Reducing our deficit, recovering our economy transition package

Proposed by Libertarian Alliance · Passed 2 Sep 2024

✅ Passed

Rationale

These changes are needed to promise our citizens a decrease in tax dollars, reduced government and of course decrease our deficit. The first months will be hard but this will help us reach our goals in the long term.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 10% 5%
Personal income tax: Medium earners 15% 5%
Personal income tax: High earners 40% 5%
Personal income tax: Elite earners 55% 62%

Annual Spending

Category $ per capita Amount
Social Welfare $2,500 $750 $14.0bn $4.2bn
Retirement $5,000 $1,429 $28.0bn $8.0bn
Healthcare $3,750 $2,500 $21.0bn $14.0bn
Education $2,857 $1,607 $16.0bn $9.0bn
Housing $1,071 $536 $6.0bn $3.0bn
Justice, Police & Internal Security $786 $339 $4.4bn $1.9bn
Defence $714 $357 $4.0bn $2.0bn
Environment & Climate $393 $143 $2.2bn $0.8bn
Business Support $893 $393 $5.0bn $2.2bn
Arts, Culture & Media $304 $143 $1.7bn $0.8bn
Foreign Aid $250 $0 $1.4bn $0.0bn
Roads & Highways $702 $325 $3.9bn $1.8bn
Public Transport & Rail $561 $260 $3.1bn $1.5bn
Energy Infrastructure $421 $195 $2.4bn $1.1bn
Ports & Airports $281 $130 $1.6bn $0.7bn
Total $114.7bn $51.0bn

Vote tally

Nordting

Passed
19Yes 5No 11Not voted 35 seats

For: 19 / 35 filled seats (54.3%) — needs 50.0%

Against: 5 · Abstained: 0 · Not voted: 11

Party Seats Vote
A Better Fjordheim 11 Not voted
Democratic Liberal Platform 5 No
Libertarian Alliance Proposer 19 Yes

Voting record

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

No

“This budget is quite disastrous. Harsh cuts everywhere without a plan and lowering the tax intake so radically, it’s not responsible at all.”

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