Progressive budget adjustment

Rationale

This budget reflects our belief that sound public finances and social progress go hand in hand. We continue to keep taxes on low and middle earners below the international average, whilst asking those with the broadest shoulders to contribute a fairer share (still inferior to most countries'). The additional revenue strengthens our fiscal surplus (the lower the interests we pay, the lesser the tax burden for citizens) and is reinvested in the priorities that matter most: education, healthcare, social welfare, climate action, culture (especially considering Saxenheim's media and entertainment industry's the second biggest in the world) and international solidarity, whilst making very few, targeted savings. At the same time, we remain committed to a competitive, innovative economy. Thanks to reforms we championed, business support remains at 5.2% of GDP (which is well above the international average of 3.4%), ensuring that entrepreneurs and businesses continue to have the tools they need to grow, invest and create jobs. In particular, it is crucial that we keep supporting our automotive and technology sectors. It is a fiscally prudent, socially liberal and fiscally progressive budget that rewards work, encourages enterprise, protects public services and secures the country's long-term future. We want a society where every individual and company can prosper: the State will help them in any way possible, and in turn, we expect them to contribute their due share.