Economic Growth Budget

Proposed by National Democratic Congress · Passed 25 Dec 2019

✅ Passed

Balance the books and growth.

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	33% 32%
Personal income tax: Elite earners	39% 35%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$2,210 $1,113	$1,046	14.7% 7.9%	$145.0bn $73.0bn
Retirement	$3,277	$1,951	21.8% 23.2%	$215.0bn
Healthcare	$2,820	$2,397	18.7% 20.0%	$185.0bn
Education	$1,753	$1,652	11.6% 12.4%	$115.0bn
Housing	$686	$606	4.6% 4.9%	$45.0bn
Justice, Police & Internal Security	$915	$682	6.1% 6.5%	$60.0bn
Defence	$915	$827	6.1% 6.5%	$60.0bn
Environment & Climate	$396	$235	2.6% 2.8%	$26.0bn
Business Support	$610 $762	$593	4.0% 5.4%	$40.0bn $50.0bn
Arts, Culture & Media	$274	$258	1.8% 1.9%	$18.0bn
Foreign Aid	$69	$70	0.5%	$4.5bn
Roads & Highways	$408	$385	2.7% 2.9%	$26.8bn
Public Transport & Rail	$327	$305	2.2% 2.3%	$21.4bn
Energy Infrastructure	$245	$232	1.6% 1.7%	$16.1bn
Ports & Airports	$163	$157	1.1% 1.2%	$10.7bn
Total			100.0%	$988.5bn $926.5bn

Passed

55Yes 0No 45Not voted 100 seats

For: 55 / 100 filled seats (55.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 45

Party	Seats	Vote	Reason
Democratic Socialist Of The Northsea	16	Not voted
Liberal Center	31	Not voted
National Democratic Congress Proposer	55	Yes	No reason given
Northsea National Union	18	Not voted
The Northsea Rally	35	Not voted

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