Interim Budget

Proposed by Patriots Of Veridia · Passed 31 Mar 2022

✅ Passed

Rationale

We need to get out of debt. For that we decrease our spendings radically. But on the other side we needed to decrease taxes also. Until our economy is better we need this.

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

Annual Taxes

Earning band	Tax rate
Personal income tax: Low earners	32% 20%
Personal income tax: Medium earners	37% 25%
Personal income tax: High earners	42% 35%
Personal income tax: Elite earners	25% 35%

Annual Spending

Category	$ per capita	Peers	% of budget	Amount
Social Welfare	$1,091 $758	$1,046	8.1%	$3.6bn $2.5bn
Retirement	$3,030 $1,818	$1,951	22.5% 19.5%	$10.0bn $6.0bn
Healthcare	$3,030 $1,818	$2,389	22.5% 19.5%	$10.0bn $6.0bn
Education	$1,818 $1,515	$1,649	13.5% 16.2%	$6.0bn $5.0bn
Housing	$606 $545	$603	4.5% 5.8%	$2.0bn $1.8bn
Justice, Police & Internal Security	$697 $606	$682	5.2% 6.5%	$2.3bn $2.0bn
Defence	$1,061 $758	$827	7.9% 8.1%	$3.5bn $2.5bn
Environment & Climate	$303 $152	$235	2.3% 1.6%	$1.0bn $0.5bn
Business Support	$424 $455	$592	3.2% 4.9%	$1.4bn $1.5bn
Arts, Culture & Media	$273 $121	$258	2.0% 1.3%	$0.9bn $0.4bn
Foreign Aid	$121 $30	$70	0.9% 0.3%	$0.4bn $0.1bn
Roads & Highways	$357 $271	$386	2.7% 2.9%	$1.2bn $0.9bn
Public Transport & Rail	$286 $216	$309	2.1% 2.3%	$0.9bn $0.7bn
Energy Infrastructure	$214 $162	$234	1.6% 1.7%	$0.7bn $0.5bn
Ports & Airports	$143 $108	$157	1.1% 1.2%	$0.5bn $0.4bn
Total			100.0%	$44.4bn $30.8bn

Vote tally

National Assembly

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
Patriots Of Veridia Proposer	20	Yes	No reason given
Socialist Republican Workers League	36	Not voted

Voting record

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Current budget Budget history