Economic Recovery and Demand Stabilization Budget

Proposed by Social Democrats · Passed 11 Oct 2017

✅ Passed

Rationale

This budget aims to restore growth by strengthening domestic demand, supporting household spending, and maintaining investment in productive sectors. Increased funding for social welfare, retirement, healthcare, housing, infrastructure, and business support is designed to stabilize the economy, protect living standards, and encourage both consumer and business confidence.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 9% 12%
Personal income tax: Medium earners 20% 25%
Personal income tax: High earners 30%
Personal income tax: Elite earners 34%

Annual Spending

Category $ per capita Amount
Social Welfare $924 $1,027 $72.0bn $80.0bn
Retirement $2,696 $2,888 $210.0bn $225.0bn
Healthcare $2,606 $2,632 $203.0bn $205.0bn
Education $1,521 $118.5bn
Housing $668 $745 $52.0bn $58.0bn
Justice, Police & Internal Security $462 $36.0bn
Defence $655 $51.0bn
Environment & Climate $253 $19.7bn
Business Support $616 $706 $48.0bn $55.0bn
Arts, Culture & Media $116 $9.0bn
Foreign Aid $103 $8.0bn
Roads & Highways $458 $504 $35.7bn $39.3bn
Public Transport & Rail $367 $403 $28.6bn $31.4bn
Energy Infrastructure $275 $303 $21.4bn $23.6bn
Ports & Airports $183 $202 $14.3bn $15.7bn
Total $927.2bn $975.2bn

Vote tally

Senate

Passed
169Yes 43No 121Not voted 333 seats

For: 169 / 333 filled seats (50.8%) — needs 50.0%

Against: 43 · Abstained: 0 · Not voted: 121

Party Seats Vote
ALAYON 59 Not voted
Blue Labour 56 Not voted
Charlemont Renewal 0 Not voted
Charlemont Rise Up ! 61 Not voted
Common Ground 0 Not voted
Green-left Movement 43 No
National Front 70 Not voted
Red Front Of Charlemont 119 Yes
Social Democrats Proposer 50 Yes
Theist Communist Alliance 0 Not voted

National Assembly

Passed
299Yes 80No 198Not voted 577 seats

For: 299 / 577 filled seats (51.8%) — needs 50.0%

Against: 80 · Abstained: 0 · Not voted: 198

Party Seats Vote
ALAYON 67 Not voted
Blue Labour 109 Not voted
Charlemont Renewal 0 Not voted
Charlemont Rise Up ! 159 Not voted
Common Ground 46 Not voted
Green-left Movement 80 No
National Front 74 Not voted
Red Front Of Charlemont 192 Yes
Social Democrats Proposer 107 Yes
Theist Communist Alliance 0 Not voted

Voting record

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