Budget 2020

Proposed by Republic Of Veridia · Passed 6 Jun 2020

✅ Passed

this budget proposal increases the income tax and raises the spending in essential departments like defence, healthcare and education and more

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	25% 45%
Personal income tax: Medium earners	25% 48%
Personal income tax: High earners	27% 53%
Personal income tax: Elite earners	25%

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,091	$1,046	7.9% 6.0%	$3.6bn
Retirement	$3,788	$1,951	27.4% 20.7%	$12.5bn
Healthcare	$2,697 $5,455	$2,389	19.5% 29.9%	$8.9bn $18.0bn
Education	$1,636 $2,121	$1,649	11.8% 11.6%	$5.4bn $7.0bn
Housing	$545 $909	$603	3.9% 5.0%	$1.8bn $3.0bn
Justice, Police & Internal Security	$667 $848	$682	4.8% 4.6%	$2.2bn $2.8bn
Defence	$939 $1,515	$827	6.8% 8.3%	$3.1bn $5.0bn
Environment & Climate	$576 $606	$235	4.2% 3.3%	$1.9bn $2.0bn
Business Support	$394 $424	$592	2.9% 2.3%	$1.3bn $1.4bn
Arts, Culture & Media	$273	$258	2.0% 1.5%	$0.9bn
Foreign Aid	$273 $303	$70	2.0% 1.7%	$0.9bn $1.0bn
Roads & Highways	$336	$386	2.4% 1.8%	$1.1bn
Public Transport & Rail	$268	$309	1.9% 1.5%	$0.9bn
Energy Infrastructure	$201	$234	1.5% 1.1%	$0.7bn
Ports & Airports	$134	$157	1.0% 0.7%	$0.4bn
Total			100.0%	$45.6bn $60.3bn

Passed

20Yes 0No 16Not voted 36 seats

For: 20 / 36 filled seats (55.6%) — needs 50.0%

Against: 0 · Abstained: 0 · Not voted: 16

Party	Seats	Vote	Reason
Republic Of Veridia Proposer	20	Yes	No reason given
Socialist Republican Workers League	36	Not voted

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

No votes cast yet.

Current budget Budget history