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Bill: Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381
Details
Submitted by[?]: Alleanza Radicale - NCD
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 4383
Description[?]:
| Simone Calenda, Minister of Finance: "Mr Speaker, MPs, the Government hereby present this financial law, a reform of the budgetary law which has no precedent for almost a century. With this proposal the Government will increase the national budget of 10.500.000.000 LIS. With this program will be definitively covered the numberous welfare reforms which were introduced by this Government (and also previously under the previous governments). This is a general overview of the reforms introduced and to be introduced: Fiscal reforms: income tax increase: 6.476.052.797 luxury tax increase: 4.233.528.417 corporation tax increase: 578.028.515 Total fiscal income increase: 11.287.609.729 Budgetary increases: Foreign: 500.000.000 Military: 1.000.000.000 Infrastructure: 2.000.000.000 Health: 4.000.000.000 Education: 1.500.000.000 Food: 1.500.000.000 Total budgetary increase: 11.287.609.729 Now, to explain this important budgetary reform: The infrastructure provisions will graant a recapitalization for the SNFS so to allow the State TOC to rent the rail networks from the private TOCs (current owner of 91% of the rail natworks) and to start the construction of its own networks. Obviously, it was provided also important funds for the reconstruction of Angona and all the infrastructures destroyed in the area. The Health and Social provisions, as mentioned, will cover the important reforms in the welfare and will increase the quality of the national services for our citizens. The Education provisions, like the previous, will cover the new needs of the public education. The Foreign Affairs provisions will adeguate the budgetary efforts to the committment of Istalia internationally and especially into the Majatran Alliance. The funds graant to the Food and Agriculture will graant important subsides for the agricultural Sector, a measure to defend the istalian productions from the foreign ones, a measures which goes toward the farmers and those who defend their positions. Finally, the provisions for the Military, will allow the beginning of a rennovation program which will interest mainly the Navy: due to the current situation, the Navy will see the reduction of the current fregates which will be replaced by more modern vessels but in lesser number while will be expanded the submarine fleet. The Strategic submarines will be rennowed, also with a new type of ballistic missile, while the a new class of attack submarine will be introduced and which will replace also the oldest units. Alongside a new main attack submarine will be introduced electric multipurpose units. Finally, the budgetary surpluss will be used for the Investments of the Istalian Sovereign Fund and for the Deposits and Consignments Fund (DCF). Important ammounts from the revenues of the Sovereign Fund will be redirect to the DCF so to increase the domestic Investments. The ANVEAC, newly introduced, will start a national consultations round open to all the largest companies to identify strategic and benefical investment in national companies so to help the strategic decisions of DCF to reach the best outcomes for the domestic economy. Confident in the fiscal multiplier effect of this important reforms which initial incremental amount of spending can lead to increased income and hence increased consumption spending, increasing income further and hence further increasing consumption, etc., resulting in an overall increase in national income greater than the initial incremental amount of spending, I hereby present this reform. The increase in the taxation, of course, will decrease the effect of the multiplier, but the major outcome of the Investments, which are equal to the tax increase, will remain positive with benefical effect for all the country. Thank you" |
Proposals
Article 1
| Ministry | Current Budget | Old Budget | Propesed Budget |
| Head of Government | 250,000,000 LIS | 150,000,000 LIS | 150,000,000 LIS |
| Foreign Affairs | 5,000,000,000 LIS | 6,500,000,000 LIS | 7,000,000,000 LIS |
| Internal Affairs | 45,000,000,000 LIS | 6,000,000,000 LIS | 6,000,000,000 LIS |
| Finance | 1,300,000,000 LIS | 1,950,000,000 LIS | 1,950,000,000 LIS |
| Defence | 10,000,000,000 LIS | 26,000,000,000 LIS | 27,000,000,000 LIS |
