Budget to save the financial balance

Proposed by National League For Freedom And Democracy · Passed 31 Dec 2020

✅ Passed

Rationale

Unfortunately, and it pains me to say this, we have to make a budget correction because we have huge expenses to save the bankers, so if we do nothing, we will have a large debt again.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 15% 16%
Personal income tax: Medium earners 16% 18%
Personal income tax: High earners 27% 29%
Personal income tax: Elite earners 28% 34%

Annual Spending

Category $ per capita Amount
Social Welfare $1,066 $948 $90.0bn $80.0bn
Retirement $2,962 $2,547 $250.0bn $215.0bn
Healthcare $2,370 $2,251 $200.0bn $190.0bn
Education $1,659 $1,540 $140.0bn $130.0bn
Housing $592 $50.0bn
Justice, Police & Internal Security $711 $60.0bn
Defence $889 $75.0bn
Environment & Climate $237 $20.0bn
Business Support $1,777 $1,659 $150.0bn $140.0bn
Arts, Culture & Media $355 $30.0bn
Foreign Aid $24 $2.0bn
Roads & Highways $516 $474 $43.6bn $40.0bn
Public Transport & Rail $413 $379 $34.9bn $32.0bn
Energy Infrastructure $310 $284 $26.1bn $24.0bn
Ports & Airports $206 $190 $17.4bn $16.0bn
Total $1,189.0bn $1,104.0bn

Vote tally

Bundesrat

Passed
39Yes 4No 26Not voted 69 seats

For: 39 / 69 filled seats (56.5%) — needs 50.0%

Against: 4 · Abstained: 0 · Not voted: 26

Party Seats Vote
Civic Platform 5 Not voted
Conservatist Liberal Alliance 0 No
Liberal Union 20 Yes
National League For Freedom And Democracy Proposer 15 Yes
National People's Front 4 Yes
Rhineland Social Front 12 Not voted
Socialists And Democrats 16 Not voted
The Christian Democrats 11 Not voted
United Working Families 4 No

Bundestag

Passed
332Yes 0No 294Not voted 626 seats

For: 332 / 626 filled seats (53.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 294

Party Seats Vote
Civic Platform 68 Not voted
Conservatist Liberal Alliance 0 No
Liberal Union 117 Yes
National League For Freedom And Democracy Proposer 177 Yes
National People's Front 38 Yes
Rhineland Social Front 115 Not voted
Socialists And Democrats 54 Not voted
The Christian Democrats 131 Not voted
United Working Families 0 No

Voting record

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

Liberal Union
Voted Dec. 5, 2020
Yes

“I guess it is necessary, the tax cuts will have to wait”

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