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Bill: Budget proposal of September 2761 and "Deficit Spending Control Act, 2761"

Details

Submitted by[?]: Liberaldemokratische Allianz

Status[?]: passed

Votes: This bill proposes to change the allocation of funds in the budget. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.

Voting deadline: May 2762

Description[?]:

The Christliche Liberalen Allianz propose to adjust the government's spending budget to better address the economic and social situation of the Imperial Crownlands of Greater Hulstria.

--AND--

Be it enacted upon the Emperor's most Illustrious and Lutheran Majesty, by and with the advice and consent of the representatives of the people of Greater Hulstria, in this present Imperial Diet assembled:

An Act to establish deficit spending and repayment limits


ARTICLE I - Short title and etc.


1) This Act may be cited as the Deficit Spending Control Act, 2761.
2) This Act shall come into force immediately upon the approval of the Imperial Diet.

ARTICLE II -
1) The Imperial Diet shall not approve deficit spending that exceeds one-half percent (.5%) of gross domestic product.
2) Any budget that includes deficit spending must include spending of at least ten percent (10%) of the deficit amount dedicated to the Finance Ministry for the purpose of payment of government debt.
3) Should the Minister of Finance determine the Imperial Crownlands of Greater Hulstria to be in a state of economic emergency, the Minister may submit a budget decreasing debt financing in Section 2 to no lower than two percent (2%).
4) Should the Minister of Finance determine the Imperial Crownlands of Greater Hulstria to be a in state of economic emergency, the Minister may submit a budget with deficit spending that may not exceed three-quarters percent (.75%) of gross domestic product.

Proposals

Debate

These messages have been posted to debate on this bill:

Date00:54:02, May 26, 2009 CET
From Konstitutionelle Monarchie Partei
ToDebating the Budget proposal of September 2761 and "Deficit Spending Control Act, 2761"
MessageThis is absurd.

subscribe to this discussion - unsubscribe

Voting

Vote Seats
yes
 

Total Seats: 368

no

    Total Seats: 0

    abstain
       

    Total Seats: 357


    Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved.

    Random quote: "To punish the oppressors of humanity is clemency; to forgive them is barbarity." - Maximilien Robespierre

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