The Growth and Reserve Budget

Proposed by Liberal Platform · Passed 11 Oct 2024

✅ Passed

Rationale

Wëlstere's recovery is real: GDP per capita has surpassed pre-crisis levels, unemployment is falling, and the debt-to-GDP ratio keeps improving. This budget turns that momentum into lasting strength. It cuts income tax for low- and middle-income workers again, asks the country's wealthiest, whose fortunes are least tied to daily labor, to contribute a larger share, and grows the surplus further to keep paying down the national debt and protect our AAA credit rating. It raises investment in education, business support, roads, and the energy grid — the same industries our own laws are already accelerating — while building a genuine stock of national infrastructure for the next generation, not just patching what wears out. A country that was last in the world is proving it can lead.

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

Annual Taxes

Earning band Tax rate
Personal income tax: Low earners 20% 18%
Personal income tax: Medium earners 22% 20%
Personal income tax: High earners 25%
Personal income tax: Elite earners 30% 38%

Annual Spending

Category $ per capita Amount
Social Welfare $750 $0.6bn
Retirement $3,250 $2.6bn
Healthcare $2,375 $2,000 $1.9bn $1.6bn
Education $2,000 $2,250 $1.6bn $1.8bn
Housing $375 $0.3bn
Justice, Police & Internal Security $750 $0.6bn
Defence $1,000 $0.8bn
Environment & Climate $250 $0.2bn
Business Support $500 $625 $0.4bn $0.5bn
Arts, Culture & Media $125 $0.1bn
Foreign Aid $125 $0.1bn
Roads & Highways $446 $625 $0.4bn $0.5bn
Public Transport & Rail $375 $0.3bn
Energy Infrastructure $268 $375 $0.2bn $0.3bn
Ports & Airports $125 $0.1bn
Total $10.2bn $10.4bn

Vote tally

Federal Chamber

Passed
31Yes 0No 0Not voted 31 seats

For: 31 / 31 filled seats (100.0%) — needs 50.0%

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

Party Seats Vote
La Voie Rouge 0 Not voted
Liberal Platform Proposer 31 Yes
Union Communiste De Wëlstere 0 Not voted

Voting record

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