Building a Stronger Sveria – Budget

Proposed by Modern Alliance Of Sveria · Passed 18 Dec 2019

✅ Passed

Rationale

Prepared by the Ministry of Finance, this budget reflects the government’s commitment to responsible economic management during a period of exceptional external expenditure. While temporary national investment programmes place additional pressure on the public finances, this budget prioritises long-term growth over short-term politics. By strengthening investment in infrastructure, supporting businesses, encouraging private investment through a more competitive tax system and maintaining essential public services, we are laying the foundations for higher productivity, stronger economic growth and better-paid jobs across Sveria. The modest reduction in retirement spending reflects recent structural reforms designed to improve the long-term sustainability of the pension system. This budget recognises that temporary deficits can be justified when they finance productive investment rather than permanent expansion of government. As exceptional costs diminish, the government remains fully committed to restoring stronger public finances and reducing the national debt over the long term.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 20%
Personal income tax: Medium earners 22%
Personal income tax: High earners 30%
Personal income tax: Elite earners 40% 38%

Annual Spending

Category $ per capita Amount
Social Welfare $1,048 $13.0bn
Retirement $2,823 $2,742 $35.0bn $34.0bn
Healthcare $2,419 $30.0bn
Education $2,000 $24.8bn
Housing $435 $5.4bn
Justice, Police & Internal Security $806 $10.0bn
Defence $774 $9.6bn
Environment & Climate $290 $3.6bn
Business Support $661 $685 $8.2bn $8.5bn
Arts, Culture & Media $274 $3.4bn
Foreign Aid $16 $0.2bn
Roads & Highways $461 $518 $5.7bn $6.4bn
Public Transport & Rail $369 $415 $4.6bn $5.1bn
Energy Infrastructure $276 $311 $3.4bn $3.9bn
Ports & Airports $184 $207 $2.3bn $2.6bn
Total $159.2bn $160.5bn

Vote tally

Union Parliament

Passed
277Yes 0No 199Not voted 476 seats

For: 277 / 476 filled seats (58.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 199

Party Seats Vote
Modern Alliance Of Sveria Proposer 277 Yes
National Development 122 Not voted
National Liberty League 206 Not voted
Sveria Socialists United 185 Not voted
Workers Democratic Alliance 0 Not voted

National Parliament

Passed
134Yes 0No 96Not voted 230 seats

For: 134 / 230 filled seats (58.3%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 96

Party Seats Vote
Modern Alliance Of Sveria Proposer 134 Yes
National Development 22 Not voted
National Liberty League 61 Not voted
Sveria Socialists United 65 Not voted
Workers Democratic Alliance 0 Not voted

Voting record

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