Fiscal Responsibility and Growth Budget

Proposed by Modern Alliance Of Sveria · Passed 19 Oct 2018

✅ Passed

Rationale

This budget marks the beginning of a new direction for Sveria. It restores fiscal responsibility by eliminating the annual deficit while protecting essential public services. We lower taxes for low-income workers, ask those with the greatest means to contribute slightly more, strengthen law enforcement, support business investment, and prioritize infrastructure that drives long-term economic growth. Fiscal discipline is not the end goal—it is the foundation. Once Sveria's finances have fully recovered, we will have the resources to invest even more in the areas that matter most: welfare, infrastructure, and public safety. By restoring economic stability today, we create the capacity to build a stronger, safer, and more prosperous Sveria for generations to come.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 25% 22%
Personal income tax: Medium earners 25%
Personal income tax: High earners 25% 27%
Personal income tax: Elite earners 25% 32%

Annual Spending

Category $ per capita Amount
Social Welfare $1,097 $1,048 $13.6bn $13.0bn
Retirement $3,831 $3,750 $47.5bn $46.5bn
Healthcare $2,734 $2,581 $33.9bn $32.0bn
Education $1,637 $1,645 $20.3bn $20.4bn
Housing $548 $484 $6.8bn $6.0bn
Justice, Police & Internal Security $685 $726 $8.5bn $9.0bn
Defence $960 $565 $11.9bn $7.0bn
Environment & Climate $274 $226 $3.4bn $2.8bn
Business Support $411 $427 $5.1bn $5.3bn
Arts, Culture & Media $274 $242 $3.4bn $3.0bn
Foreign Aid $274 $177 $3.4bn $2.2bn
Roads & Highways $346 $4.3bn
Public Transport & Rail $276 $3.4bn
Energy Infrastructure $207 $2.6bn
Ports & Airports $138 $1.7bn
Total $169.7bn $159.2bn

Vote tally

Union Parliament

Passed
429Yes 0No 291Not voted 720 seats

For: 429 / 720 filled seats (59.6%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 291

Party Seats Vote
Modern Alliance Of Sveria Proposer 429 Yes
National Development 122 Not voted
National Liberty League 206 Not voted
Sveria Socialists United 185 Not voted
Workers Democratic Alliance 187 Not voted

National Parliament

Passed
208Yes 0No 141Not voted 349 seats

For: 208 / 349 filled seats (59.6%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 141

Party Seats Vote
Modern Alliance Of Sveria Proposer 208 Yes
National Development 22 Not voted
National Liberty League 61 Not voted
Sveria Socialists United 65 Not voted
Workers Democratic Alliance 52 Not voted

Voting record

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