Fiscal Responsibility Budget
Proposed by Valmoirean National Coalition · Passed 24 May 2018
Rationale
To lessen the amount of debt our Grand Duchy will acquire year-by-year, we propose cutting back on government spending. Moreover, we propose the creation of a graduated tax rate and an average decrease in the tax rate of most citizens, thereby stimulating the economy.
Figures show the previous budget where they changed the new value.
Annual Spending
| Category | $ per capita | Amount | |
|---|---|---|---|
| Social Welfare | $1,147 $882 | $3.9bn $3.0bn | |
| Retirement | $4,029 $3,529 | $13.7bn $12.0bn | |
| Healthcare | $2,882 $2,647 | $9.8bn $9.0bn | |
| Education | $1,735 $1,559 | $5.9bn $5.3bn | |
| Housing | $588 | $2.0bn | |
| Justice, Police & Internal Security | $735 | $2.5bn | |
| Defence | $1,000 $882 | $3.4bn $3.0bn | |
| Environment & Climate | $294 $147 | $1.0bn $0.5bn | |
| Business Support | $441 $294 | $1.5bn $1.0bn | |
| Arts, Culture & Media | $294 | $1.0bn | |
| Foreign Aid | $294 $0 | $1.0bn $0.0bn | |
| Roads & Highways | $357 $315 | $1.2bn $1.1bn | |
| Public Transport & Rail | $286 $252 | $1.0bn $0.9bn | |
| Energy Infrastructure | $214 $189 | $0.7bn $0.6bn | |
| Ports & Airports | $143 $126 | $0.5bn $0.4bn | |
| Total | $49.1bn $42.3bn |
Vote tally
Ducal Council
Passed
51Yes
0No
51Not voted
102 seats
For: 51 / 102 filled seats (50.0%) — needs 50.0%
Against: 0 · Abstained: 0 · Not voted: 51
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Moderate Conservative Union | 10 | Not voted | |
| Socialist Worker's Union | 40 | Not voted | |
| The Radical Radicalist Excursion | 22 | Not voted | |
| Valmoire Worker`s Congres | 30 | Not voted | |
| Valmoirean National Coalition Proposer | 51 | Yes | No reason given |