2024 'Embrace the Deficit' Budget

Proposed by Sveria Socialists United · Passed 13 Dec 2024

✅ Passed

Rationale

It is time that the Sverian state finally provides for its people, without having to worry about budgetary constraints! For a long time, the governments of Sveria have been averse to having a deficit budget as a result of strict adherence to Surplurian economics. This has come at the cost of the ordinary Sverian. The SSU, in its new government, reject this absolutely! We will provide for our people, even if it sends us into deficit, as that is the primary duty of the state! We will enact some form of wealth redistribution, taxing high and elite earners more of their long-awaited due while also reducing the burden on middle and low income. This deficit will be temporary, as when the AI project expires, the budget shall go into surplus. However we cannot wait anymore. The people of Sveria demand this!

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 17% 10%
Personal income tax: Medium earners 22% 20%
Personal income tax: High earners 27% 35%
Personal income tax: Elite earners 36% 45%

Annual Spending

Category $ per capita Amount
Social Welfare $605 $1,089 $7.5bn $13.5bn
Retirement $1,145 $1,952 $14.2bn $24.2bn
Healthcare $2,306 $6,903 $28.6bn $85.6bn
Education $1,250 $1,653 $15.5bn $20.5bn
Housing $403 $645 $5.0bn $8.0bn
Justice, Police & Internal Security $669 $685 $8.3bn $8.5bn
Defence $524 $6.5bn
Environment & Climate $282 $3.5bn
Business Support $0 $0.0bn
Arts, Culture & Media $0 $258 $0.0bn $3.2bn
Foreign Aid $0 $81 $0.0bn $1.0bn
Roads & Highways $360 $387 $4.5bn $4.8bn
Public Transport & Rail $288 $403 $3.6bn $5.0bn
Energy Infrastructure $216 $234 $2.7bn $2.9bn
Ports & Airports $144 $161 $1.8bn $2.0bn
Total $101.6bn $189.2bn

Vote tally

Union Parliament

Passed
372Yes 328No 0Not voted 700 seats

For: 372 / 700 filled seats (53.1%) — needs 50.0%

Against: 328 · Abstained: 0 · Not voted: 0

Party Seats Vote
National Development 122 No
National Liberty League 206 No
Sveria Socialists United Proposer 185 Yes
Workers Democratic Alliance 187 Yes

National Parliament

Passed
117Yes 83No 0Not voted 200 seats

For: 117 / 200 filled seats (58.5%) — needs 50.0%

Against: 83 · Abstained: 0 · Not voted: 0

Party Seats Vote
National Development 22 No
National Liberty League 61 No
Sveria Socialists United Proposer 65 Yes
Workers Democratic Alliance 52 Yes

Voting record

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

Yes

“The WDA also rejects the economic priorities represented by the NLL and National Development. In our view, their approach too often puts the interests of large financial institutions and wealthy interests ahead of working people. Our government should not be designed around protecting the powerful; it should be designed around giving ordinary citizens greater economic security and a stronger voice in their own future. The Workers Democratic Alliance has reviewed the proposed budget and will vote YES. This budget asks less from low and middle-income workers while asking more from those with the greatest ability to contribute. It invests in healthcare, education, housing, retirement, and social welfare while strengthening our public services. A small deficit can be justified when it finances vital public investment and strengthens services that improve people's lives. Long Live Sacred Sveria!”

“This Budget is complete failure! The Debt will increase, Taxes are increased and the satisfaction will reach its lowest in history. Allthough we think we cant ignore the voters, we need to earase our Debt first, so we can actually Invest in things.”

National Development
Voted Dec. 9, 2024
No

“We do not support the proposal because it would lead to an astronomical level of public debt.”

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