Defence Spending Budget

Proposed by National Social Ostwaldreich Labor · Passed 22 Oct 2024

✅ Passed

This budget will specifically raise defence spending to bring us in line with our goals as a global powerhouse and the leader of IRTO.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	0% 5%
Personal income tax: Medium earners	10% 15%
Personal income tax: High earners	35%
Personal income tax: Elite earners	50%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,531	$1,045	10.4% 9.5%	$15.0bn
Retirement	$1,378	$1,951	9.4% 8.5%	$13.5bn
Healthcare	$1,020	$2,397	7.0% 6.3%	$10.0bn
Education	$2,041	$1,649	13.9% 12.6%	$20.0bn
Housing	$510	$606	3.5% 3.2%	$5.0bn
Justice, Police & Internal Security	$918	$682	6.3% 5.7%	$9.0bn
Defence	$2,041 $3,571	$827	13.9% 22.1%	$20.0bn $35.0bn
Environment & Climate	$214	$241	1.5% 1.3%	$2.1bn
Business Support	$612	$592	4.2% 3.8%	$6.0bn
Arts, Culture & Media	$306	$255	2.1% 1.9%	$3.0bn
Foreign Aid	$714	$69	4.9% 4.4%	$7.0bn
Roads & Highways	$1,531	$385	10.4% 9.5%	$15.0bn
Public Transport & Rail	$1,020	$305	7.0% 6.3%	$10.0bn
Energy Infrastructure	$510	$232	3.5% 3.2%	$5.0bn
Ports & Airports	$306	$157	2.1% 1.9%	$3.0bn
Total			100.0%	$143.6bn $158.6bn

Passed

150Yes 0No 0Not voted 150 seats

For: 150 / 150 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
National Social Ostwaldreich Labor Proposer	150	Yes	No reason given

Passed

50Yes 0No 0Not voted 50 seats

For: 50 / 50 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
National Social Ostwaldreich Labor Proposer	50	Yes	No reason given

Passed

15Yes 0No 0Not voted 15 seats

For: 15 / 15 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
National Social Ostwaldreich Labor Proposer	15	Yes	No reason given

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Current budget Budget history