The Better Future Investment Budget — 2021

· Passed 18 Mar 2021

✅ Passed

Rationale

The Better Future Coalition's 2021 budget is built on a simple principle: Costavela should invest in the future without sacrificing fiscal responsibility today. We are not proposing reckless spending or higher taxes. We are redirecting resources toward the areas that can expand opportunity and improve everyday life for working people. 1. We increase investment in infrastructure and transport, because strong roads, reliable transport and modern infrastructure are foundations for economic growth, employment and productivity. 2.We increase housing investment so that more people can access secure, affordable homes while supporting the long-term expansion of housing supply. 3. We maintain strong support for healthcare, retirement and essential social protection while making welfare spending more targeted and sustainable. 4. We maintain strong support for healthcare, retirement and essential social protection while making welfare spending more targeted and sustainable.We keep the overall spending envelope unchanged and do not rely on reckless borrowing or tax increases to finance our priorities. This is not a budget for bigger government for its own sake. It is a budget for better government. BFC believes that Costavela's resources should produce tangible results: better infrastructure, more homes, stronger communities and greater economic opportunity. Build more. Invest smarter. Secure the future.

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%
Personal income tax: High earners 25%
Personal income tax: Elite earners 28%

Annual Spending

Category $ per capita Amount
Social Welfare $2,499 $2,307 $117.2bn $108.2bn
Retirement $864 $40.5bn
Healthcare $2,883 $135.2bn
Education $1,898 $89.0bn
Housing $546 $610 $25.6bn $28.6bn
Justice, Police & Internal Security $682 $32.0bn
Defence $320 $15.0bn
Environment & Climate $245 $11.5bn
Business Support $401 $18.8bn
Arts, Culture & Media $324 $15.2bn
Foreign Aid $4 $0.2bn
Roads & Highways $381 $434 $17.9bn $20.4bn
Public Transport & Rail $305 $347 $14.3bn $16.3bn
Energy Infrastructure $228 $260 $10.7bn $12.2bn
Ports & Airports $152 $174 $7.1bn $8.1bn
Total $550.2bn $551.2bn

Vote tally

Senado

Passed
154Yes 0No 67Not voted 221 seats

For: 154 / 221 filled seats (69.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 67

Party Seats Vote
Alliance 97 Not voted
Costavela Democratic Union 0 Not voted
Costavela Workers' Front 12 Not voted
Liberal Union 154 Yes
Revolutionary Socialist Union 45 Not voted
Solidarity Alliance 0 Not voted
Youth Of Costa 58 Not voted

Congress of Deputies

Passed
189Yes 0No 100Not voted 289 seats

For: 189 / 289 filled seats (65.4%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 100

Party Seats Vote
Alliance 108 Not voted
Costavela Democratic Union 0 Not voted
Costavela Workers' Front 25 Not voted
Liberal Union 189 Yes
Revolutionary Socialist Union 49 Not voted
Solidarity Alliance 0 Not voted
Youth Of Costa 88 Not voted

Voting record

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

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