Debt Reduction Plan

· Passed 19 Oct 2022

✅ Passed

Rationale

This plan will set us on a track to eliminate our National Debt by 2030, while raising defence spending to reflect public demand.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 25%
Personal income tax: Medium earners 25% 30%
Personal income tax: High earners 25% 40%
Personal income tax: Elite earners 25% 50%

Annual Spending

Category $ per capita Amount
Social Welfare $1,077 $1,037 $51.9bn $50.0bn
Retirement $3,770 $1,556 $181.7bn $75.0bn
Healthcare $2,693 $1,037 $129.8bn $50.0bn
Education $1,616 $519 $77.9bn $25.0bn
Housing $539 $104 $26.0bn $5.0bn
Justice, Police & Internal Security $672 $207 $32.4bn $10.0bn
Defence $942 $3,112 $45.4bn $150.0bn
Environment & Climate $270 $104 $13.0bn $5.0bn
Business Support $405 $0 $19.5bn $0.0bn
Arts, Culture & Media $270 $0 $13.0bn $0.0bn
Foreign Aid $270 $104 $13.0bn $5.0bn
Roads & Highways $336 $148 $16.2bn $7.1bn
Public Transport & Rail $269 $119 $13.0bn $5.7bn
Energy Infrastructure $202 $89 $9.7bn $4.3bn
Ports & Airports $135 $59 $6.5bn $2.9bn
Total $649.0bn $395.0bn

Vote tally

Senate

Failed
0Yes 117No 128Not voted 245 seats

For: 0 / 245 filled seats (0.0%) — needs 50.0%

Against: 117 · Abstained: 0 · Not voted: 128

Party Seats Vote
Anarchist League 117 No
Democratic Union 117 Not voted
Progressive Future 70 Not voted
Red Alliance 13 Not voted

National Assembly

Failed
0Yes 78No 85Not voted 163 seats

For: 0 / 163 filled seats (0.0%) — needs 50.0%

Against: 78 · Abstained: 0 · Not voted: 85

Party Seats Vote
Anarchist League 78 No
Democratic Union 65 Not voted
Progressive Future 94 Not voted
Red Alliance 0 Not voted

Voting record

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

Anarchist League
Voted Oct. 19, 2022
No

“This budget will still pass, but any good anarchist must still vote against such a proposal.”

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