DPBR 654 AB: Difference between revisions
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(Created page with "'''WORK IN PROGRESS''' Public Secretary's Summary - ''General Comments'' ==The National Budget== Public Secretary's Summary - ''...'' ===The National Debt=== The National Debt stands at approximately '''₣ 746.45 Billion''' with a Debt/GDP ratio of '''93%'''.<br> Our predicted '''Deficit''' this year stands at approximately '''₣ 65.36 Billion'''.<br> This will '''increase''' the National Debt to approximately '''₣ 811.81 billion'''.<br> Our Sovereign Credit ratin...") |
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'''WORK IN PROGRESS''' |
'''WORK IN PROGRESS'''<br> |
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Public Secretary's Summary - |
Public Secretary's Summary -<br> |
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''General Comments'' |
''General Comments'' |
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Revision as of 02:02, 12 May 2023
WORK IN PROGRESS
Public Secretary's Summary -
General Comments
The National Budget
Public Secretary's Summary - ...
The National Debt
The National Debt stands at approximately ₣ 746.45 Billion with a Debt/GDP ratio of 93%.
Our predicted Deficit this year stands at approximately ₣ 65.36 Billion.
This will increase the National Debt to approximately ₣ 811.81 billion.
Our Sovereign Credit rating has been assessed by the World Bank as A.
Interest on the debt assessed at 1.91% and is expected to cost ₣ 14.28 Billion which represents 7.5% of annual expenditure.
Income Summary
Income Stream | Amount (in millions) | Diff. 651 AB |
---|---|---|
Income Tax | 60,440 | +8,480 |
Corporation Tax | 18,840 | +160 |
Payroll Tax | 16,120 | +16,120 |
Capital Gains Tax | 5,840 | +80 |
State Energy Co | 5,160 | +15,368 |
Land Value Tax | 5,040 | +40 |
Sales Tax | 3,932 | +28 |
Petrol Tax | 3,088 | +396 |
State Telecom Co | 1,960 | +1,960 |
Property Tax | 1,588 | +1,588 |
State Water Co | 1,008 | +3,156 |
Diverted Profits Tax | 956 | +956 |
Empty Homes Tax | 952 | -76 |
State Postal Service | 476 | +476 |
Alcohol Tax | 352 | -72 |
Luxury Tax | 96 | +96 |
Drug Tax | 64 | +8 |
Tobacco Tax* | 000 | 000 |
TOTAL INCOME | 125,912 | +36,408 |
Government Borrowing | 68,320 | -25,120 |
*Traceable tobacco usage appears to have bottomed out.
Expenditure Summary
Expenditure | Amount (in millions) | Diff. 651 AB |
---|---|---|
State Schools | 52,720 | -160 |
Debt Interest | 14,280 | +5,000 |
Military Spending | 12,000 | +680 |
Rail Funding | 10,560 | -80 |
State Pensions | 10,400 | -2,640 |
Social Care | 9,120 | -480 |
Bus Subsidies | 5,656 | -24 |
University Funding | 5,520 | +5,520 |
Mining Subsidies | 4,760 | +4,200 |
Police Force | 4,640 | 000 |
Agriculture Subsidies | 4,560 | -40 |
Rural Dev Grants | 4,560 | -40 |
Immigration Dept | 4,240 | +1,244 |
State Housing | 3,988 | 132 |
Disability Payments | 3,920 | -120 |
State Health Services | 3,784 | -12 |
Science Funding | 3,764 | -36 |
Road Building | 2,564 | -24 |
Business Grants | 2,480 | -20 |
Int'l Investment Credits | 2,404 | +2,404 |
Intelligence Services | 2,328 | -20 |
Tech Colleges | 1,928 | -20 |
Public Libraries | 1,704 | -136 |
Tech Grants | 1,580 | -12 |
All Other Expenses | 22,140 | +12,196 |
TOTAL EXPENSES | 195,600 | +12,640 |