Deficit Reduction Act

Proposed by Paleolibertarian Alliance · Passed 16 Aug 2023

✅ Passed

This is a temporary measure to avoid running a deficit due to the national AI program

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	16%
Personal income tax: Medium earners	22%
Personal income tax: High earners	32% 33%
Personal income tax: Elite earners	37% 47%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$2,663 $1,332	$1,046	15.2% 8.6%	$200.0bn $100.0bn
Retirement	$2,770 $2,663	$1,890	15.8% 17.3%	$208.0bn $200.0bn
Healthcare	$3,176 $2,929	$2,389	18.2% 19.0%	$238.5bn $220.0bn
Education	$1,691	$1,649	9.7% 11.0%	$127.0bn
Housing	$1,045 $799	$603	6.0% 5.2%	$78.5bn $60.0bn
Justice, Police & Internal Security	$1,047	$682	6.0% 6.8%	$78.6bn
Defence	$839	$831	4.8% 5.4%	$63.0bn
Environment & Climate	$266 $133	$241	1.5% 0.9%	$20.0bn $10.0bn
Business Support	$559	$593	3.2% 3.6%	$42.0bn
Arts, Culture & Media	$692	$255	4.0% 4.5%	$52.0bn
Foreign Aid	$67	$70	0.4%	$5.0bn
Roads & Highways	$951	$385	5.4% 6.2%	$71.4bn
Public Transport & Rail	$761	$305	4.4% 4.9%	$57.1bn
Energy Infrastructure	$571	$232	3.3% 3.7%	$42.9bn
Ports & Airports	$380	$157	2.2% 2.5%	$28.6bn
Total			100.0%	$1,312.6bn $1,157.6bn

Passed

96Yes 0No 54Not voted 150 seats

For: 96 / 150 filled seats (64.0%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 54

Party	Seats	Vote	Reason
Liberal-Republican Movement	54	Yes	We support change and the new economic processes that open the door to new tools for progress and becoming a more advanced nation; we vote yes.
Paleolibertarian Alliance Proposer	42	Yes	No reason given
Velinor Social Nationals	0	Not voted

Passed

181Yes 0No 179Not voted 360 seats

For: 181 / 360 filled seats (50.3%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 179

Party	Seats	Vote	Reason
Liberal-Republican Movement	94	Yes	We support change and the new economic processes that open the door to new tools for progress and becoming a more advanced nation; we vote yes.
Paleolibertarian Alliance Proposer	87	Yes	No reason given
Velinor Social Nationals	0	Not voted

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

Voted June 20, 2023

Yes

“We support change and the new economic processes that open the door to new tools for progress and becoming a more advanced nation; we vote yes.”

Current budget Budget history