New Budget Act of 2024

“​"As a party committed to economic growth, fiscal discipline, and commercial prosperity, we strongly endorse this budget proposal. By significantly scaling back entitlement spending and streamline non-essential expenditures, this plan reduces the state's fiscal burden and expands our annual surplus from $7.8bn to $16.4bn. A stronger sovereign balance sheet enhances national creditworthiness, controls public debt servicing costs, and creates the fiscal runway needed for future tax relief that directly stimulates private enterprise and investment.”

“The Centre Progressive party votes NO on the New Budget Act of 2024. While maintaining fiscal responsibility is important, this proposal achieves a surplus at the severe expense of our citizens' well-being. Deep cuts to essential public services—including a $6bn reduction in state pensions, $2.3bn from healthcare, $600m from social welfare, and $400m from education—will disproportionately harm low- and middle-income families, elderly residents, and vulnerable groups. Redirecting these critical resources primarily to generate an excessive $16.4bn surplus while weakening public infrastructure and safety nets undermines social stability and economic equity. We remain open to balanced budget adjustments that prioritize infrastructure, security, and prudent fiscal policy without dismantling the vital health, educational, and retirement support systems our nation relies on.”

“a higher available budget gives us a higher flexibility on future laws and proposals. A future cut tax would also be available thanks to this”