Efficiency in Economic Spending and Slight Reduction of Taxes to all

Proposed by National Thornreach Movement · Passed 10 Sep 2023

✅ Passed

This economic bill aims to reduce the tax burden on the populace while making the spending in the economy much more efficient

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	20% 19%
Personal income tax: Medium earners	26% 25%
Personal income tax: High earners	33% 32%
Personal income tax: Elite earners	30%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$392 $24	$1,046	4.0% 0.3%	$25.0bn $1.5bn
Retirement	$2,100 $705	$1,951	21.6% 8.2%	$134.0bn $45.0bn
Healthcare	$1,254 $1,489	$2,397	12.9% 17.3%	$80.0bn $95.0bn
Education	$1,097 $1,238	$1,652	11.3% 14.4%	$70.0bn $79.0bn
Housing	$235	$606	2.4% 2.7%	$15.0bn
Justice, Police & Internal Security	$486 $650	$682	5.0% 7.6%	$31.0bn $41.5bn
Defence	$1,254 $1,301	$827	12.9% 15.1%	$80.0bn $83.0bn
Environment & Climate	$157 $47	$241	1.6% 0.5%	$10.0bn $3.0bn
Business Support	$862	$592	8.9% 10.0%	$55.0bn
Arts, Culture & Media	$313	$258	3.2% 3.6%	$20.0bn
Foreign Aid	$0	$70	0.0%	$0.0bn
Roads & Highways	$560 $616	$385	5.8% 7.2%	$35.7bn $39.3bn
Public Transport & Rail	$448 $493	$305	4.6% 5.7%	$28.6bn $31.4bn
Energy Infrastructure	$336 $369	$232	3.5% 4.3%	$21.4bn $23.6bn
Ports & Airports	$224 $246	$157	2.3% 2.9%	$14.3bn $15.7bn
Total			100.0%	$620.0bn $548.0bn

Passed

100Yes 0No 0Not voted 100 seats

For: 100 / 100 filled seats (100.0%) — needs 50.0%

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

Party	Seats	Vote	Reason
Iron Crown	2	Not voted
National Thornreach Movement Proposer	100	Yes	No reason given
Parti Communiste Francophone De Thornreach	0	Not voted
Parti Socialiste	13	Not voted
Thornreach National Devlopment Alliance	0	Not voted

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