Business growth budget

Proposed by New Peoples’ Alliance · Passed 17 Jun 2023

✅ Passed

promote business growth and self reliance in our population

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	15% 17%
Personal income tax: Medium earners	20% 22%
Personal income tax: High earners	35% 33%
Personal income tax: Elite earners	45% 34%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,107 $820	$1,046	8.6% 7.0%	$27.0bn $20.0bn
Retirement	$2,869 $2,377	$1,951	22.4% 20.2%	$70.0bn $58.0bn
Healthcare	$2,541 $2,254	$2,397	19.8% 19.2%	$62.0bn $55.0bn
Education	$1,680	$1,652	13.1% 14.3%	$41.0bn
Housing	$656	$606	5.1% 5.6%	$16.0bn
Justice, Police & Internal Security	$205 $820	$683	1.6% 7.0%	$5.0bn $20.0bn
Defence	$861 $1,025	$831	6.7% 8.7%	$21.0bn $25.0bn
Environment & Climate	$1,230 $0	$241	9.6% 0.0%	$30.0bn $0.0bn
Business Support	$328 $820	$592	2.6% 7.0%	$8.0bn $20.0bn
Arts, Culture & Media	$287	$258	2.2% 2.4%	$7.0bn
Foreign Aid	$41 $0	$70	0.3% 0.0%	$1.0bn $0.0bn
Roads & Highways	$366	$386	2.9% 3.1%	$8.9bn
Public Transport & Rail	$293	$309	2.3% 2.5%	$7.1bn
Energy Infrastructure	$220	$234	1.7% 1.9%	$5.4bn
Ports & Airports	$146	$157	1.1% 1.2%	$3.6bn
Total			100.0%	$313.0bn $287.0bn

Passed

300Yes 0No 0Not voted 300 seats

For: 300 / 300 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
New Peoples’ Alliance Proposer	300	Yes	No reason given
Republicans	60	Not voted
Solonia Reform League	0	Not voted
Unity League	146	Not voted

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