| Justice | 7,500,000,000 LIS | 6,000,000,000 LIS | 6,000,000,000 LIS |
| Infrastructure and Transport | 1,850,000,000 LIS | 13,000,000,000 LIS | 15,000,000,000 LIS |
| Health and Social Services | 2,137,500,000 LIS | 31,000,000,000 LIS | 35,000,000,000 LIS |
| Education and Culture | 21,375,000,000 LIS | 26,000,000,000 LIS | 27,500,000,000 LIS |
| Science and Technology | 20,000,000,000 LIS | 18,500,000,000 LIS | 18,500,000,000 LIS |
| Food and Agriculture | 5,000,000,000 LIS | 5,000,000,000 LIS | 6,500,000,000 LIS |
| Environment and Tourism | 1,000,000,000 LIS | 4,000,000,000 LIS | 4,000,000,000 LIS |
| Trade and Industry | 1,150,000,000 LIS | 16,000,000,000 LIS | 16,000,000,000 LIS |
| Total | 121,562,500,000 LIS | 160,100,000,000 LIS | 170,600,000,000 LIS |
Debate
These messages have been posted to debate on this bill:
| Date | 12:06:29, April 22, 2018 CET | From | Partito degli Agricoltori - NCD | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Mr. Speaker, We are happy to see the subsidies going up for F&A. Yet we think the raise in all kind of taxes -corperate, luxury and personall- will nullify or even not break even with the 1.5bn increase. |
| Date | 12:13:10, April 22, 2018 CET | From | Alleanza Radicale - NCD | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Simone Calenda: "Mr Speaker, to responde to the collegues of PRI, we have to underline that all the fiscal reforms introduced didn't interested only the agricultural Sector but all the economy and the citizens. We think that the increase on the agrifood ministry will be adeguate to match the needs of our farmers." |
| Date | 12:15:05, April 22, 2018 CET | From | Nuova Unione | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Sante Vespa-Baldassare, ULD Secretary May I ask, what is the reasoning behind the increase in spending for infrastructure? |
| Date | 12:21:32, April 22, 2018 CET | From | Alleanza Radicale - NCD | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Simone Calenda: "We explained the needs for Infrastructure: earthquate reconstruction and public TOC needs." |
| Date | 12:25:35, April 22, 2018 CET | From | Nuova Unione | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Sante Vepsa-Baldassare, ULD Secretary Shouldn't Mezzodiurno have increased funds for Infrastructure, then? I am sure that the local government will be more fit to help the victims than the central one. |
| Date | 14:17:31, April 22, 2018 CET | From | PRO - Cittadini Progressisti | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Maurizio de Fiore, LdC Party Leader: Mr Speaker, We would like to have mr. Calenda explain why he thinks that the public money invested in the MA is not lost, but needs to be invested in disaster relief in Angona; could be combined with even MORE spending to the same organisation? *Holds newspaper http://forum.particracy.net/viewtopic.php?p=132144#p132144*' Thank you. |
| Date | 19:14:18, April 22, 2018 CET | From | Partito Sociale Democratico | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Maria Bertolini, Minister of Infrastructure and Transport Mr. Speaker, Thank you for the allocation of funds to our department, so that we can finance the national train system's rental and building program, and rebuild the infrastructure in Angona. Thank you. |
| Date | 19:58:28, April 22, 2018 CET | From | Alleanza Radicale - NCD | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Simone Calenda: "Mr Speaker, We are allocating a billion for the reconstruction. The money invested in the MA are really invested. For the future the MA Natural disaster Fund could be used to face such disasters! Invest today to have more money in the future. We think to our next generations!" |
| Date | 22:40:26, April 22, 2018 CET | From | PRO - Cittadini Progressisti | To | Debating the Budget proposal of February 4381/Legge Finanziaria del Febbraio 4381 |
| Message | Maurizio de Fiore: Mr Speaker, The minister argues that MA funds are not a waste and asks the MA for assistance in disaster relief, while also confirming the Istalian Republic is its biggest payer. Then WHY does he want more Istalian taxpayer money for the same organisation?! Don't they need to aid Istalia first? Dont we already pay enough? Thank you. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 272 | ||||
| no |
Total Seats: 233 | ||||
| abstain | Total Seats: 0 |
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