Growth, Jobs and Dignity Budget

Proposed by ASTER · Passed 6 Jun 2024

✅ Passed

Rationale

Fjordheim's economy is contracting and unemployment sits at 9.4 percent, yet our fiscal position has never been stronger: a AAA credit rating and debt at just 17 percent of GDP, far below the level that would raise our borrowing costs. Holding a surplus while people search for work is not prudence, it is neglect. This budget puts that fiscal space to work. It expands infrastructure and housing investment to create jobs directly, lifts education funding to build the workforce Fjordheim will need, strengthens social assistance to support families and demand, and ties new business support to retraining and green growth sectors. Tax rates remain untouched. This is not a burden placed on citizens, but a deliberate, affordable investment in Fjordheim's people and its future. Growth and dignity are not opposites; this budget is how we prove it.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 10%
Personal income tax: Medium earners 15%
Personal income tax: High earners 40%
Personal income tax: Elite earners 55%

Annual Spending

Category $ per capita Amount
Social Welfare $2,143 $2,500 $12.0bn $14.0bn
Retirement $5,000 $28.0bn
Healthcare $3,750 $21.0bn
Education $2,143 $2,857 $12.0bn $16.0bn
Housing $893 $1,071 $5.0bn $6.0bn
Justice, Police & Internal Security $786 $4.4bn
Defence $714 $4.0bn
Environment & Climate $304 $393 $1.7bn $2.2bn
Business Support $714 $893 $4.0bn $5.0bn
Arts, Culture & Media $304 $1.7bn
Foreign Aid $214 $250 $1.2bn $1.4bn
Roads & Highways $510 $702 $2.9bn $3.9bn
Public Transport & Rail $408 $561 $2.3bn $3.1bn
Energy Infrastructure $306 $421 $1.7bn $2.4bn
Ports & Airports $204 $281 $1.1bn $1.6bn
Total $103.0bn $114.7bn

Vote tally

Nordting

Passed
20Yes 0No 15Not voted 35 seats

For: 20 / 35 filled seats (57.1%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 15

Party Seats Vote
A Better Fjordheim 11 Not voted
ASTER Proposer 20 Yes
Democratic Liberal Platform 5 Not voted
Libertarian Alliance 19 Not voted

Voting record

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