Budget of Northsea

Tax, spending, and the annual surplus or deficit they produce.

Annual Budget

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National debt decreases by $10.4bn a year ($0.9bn a month)

Earning band	Tax rate	Avg for peers	Tax take
Personal income tax: Low earners	14%	16.4%	$46.0bn
Personal income tax: Medium earners	16%	22.6%	$246.9bn
Personal income tax: High earners	29%	35.0%	$551.8bn
Personal income tax: Elite earners	34%	41.1%	$164.8bn
Total			$1,009.6bn

Category	$ per capita		% of budget		Our Country budget
Category	Our Country	Peers	Our Country	Peers	Our Country budget
Category	% of budget	Budget
Social Welfare	$305	$1,045	3.0%	8.6%	$20.0bn
Retirement	$762	$1,952	7.4%	16.7%	$50.0bn
Healthcare	$2,389	$2,388	23.2%	19.1%	$156.7bn
Education	$1,601	$1,652	15.5%	13.9%	$105.0bn
Housing	$595	$606	5.8%	5.5%	$39.0bn
Justice, Police & Internal Security	$915	$676	8.9%	7.4%	$60.0bn
Defence	$1,524	$827	14.8%	7.7%	$100.0bn
Environment & Climate	$244	$235	2.4%	2.0%	$16.0bn
Business Support	$457	$593	4.4%	5.9%	$30.0bn
Arts, Culture & Media	$0	$258	0.0%	2.1%	$0.0bn
Foreign Aid	$0	$70	0.0%	0.8%	$0.0bn
Roads & Highways	$544	$385	5.3%	3.6%	$35.7bn
Public Transport & Rail	$436	$305	4.2%	2.9%	$28.6bn
Energy Infrastructure	$326	$232	3.2%	2.2%	$21.4bn
Ports & Airports	$218	$157	2.1%	1.5%	$14.3bn
Total Budgeted Spending			100.0%		$676.7bn
Budget as a % of tax take					67.0%
Decision expenditure: National AI programme		Decision expenditure: National AI programme				$316.8bn
Total after exceptional items		Total after exceptional items				$993.5bn

How tax, interest, and borrowing feed spending categories — hover a bar for the annual figure.