New Sveria Budgeting Policy

Proposed by Liberal Sveria · Passed 25 May 2020

✅ Passed

Rationale

As we move towards a State that aims at bettering services, and our engagement with society, we plan on bringing Sveria into a path that fosters a safety-net to protect, and more.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	20% 21%
Personal income tax: Medium earners	23% 25%
Personal income tax: High earners	32% 33%
Personal income tax: Elite earners	38%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,016 $1,452	$1,045	7.5% 9.6%	$12.6bn $18.0bn
Retirement	$2,782	$1,890	20.7% 18.5%	$34.5bn
Healthcare	$2,355 $3,145	$2,389	17.5% 20.9%	$29.2bn $39.0bn
Education	$1,976	$1,649	14.7% 13.1%	$24.5bn
Housing	$605 $806	$603	4.5% 5.4%	$7.5bn $10.0bn
Justice, Police & Internal Security	$847	$682	6.3% 5.6%	$10.5bn
Defence	$806 $645	$831	6.0% 4.3%	$10.0bn $8.0bn
Environment & Climate	$290 $403	$235	2.2% 2.7%	$3.6bn $5.0bn
Business Support	$742 $968	$593	5.5% 6.4%	$9.2bn $12.0bn
Arts, Culture & Media	$347	$255	2.6% 2.3%	$4.3bn
Foreign Aid	$48	$69	0.4% 0.3%	$0.6bn
Roads & Highways	$588	$385	4.4% 3.9%	$7.3bn
Public Transport & Rail	$470	$305	3.5% 3.1%	$5.8bn
Energy Infrastructure	$353	$232	2.6% 2.3%	$4.4bn
Ports & Airports	$235	$157	1.7% 1.6%	$2.9bn
Total			100.0%	$166.9bn $186.8bn

Vote tally

Union Parliament

Passed

412Yes 0No 308Not voted 720 seats

For: 412 / 720 filled seats (57.2%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 308

Party	Seats	Vote	Reason
Liberal Sveria Proposer	412	Yes	No reason given
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

200Yes 0No 149Not voted 349 seats

For: 200 / 349 filled seats (57.3%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 149

Party	Seats	Vote	Reason
Liberal Sveria Proposer	200	Yes	No reason given
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

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

No votes cast yet.

Current budget Budget history