Stop the debt increase

Proposed by Liberal Center · Passed 6 Jul 2023

✅ Passed

Rationale

Following the Global Decision to establish a National AI Programme over the coming months, our national debt is increasing. For this reason, we have decided to cut certain expenditures and slightly raise taxes. ⚠️Once the programme comes to an end, the budget will return to the previous level

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 10% 14%
Personal income tax: Medium earners 18%
Personal income tax: High earners 30%
Personal income tax: Elite earners 38% 42%

Annual Spending

Category $ per capita Amount
Social Welfare $1,220 $80.0bn
Retirement $2,134 $1,982 $140.0bn $130.0bn
Healthcare $3,354 $3,049 $220.0bn $200.0bn
Education $1,829 $120.0bn
Housing $610 $40.0bn
Justice, Police & Internal Security $915 $60.0bn
Defence $1,372 $1,067 $90.0bn $70.0bn
Environment & Climate $305 $20.0bn
Business Support $915 $60.0bn
Arts, Culture & Media $274 $18.0bn
Foreign Aid $91 $152 $6.0bn $10.0bn
Roads & Highways $599 $490 $39.3bn $32.1bn
Public Transport & Rail $479 $392 $31.4bn $25.7bn
Energy Infrastructure $359 $294 $23.6bn $19.3bn
Ports & Airports $240 $196 $15.7bn $12.9bn
Total $964.0bn $898.0bn

Vote tally

National Assembly

Passed
40Yes 0No 33Not voted 73 seats

For: 40 / 73 filled seats (54.8%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 33

Party Seats Vote
Democratic Socialist Of The Northsea 16 Not voted
Liberal Center Proposer 40 Yes
Northsea National Union 18 Not voted
The Northsea Rally 35 Not voted

Voting record

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