New National Budget

Proposed by National Democratic Movement · Passed 17 Feb 2022

✅ Passed

Rationale

We need to earn more money to repay the debt: at this rate the debt will be repaid in 4 years, and with my budget it will be repaid in only 2 years. People want to invest more in defense so we do it And what is so much money used for in retirement?

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 15%
Personal income tax: Medium earners 18% 19%
Personal income tax: High earners 29% 31%
Personal income tax: Elite earners 32% 31%

Annual Spending

Category $ per capita Amount
Social Welfare $1,066 $50.0bn
Retirement $2,697 $1,493 $126.5bn $70.0bn
Healthcare $2,563 $120.2bn
Education $2,115 $2,239 $99.2bn $105.0bn
Housing $674 $31.6bn
Justice, Police & Internal Security $682 $810 $32.0bn $38.0bn
Defence $320 $853 $15.0bn $40.0bn
Environment & Climate $247 $213 $11.6bn $10.0bn
Business Support $533 $25.0bn
Arts, Culture & Media $213 $10.0bn
Foreign Aid $2 $0 $0.1bn $0.0bn
Roads & Highways $435 $20.4bn
Public Transport & Rail $348 $16.3bn
Energy Infrastructure $261 $12.2bn
Ports & Airports $174 $8.2bn
Total $578.3bn $556.9bn

Vote tally

Senado

Passed
132Yes 31No 77Not voted 240 seats

For: 132 / 240 filled seats (55.0%) — needs 50.0%

Against: 31 · Abstained: 0 · Not voted: 77

Party Seats Vote
Alliance 97 Not voted
Christian Conservative Alliance 16 Yes
Costavela Democratic Union 0 Not voted
Costavela Workers' Front 12 Not voted
National Democratic Movement Proposer 65 Yes
National Union Of Costavela 51 Yes
Revolutionary Socialist Union 31 No
Solidarity Alliance 0 Not voted
Youth Of Costa 58 Not voted

Congress of Deputies

Passed
134Yes 29No 51Not voted 214 seats

For: 134 / 214 filled seats (62.6%) — needs 50.0%

Against: 29 · Abstained: 0 · Not voted: 51

Party Seats Vote
Alliance 108 Not voted
Christian Conservative Alliance 0 Yes
Costavela Democratic Union 0 Not voted
Costavela Workers' Front 25 Not voted
National Democratic Movement Proposer 83 Yes
National Union Of Costavela 51 Yes
Revolutionary Socialist Union 29 No
Solidarity Alliance 0 Not voted
Youth Of Costa 88 Not voted

Voting record

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

Yes

“This budget is very good; it spends less on pensions and strengthens the country's defense. We hope to repay the debt as soon as possible.”

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