2018 Mid-Year Budget

Proposed by Revolutionary Socialist Union · Passed 6 May 2018

✅ Passed

Rationale

This budget reflects the Government's commitment to a strong economy and a fairer society. We are redirecting spending towards areas that generate well-being and drive development, while maintaining responsible and sustainable public finances for the future of Costavela

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	20% 18%
Personal income tax: Medium earners	22% 20%
Personal income tax: High earners	26% 28%
Personal income tax: Elite earners	27% 30%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,258 $2,452	$1,045	10.4% 20.0%	$59.0bn $115.0bn
Retirement	$2,463 $1,055	$1,890	20.4% 8.6%	$115.5bn $49.5bn
Healthcare	$2,968 $2,989	$2,397	24.5% 24.4%	$139.2bn $140.2bn
Education	$1,725 $1,834	$1,652	14.3% 15.0%	$80.9bn $86.0bn
Housing	$567 $588	$606	4.7% 4.8%	$26.6bn $27.6bn
Justice, Police & Internal Security	$701 $680	$683	5.8% 5.6%	$32.9bn $31.9bn
Defence	$418 $183	$827	3.5% 1.5%	$19.6bn $8.6bn
Environment & Climate	$241 $252	$235	2.0% 2.1%	$11.3bn $11.8bn
Business Support	$320 $309	$592	2.6% 2.5%	$15.0bn $14.5bn
Arts, Culture & Media	$262 $281	$258	2.2% 2.3%	$12.3bn $13.2bn
Foreign Aid	$113 $126	$69	0.9% 1.0%	$5.3bn $5.9bn
Roads & Highways	$378 $530	$386	3.1% 4.3%	$17.7bn $24.9bn
Public Transport & Rail	$302 $424	$309	2.5% 3.5%	$14.2bn $19.9bn
Energy Infrastructure	$227 $318	$234	1.9% 2.6%	$10.6bn $14.9bn
Ports & Airports	$151 $212	$157	1.2% 1.7%	$7.1bn $9.9bn
Total			100.0%	$567.2bn $573.8bn

Vote tally

Senado

Passed

150Yes 0No 116Not voted 266 seats

For: 150 / 266 filled seats (56.4%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 116

Party	Seats	Vote	Reason
Alliance	97	Not voted
Costavela Democratic Union	0	Not voted
Costavela Workers' Front	12	Not voted
Revolutionary Socialist Union Proposer	150	Yes	No reason given
Solidarity Alliance	0	Not voted
Youth Of Costa	58	Not voted

Congress of Deputies

Passed

198Yes 0No 152Not voted 350 seats

For: 198 / 350 filled seats (56.6%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 152

Party	Seats	Vote	Reason
Alliance	108	Not voted
Costavela Democratic Union	0	Not voted
Costavela Workers' Front	25	Not voted
Revolutionary Socialist Union Proposer	198	Yes	No reason given
Solidarity Alliance	0	Not voted
Youth Of Costa	88	Not voted

Voting record

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

No votes cast yet.

Current budget Budget history