Budget Proposal by PPA

· Passed 20 Aug 2017

✅ Passed

Rationale

This budget proposal prioritizes a balanced approach to national development, utilizing a strategic increase in elite-tier taxation to fund essential public services and infrastructure. By carefully scaling expenditures in high-impact sectors, the government maintains a robust annual surplus of $64.0bn, ensuring fiscal stability while reinvesting in the nation's future. By accepting a manageable reduction in the annual surplus—from $77.8bn down to $64.0bn—the nation is effectively converting idle capital into tangible assets in the form of better schools, cleaner energy, and modern infrastructure. This strategy strengthens the nation's competitive position globally while safeguarding the well-being of its citizens.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	15%
Personal income tax: Medium earners	25%
Personal income tax: High earners	32%
Personal income tax: Elite earners	34% 38%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,038 $1,067	$1,046	8.4% 8.1%	$68.1bn $70.0bn
Retirement	$3,125 $3,232	$1,951	25.2% 24.4%	$205.0bn $212.0bn
Healthcare	$2,637 $2,744	$2,397	21.3% 20.7%	$173.0bn $180.0bn
Education	$1,524 $1,677	$1,652	12.3% 12.7%	$100.0bn $110.0bn
Housing	$610 $686	$606	4.9% 5.2%	$40.0bn $45.0bn
Justice, Police & Internal Security	$649 $686	$682	5.2%	$42.6bn $45.0bn
Defence	$838 $884	$827	6.8% 6.7%	$55.0bn $58.0bn
Environment & Climate	$236 $396	$235	1.9% 3.0%	$15.5bn $26.0bn
Business Support	$358 $427	$593	2.9% 3.2%	$23.5bn $28.0bn
Arts, Culture & Media	$229	$258	1.8% 1.7%	$15.0bn
Foreign Aid	$152	$70	1.2%	$10.0bn
Roads & Highways	$354 $381	$385	2.9%	$23.2bn $25.0bn
Public Transport & Rail	$283 $305	$305	2.3%	$18.6bn $20.0bn
Energy Infrastructure	$212 $229	$232	1.7%	$13.9bn $15.0bn
Ports & Airports	$142 $152	$157	1.1% 1.2%	$9.3bn $10.0bn
Total			100.0%	$812.7bn $869.0bn

Vote tally

National Assembly

Failed

0Yes 0No 56Not voted 56 seats

For: 0 / 56 filled seats (0.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 56

Party	Seats	Vote
Democratic Socialist Of The Northsea	16	Not voted
Liberal Center	31	Not voted
Northsea National Union	18	Not voted
The Northsea Rally	35	Not voted

Voting record

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Current budget Budget history