Targeted Expansionary Growth Budget

Proposed by Social Democrats · Passed 18 Mar 2017

✅ Passed

Rationale

This budget continues a controlled, counter-cyclical fiscal expansion following the earlier economic shock, prioritizing high-multiplier investments in infrastructure, housing, and business support to sustain and accelerate GDP growth. A moderate increase in the deficit is accepted in the short term as a deliberate investment into productive capacity, with the expectation that stronger future growth will stabilize fiscal balance over time.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 9%
Personal income tax: Medium earners 21% 20%
Personal income tax: High earners 30%
Personal income tax: Elite earners 34%

Annual Spending

Category $ per capita Amount
Social Welfare $924 $72.0bn
Retirement $2,824 $2,696 $220.0bn $210.0bn
Healthcare $2,632 $2,606 $205.0bn $203.0bn
Education $1,521 $118.5bn
Housing $578 $668 $45.0bn $52.0bn
Justice, Police & Internal Security $513 $462 $40.0bn $36.0bn
Defence $757 $655 $59.0bn $51.0bn
Environment & Climate $253 $19.7bn
Business Support $539 $616 $42.0bn $48.0bn
Arts, Culture & Media $128 $116 $10.0bn $9.0bn
Foreign Aid $128 $103 $10.0bn $8.0bn
Roads & Highways $367 $458 $28.6bn $35.7bn
Public Transport & Rail $293 $367 $22.9bn $28.6bn
Energy Infrastructure $220 $275 $17.1bn $21.4bn
Ports & Airports $147 $183 $11.4bn $14.3bn
Total $921.2bn $927.2bn

Vote tally

Senate

Passed
184Yes 0No 164Not voted 348 seats

For: 184 / 348 filled seats (52.9%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 164

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 88 Not voted
National Front 70 Not voted
People's Front For Sovereignty 15 Yes
Red Front Of Charlemont 119 Yes
Social Democrats Proposer 50 Yes
Theist Communist Alliance 0 Not voted

National Assembly

Passed
299Yes 0No 278Not voted 577 seats

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

Against: 0 · Abstained: 0 · Not voted: 278

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 105 Not voted
National Front 74 Not voted
People's Front For Sovereignty 0 Yes
Red Front Of Charlemont 203 Yes
Social Democrats Proposer 96 Yes
Theist Communist Alliance 0 Not voted

Voting record

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