2019 Mid-Year Budget

Proposed by Revolutionary Socialist Union · Passed 19 Aug 2019

✅ Passed

Rationale

Significant fiscal adjustments following international aid and the reinforcement of the electricity grid that we are carrying out, which have led us to a dangerous deficit. This budget seeks to reduce this deficit.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	18% 19%
Personal income tax: Medium earners	21% 22%
Personal income tax: High earners	30% 32%
Personal income tax: Elite earners	31% 32%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$2,556 $2,499	$1,045	20.1% 20.7%	$119.9bn $117.2bn
Retirement	$864	$1,890	6.8% 7.2%	$40.5bn
Healthcare	$3,160 $2,883	$2,397	24.8% 23.9%	$148.2bn $135.2bn
Education	$1,898	$1,652	14.9% 15.7%	$89.0bn
Housing	$588 $546	$606	4.6% 4.5%	$27.6bn $25.6bn
Justice, Police & Internal Security	$682	$683	5.4% 5.7%	$32.0bn
Defence	$224 $0	$827	1.8% 0.0%	$10.5bn $0.0bn
Environment & Climate	$245	$235	1.9% 2.0%	$11.5bn
Business Support	$313	$592	2.5% 2.6%	$14.7bn
Arts, Culture & Media	$324	$258	2.5% 2.7%	$15.2bn
Foreign Aid	$60 $4	$69	0.5% 0.0%	$2.8bn $0.2bn
Roads & Highways	$649	$386	5.1% 5.4%	$30.4bn
Public Transport & Rail	$519	$309	4.1% 4.3%	$24.3bn
Energy Infrastructure	$389	$234	3.1% 3.2%	$18.3bn
Ports & Airports	$260	$157	2.0% 2.1%	$12.2bn
Total			100.0%	$597.1bn $566.3bn

Vote tally

Senado

Passed

164Yes 0No 13Not voted 177 seats

For: 164 / 177 filled seats (92.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 13

Party	Seats	Vote	Reason
Alliance	97	Not voted
Costavela Democratic Union	0	Not voted
Costavela Workers' Front	12	Not voted
Revolutionary Socialist Union Proposer	164	Yes	No reason given
Solidarity Alliance	0	Not voted
Youth Of Costa	58	Not voted

Congress of Deputies

Passed

249Yes 0No 14Not voted 263 seats

For: 249 / 263 filled seats (94.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 14

Party	Seats	Vote	Reason
Alliance	108	Not voted
Costavela Democratic Union	0	Not voted
Costavela Workers' Front	25	Not voted
Revolutionary Socialist Union Proposer	249	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