Fiscal Accountability & Inclusive Recovery Budget (FAIR)

Proposed by Progressive Democratic Union · Passed 24 May 2024

✅ Passed

Rationale

FAIR aims to deliver a budget that would reduce the tax burden on our poorest, fulfill the requirements outlined by the IMF, along with hiking spending in Human Capital and Social Services, with the aim of stimulating the economy and ensure that we can deliver prosperity for the citizens of Drumagh long into the future.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 51% 49%
Personal income tax: Medium earners 56% 55%
Personal income tax: High earners 61%
Personal income tax: Elite earners 40% 61%

Annual Spending

Category $ per capita Amount
Social Welfare $128 $385 $1.0bn $3.0bn
Retirement $128 $385 $1.0bn $3.0bn
Healthcare $321 $449 $2.5bn $3.5bn
Education $641 $1,282 $5.0bn $10.0bn
Housing $321 $2.5bn
Justice, Police & Internal Security $385 $3.0bn
Defence $385 $282 $3.0bn $2.2bn
Environment & Climate $0 $0.0bn
Business Support $1,346 $1,090 $10.5bn $8.5bn
Arts, Culture & Media $64 $0.5bn
Foreign Aid $0 $0.0bn
Roads & Highways $229 $1.8bn
Public Transport & Rail $183 $1.4bn
Energy Infrastructure $137 $1.1bn
Ports & Airports $92 $0.7bn
Total $34.0bn $41.2bn

Vote tally

The People’s Assembly

Passed
74Yes 0No 65Not voted 139 seats

For: 74 / 139 filled seats (53.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 65

Party Seats Vote
Centralist Unity 38 Not voted
Distributists 20 Not voted
Drumagh Civic Alliance 34 Yes
Freedom Alliance 22 Not voted
Frente De Izquierda Y Trabajadores 4 Not voted
New Morning Movement 58 Not voted
Progressive Democratic Union Proposer 40 Yes

First Council of Ministers

Passed
37Yes 0No 33Not voted 70 seats

For: 37 / 70 filled seats (52.9%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 33

Party Seats Vote
Centralist Unity 19 Not voted
Distributists 10 Not voted
Drumagh Civic Alliance 17 Yes
Freedom Alliance 11 Not voted
Frente De Izquierda Y Trabajadores 2 Not voted
New Morning Movement 29 Not voted
Progressive Democratic Union Proposer 20 Yes

Voting record

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

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