Budget Reform for 2022

Proposed by Patriots · Passed 10 Jan 2022

✅ Passed

Rationale

Tax cuts for low-income earners and high-income earners are a core component of the budget. Then a few more minor adjustments were made and the defense budget was doubled.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	15% 10%
Personal income tax: Medium earners	25%
Personal income tax: High earners	32% 30%
Personal income tax: Elite earners	35%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,113 $1,067	$1,045	7.9% 7.3%	$73.0bn $70.0bn
Retirement	$3,277	$1,952	23.2% 22.5%	$215.0bn
Healthcare	$2,820 $2,744	$2,388	20.0% 18.8%	$185.0bn $180.0bn
Education	$1,753 $1,829	$1,652	12.4% 12.6%	$115.0bn $120.0bn
Housing	$686 $610	$606	4.9% 4.2%	$45.0bn $40.0bn
Justice, Police & Internal Security	$915	$676	6.5% 6.3%	$60.0bn
Defence	$915 $1,829	$827	6.5% 12.6%	$60.0bn $120.0bn
Environment & Climate	$396 $305	$235	2.8% 2.1%	$26.0bn $20.0bn
Business Support	$762 $610	$593	5.4% 4.2%	$50.0bn $40.0bn
Arts, Culture & Media	$274	$258	1.9%	$18.0bn
Foreign Aid	$69 $46	$70	0.5% 0.3%	$4.5bn $3.0bn
Roads & Highways	$408 $381	$385	2.9% 2.6%	$26.8bn $25.0bn
Public Transport & Rail	$327 $305	$305	2.3% 2.1%	$21.4bn $20.0bn
Energy Infrastructure	$245 $229	$232	1.7% 1.6%	$16.1bn $15.0bn
Ports & Airports	$163 $152	$157	1.2% 1.0%	$10.7bn $10.0bn
Total			100.0%	$926.5bn $956.0bn

Vote tally

National Assembly

Failed

0Yes 0No 47Not voted 47 seats

For: 0 / 47 filled seats (0.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 47

Party	Seats	Vote	Reason
Democratic Socialist Of The Northsea	16	Not voted
Liberal Center	31	Not voted
Northsea National Union	18	Not voted
Patriots Proposer	0	Yes	No reason given
The Northsea Rally	35	Not voted

Voting record

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

No votes cast yet.

Current budget Budget history