Temporary budget changes

Proposed by Union And National Renewal · Passed 23 Aug 2024

✅ Passed

Deep tax reforms are necessary to reduce the debt more easily; however, these reforms are intended to be temporary.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	8%
Personal income tax: Medium earners	20% 22%
Personal income tax: High earners	30% 32%
Personal income tax: Elite earners	37% 39%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,000	$1,046	8.1% 7.6%	$1.0bn
Retirement	$1,600	$1,951	12.9% 12.2%	$1.6bn
Healthcare	$2,400	$2,389	19.4% 18.3%	$2.4bn
Education	$4,000 $4,300	$1,649	32.3% 32.8%	$4.0bn $4.3bn
Housing	$500	$606	4.0% 3.8%	$0.5bn
Justice, Police & Internal Security	$400	$683	3.2% 3.1%	$0.4bn
Defence	$300 $500	$831	2.4% 3.8%	$0.3bn $0.5bn
Environment & Climate	$200 $300	$235	1.6% 2.3%	$0.2bn $0.3bn
Business Support	$1,000	$592	8.1% 7.6%	$1.0bn
Arts, Culture & Media	$200 $100	$258	1.6% 0.8%	$0.2bn $0.1bn
Foreign Aid	$0	$70	0.0%	$0.0bn
Roads & Highways	$286 $357	$386	2.3% 2.7%	$0.3bn $0.4bn
Public Transport & Rail	$229 $286	$309	1.8% 2.2%	$0.2bn $0.3bn
Energy Infrastructure	$214	$234	1.4% 1.6%	$0.2bn
Ports & Airports	$143	$157	0.9% 1.1%	$0.1bn
Total			100.0%	$12.4bn $13.1bn

Passed

24Yes 0No 23Not voted 47 seats

For: 24 / 47 filled seats (51.1%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 23

Party	Seats	Vote	Reason
Bier Für Holzminden	22	Not voted
The Representatief Of The Voters	14	Not voted
Union And National Renewal Proposer	24	Yes	No reason given

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