economy reform act

· Passed 22 Sep 2018

✅ Passed

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	21% 20%
Personal income tax: Medium earners	25%
Personal income tax: High earners	29% 35%
Personal income tax: Elite earners	34% 40%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,222 $1,430	$1,045	8.1% 8.5%	$119.6bn $140.0bn
Retirement	$4,275 $4,903	$1,890	28.5% 29.1%	$418.5bn $480.0bn
Healthcare	$3,053 $3,473	$2,389	20.3% 20.6%	$298.9bn $340.0bn
Education	$1,832 $2,451	$1,649	12.2% 14.5%	$179.4bn $240.0bn
Housing	$611 $817	$603	4.1% 4.8%	$59.8bn $80.0bn
Justice, Police & Internal Security	$763 $787	$683	5.1% 4.7%	$74.7bn $77.0bn
Defence	$966 $21	$831	6.4% 0.1%	$94.6bn $2.1bn
Environment & Climate	$305 $1,021	$235	2.0% 6.1%	$29.9bn $100.0bn
Business Support	$458 $562	$592	3.0% 3.3%	$44.8bn $55.0bn
Arts, Culture & Media	$203	$255	1.4% 1.2%	$19.9bn
Foreign Aid	$152 $10	$70	1.0% 0.1%	$14.9bn $1.0bn
Roads & Highways	$418	$385	2.8% 2.5%	$40.9bn
Public Transport & Rail	$334	$305	2.2% 2.0%	$32.7bn
Energy Infrastructure	$251	$232	1.7% 1.5%	$24.6bn
Ports & Airports	$167	$157	1.1% 1.0%	$16.4bn
Total			100.0%	$1,469.6bn $1,649.6bn

Passed

26Yes 0No 10Not voted 36 seats

For: 26 / 36 filled seats (72.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 10

Party	Seats	Vote	Reason
Javoscan Social Alliance "future"	27	Not voted
National Front Of Javosca	64	Not voted
Peoples Progressional Front	51	Not voted
Red Green Labor	26	Yes	No reason given

Passed

236Yes 0No 92Not voted 328 seats

For: 236 / 328 filled seats (72.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 92

Party	Seats	Vote	Reason
Javoscan Social Alliance "future"	61	Not voted
National Front Of Javosca	141	Not voted
Peoples Progressional Front	113	Not voted
Red Green Labor	236	Yes	No reason given

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