Loi de Finances 2019

Proposed by Renaissance · Passed 4 Feb 2019

✅ Passed

Rationale

This budget increases taxes slightly while delivering massive improvements on welfare, education, healthcare and infrastructure, while maintaining a healthy surplus.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	20%
Personal income tax: Medium earners	25% 26%
Personal income tax: High earners	28% 32%
Personal income tax: Elite earners	35% 38%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$743 $1,114	$1,046	6.9% 9.6%	$50.0bn $75.0bn
Retirement	$2,080	$1,951	19.3% 17.9%	$140.0bn
Healthcare	$2,276 $2,377	$2,397	21.2% 20.4%	$153.2bn $160.0bn
Education	$1,486 $1,634	$1,652	13.8% 14.1%	$100.0bn $110.0bn
Housing	$669 $698	$606	6.2% 6.0%	$45.0bn $47.0bn
Justice, Police & Internal Security	$594 $639	$683	5.5%	$40.0bn $43.0bn
Defence	$817 $921	$827	7.6% 7.9%	$55.0bn $62.0bn
Environment & Climate	$227	$241	2.1% 2.0%	$15.3bn
Business Support	$520 $416	$593	4.8% 3.6%	$35.0bn $28.0bn
Arts, Culture & Media	$227	$258	2.1% 2.0%	$15.3bn
Foreign Aid	$227 $251	$69	2.1% 2.2%	$15.3bn $16.9bn
Roads & Highways	$318 $371	$386	3.0% 3.2%	$21.4bn $25.0bn
Public Transport & Rail	$255 $297	$309	2.4% 2.6%	$17.1bn $20.0bn
Energy Infrastructure	$191 $223	$234	1.8% 1.9%	$12.9bn $15.0bn
Ports & Airports	$127 $149	$157	1.2% 1.3%	$8.6bn $10.0bn
Total			100.0%	$724.1bn $782.5bn

Vote tally

Senate

Passed

194Yes 0No 154Not voted 348 seats

For: 194 / 348 filled seats (55.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 154

Party	Seats	Vote	Reason
Free Trade Alliance	62	Yes	No reason given
Libertary Front	46	Not voted
Liquid Democrats	53	Not voted
Lysenne Reform League	0	Not voted
Monarchists	16	Not voted
New Centre	0	Not voted
Renaissance Proposer	132	Yes	No reason given

National Assembly

Passed

356Yes 0No 221Not voted 577 seats

For: 356 / 577 filled seats (61.7%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 221

Party	Seats	Vote	Reason
Free Trade Alliance	108	Yes	No reason given
Libertary Front	96	Not voted
Liquid Democrats	70	Not voted
Lysenne Reform League	0	Not voted
Monarchists	33	Not voted
New Centre	0	Not voted
Renaissance Proposer	248	Yes	No reason given

Voting record

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

No votes cast yet.

Current budget Budget history