Revised Budget 2020

Proposed by United Alliance Of Veridia · Passed 23 Feb 2021

✅ Passed

Rationale

Thus budget proposal cuts the spending's in well developed sectors and reduces the tax of citizens

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 45% 32%
Personal income tax: Medium earners 48% 37%
Personal income tax: High earners 53% 42%
Personal income tax: Elite earners 25%

Annual Spending

Category $ per capita Amount
Social Welfare $1,091 $3.6bn
Retirement $3,788 $3,030 $12.5bn $10.0bn
Healthcare $5,455 $3,030 $18.0bn $10.0bn
Education $2,121 $1,818 $7.0bn $6.0bn
Housing $909 $606 $3.0bn $2.0bn
Justice, Police & Internal Security $848 $697 $2.8bn $2.3bn
Defence $1,515 $1,061 $5.0bn $3.5bn
Environment & Climate $606 $303 $2.0bn $1.0bn
Business Support $424 $1.4bn
Arts, Culture & Media $273 $0.9bn
Foreign Aid $303 $121 $1.0bn $0.4bn
Roads & Highways $336 $357 $1.1bn $1.2bn
Public Transport & Rail $286 $0.9bn
Energy Infrastructure $214 $0.7bn
Ports & Airports $134 $143 $0.4bn $0.5bn
Total $60.3bn $44.4bn

Vote tally

National Assembly

Passed
20Yes 0No 0Not voted 20 seats

For: 20 / 20 filled seats (100.0%) — needs 50.0%

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

Party Seats Vote
Republic Of Veridia 20 Yes
Socialist Republican Workers League 36 Not voted
United Alliance Of Veridia Proposer 0 Yes

Voting record

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

Republic Of Veridia
Voted Feb. 23, 2021
Yes

“we support this as this budget proposal enhances the quality of life of the people”

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