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Bill: Malivia Fiscal Adjustment Expenditure Act 4288
Details
Submitted by[?]: Unity Labour Party
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: February 4289
Description[?]:
The Unity Labour Party propose to adjust the government's spending budget to better address the economic and social situation of the Free State of Malivia. |
Proposals
Article 1
Ministry | Current Budget | Old Budget | Propesed Budget |
Head of Government | 10,000,000 MCR | 100,000 MCR | 65,000 MCR |
Foreign Affairs | 100,000,000 MCR | 4,000,000,000 MCR | 3,500,000,000 MCR |
Internal Affairs | 5,600,000,000 MCR | 3,000,000,000 MCR | 2,500,000,000 MCR |
Finance | 2,550,000,000 MCR | 5,000,000,000 MCR | 4,200,000,000 MCR |
Defence | 2,500,000,000 MCR | 9,000,000,000 MCR | 7,100,000,000 MCR |
Justice | 8,000,000,000 MCR | 2,500,000,000 MCR | 2,200,000,000 MCR |
Infrastructure and Transport | 0 MCR | 40,000,000,000 MCR | 38,000,000,000 MCR |
Health and Social Services | 9,900,000,000 MCR | 18,000,000,000 MCR | 20,000,000,000 MCR |
Education and Culture | 1,500,000,000 MCR | 38,000,000,000 MCR | 26,000,000,000 MCR |
Science and Technology | 250,000,000 MCR | 24,000,000,000 MCR | 18,000,000,000 MCR |
Food and Agriculture | 1,500,000,000 MCR | 50,000,000,000 MCR | 43,000,000,000 MCR |
Environment and Tourism | 10,000,000 MCR | 53,000,000,000 MCR | 44,000,000,000 MCR |
Trade and Industry | 9,000,000,000 MCR | 49,000,000,000 MCR | 51,000,000,000 MCR |
Total | 40,920,000,000 MCR | 295,500,100,000 MCR | 259,500,065,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 18:09:14, October 16, 2017 CET | From | Unity Labour Party | To | Debating the Malivia Fiscal Adjustment Expenditure Act 4288 |
Message | Mr Speaker, as first female Finance Minister, I as a mother is feeling pained bringing this budget as an austerity package before parliament. Mr Speaker, my Prime Minister and government has proposed to lead the way in tightening our belts by cutting our own salaries as we notice here a vast reduction in salary for the PM and many more cuts save an except for Trade and Industry, which may help buffer the expected unemployment in the economy. These cuts are necessary so that our huge deficit, cause by the previous government to drastically decline along with our high staggering debt. I expect that if we allow this to pass, our deficit will be a mere 1 billion and also based on how the sectors in the productive economy behaves, it can result in a surplus. Mr Speaker, yes these measures are painful, but they're necessary. Sometimes we have to break eggs to make omelettes. |
Date | 18:11:00, October 16, 2017 CET | From | Fatherland Front | To | Debating the Malivia Fiscal Adjustment Expenditure Act 4288 |
Message | If the defense programs get completed (sooner or later) the operating costs of the defense ministry are going to be at least 8.5 billion notwithstanding any extraneous costs. |
Date | 19:32:52, October 16, 2017 CET | From | Unity Labour Party | To | Debating the Malivia Fiscal Adjustment Expenditure Act 4288 |
Message | Mr Speaker, These measures are merely temporary to fix the troubling issue of high deficit and debt. I can assure the Minister of defence and Malivians that once we enter a surplus budget of 10 billion plus, we will use 6 billion to repay our debts annually which now stands at 60+ billion so that within 10-15 years our debts will be repaid as we will not raise the debt ceiling nor engage in further borrowing. However, we will seek to do economic adjustments so that between now and next 5 years, we shift focus from having increased expenditures in social services such as education and health and divest funds into trade,defence and infrastructure to create jobs. |
Date | 15:31:40, October 17, 2017 CET | From | Wind of Change | To | Debating the Malivia Fiscal Adjustment Expenditure Act 4288 |
Message | Budget cuts? No thanks |
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Voting
Vote | Seats | |||||
yes | Total Seats: 169 | |||||
no | Total Seats: 0 | |||||
abstain |
Total Seats: 26 |
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