternative For Belvaria	3	Not voted
Amish League Proposer	33	Yes	No reason given
Anarchist Association	0	Not voted
Belvarian Forward League	0	Yes	A rather rational budget.
Belvarian Peoples Union	10	Not voted
Citizen Core	7	Not voted
Freedom For Us	28	Not voted
Liberty For Belvaria!	12	Yes	While the tax rates remain ludicrous, the surplus it brings offers the chance to offset the damage to the citizen.
Partido Nacionalista De Belvaria	15	Not voted
United Left Of Belvaria	7	Not voted

National Parliament

Passed

261Yes 0No 239Not voted 500 seats

For: 261 / 500 filled seats (52.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 239

Party	Seats	Vote	Reason
Alternative For Belvaria	18	Not voted
Amish League Proposer	188	Yes	No reason given
Anarchist Association	0	Not voted
Belvarian Forward League	0	Yes	A rather rational budget.
Belvarian Peoples Union	109	Not voted
Citizen Core	27	Not voted
Freedom For Us	149	Not voted
Liberty For Belvaria!	73	Yes	While the tax rates remain ludicrous, the surplus it brings offers the chance to offset the damage to the citizen.
Partido Nacionalista De Belvaria	103	Not voted
United Left Of Belvaria	21	Not voted

Voting record

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

Liberty For Belvaria!

Voted July 5, 2022

Yes Changed vote

“While the tax rates remain ludicrous, the surplus it brings offers the chance to offset the damage to the citizen.”

Belvarian Forward League

Voted May 26, 2022

Yes

“A rather rational budget.”

Liberty For Belvaria!

Voted May 15, 2022

“We do not need additional tax hikes from the already ludicrous 40%z”

Current budget Budget history