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Bill: Budget Proposal of June 4842
Details
Submitted by[?]: Democratic-Social 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: April 4843
Description[?]:
| The Democratic-Social Party propose to adjust the government's spending budget to better address the economic and social situation of the Federal Republic of Likatonia (Likatonia). |
Proposals
Article 1
| Ministry | Current Budget | Old Budget | Propesed Budget |
| Head of Government | 9,068,962 LIK | 20,000,000 LIK | 20,000,000 LIK |
| Foreign Affairs | 2,817,240,580 LIK | 1,000,000,000 LIK | 1,000,000,000 LIK |
| Internal Affairs | 12,022,066,087 LIK | 10,000,000,000 LIK | 10,000,000,000 LIK |
| Finance | 4,234,481,159 LIK | 1,000,000,000 LIK | 1,000,000,000 LIK |
| Defence | 21,703,443,478 LIK | 30,000,000,000 LIK | 38,000,000,000 LIK |
| Justice | 7,228,273,623 LIK | 1,000,000,000 LIK | 1,000,000,000 LIK |
| Infrastructure and Transport | 15,315,858,550 LIK | 10,000,000,000 LIK | 14,000,000,000 LIK |
| Health and Social Services | 30,856,547,246 LIK | 40,000,000,000 LIK | 60,000,000,000 LIK |
| Education and Culture | 16,468,962,319 LIK | 30,000,000,000 LIK | 40,000,000,000 LIK |
| Science and Technology | 7,575,169,855 LIK | 5,000,000,000 LIK | 5,000,000,000 LIK |
| Food and Agriculture | 8,081,377,391 LIK | 5,000,000,000 LIK | 5,000,000,000 LIK |
| Environment and Tourism | 5,557,929,275 LIK | 5,000,000,000 LIK | 5,000,000,000 LIK |
| Trade and Industry | 6,219,804,661 LIK | 5,000,000,000 LIK | 5,000,000,000 LIK |
| Total | 138,090,223,186 LIK | 143,020,000,000 LIK | 185,020,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 00:03:32, November 07, 2020 CET | From | Democratic-Social Party | To | Debating the Budget Proposal of June 4842 |
| Message | This spending bill was created taking two major factors into consideration: 1. The current income bracket for our government is at about 1900LIK, which means this budget increase will still leave us with a balanced budget and prevent our nation from going into debt. Also, we are expecting a corporate tax and luxury goods tax increase, which means we might have room to increase our education, justice, and food and agriculture spending. 2. Our country needs desperate funding in education, to allow our citizens to have access to higher quality education, as well as desperate investment into our public health sector to train more doctors, build more hospitals and clinics and better equip our country for any abrupt health crisis. We expect the Senate to support this bill and hope that we can agree on this spending bill for out country. Sec. Jamie Fitzgerald Secretary of Finance |
| Date | 00:05:02, November 07, 2020 CET | From | Democratic-Social Party | To | Debating the Budget Proposal of June 4842 |
| Message | This budget proposal was brought to the Senate Budget and Appropriations Committee and was approved by a simple majority of its members. Along with the Committee's approval, a recommendation to vote "yes" was issued. Sen. Jon Poole (WB) Budget and Appropriations Committee Chair |
| Date | 00:07:52, November 07, 2020 CET | From | Democratic-Social Party | To | Debating the Budget Proposal of June 4842 |
| Message | The Senate Finance Committee was contacted by the office of the Secretary of Finance to issue a brief detailing the effects of such drastic budget increases in our national economy and budget balance. The Committee hired an independent financial firm to direct that brief. The report details that the budget proposal will, naturally, create higher spending in our Health, Education, and Defense industries, but will not lead to higher inflation. Also, it concludes that our nation's budget balance will remain over the line, which means that we will not go into further debt. Sen. Constance Love (PD) Finance Committee Chair |
| Date | 00:09:28, November 07, 2020 CET | From | Democratic-Social Party | To | Debating the Budget Proposal of June 4842 |
| Message | Here is the distribution of the facts that support the thesis and conclusions provided by both, the Secretary of Finance and the independent financial firm hired by the Senate Finance Committee: http://classic.particracy.net/budget.php?nationid=17 |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 56 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 49 |
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