Ministry of Commerce & Labour Budget Adjustment Resolution (657)

Ministry of Commerce & Labour Budget Adjustment Resolution (657)

ACTIONED on ## month ####, ## Aye, ## Nay, ## Abstain.

This resolution adjusts the Ministry of Commerce and Labour budget to alleviate burden on the ongoing debt crisis that the Most Serene Republic of Kodiak is facing as of 657. The aim of this resolution is to spread the burden of reductions across different departments and initiatives in order to shield important economy boosting policies from severe reductions to funding.

Preamble

BE IT RESOLVED BY THE GENERAL ASSEMBLY OF THE MOST SERENE REPUBLIC OF KODIAK

RECOGNISING that the Kodiak Economy faces an unprecedented debt crisis and requires a redeployment of existing funds across Ministry portfolios.

RESOLVES to reduce current expenditures in the Commerce and Labour portfolio while shielding economy-building policies from major reversals of policy and funds.

ACCEPTS that budget reductions across all ministry portfolios are a necessity to reverse economic downfall and avert a financial disaster.

BELIEVING that the economy can and shall recover and in a more fiscally sound time we shall once again have the capacity to invest in the people of The Kodiak Republic.

HEREBY amends…

Amendments

Amendment to The Business Competition Act (Inter)

Article 1 - Competition Law

Original
1.3 - The Business Arbitration Court shall be quarterly funded with ₣7,950,000.

Amended
1.3 - The Business Arbitration Court shall be quarterly funded with ₣5,950,000.

Article 2 - Entrepreneurial Aide Agency

Original
2.2 - Funds ₣43,000,000 quarterly to the Ministry of Commerce for the administration of the BBC.

2.3 - Funds ₣782,000,000 quarterly to the Better Business Council for government grants.

Amended
2.2 - Funds ₣23,000,000 quarterly to the Ministry of Commerce for the administration of the BBC

2.3 - Funds ₣626,000,000 quarterly to the Better Business Council for government grants.

The Regional Development Act (630)

Article 1 - Regional and Rural Community Development

Original
1.5 - These development grants and subsidies will be allotted a quarterly budget of ₣1,250,000,000.

Amended
1.5 - These development grants and subsidies will be allotted a quarterly budget of ₣1,000,000,000.

Article 2 - Agricultural Security and Development

Original
2.5 - These agricultural grants and subsidies will be allotted a quarterly budget of ₣1,250,000,000.

Amended
2.5 - These agricultural grants and subsidies will be allotted a quarterly budget of ₣1,000,000,000.

Mining & Energy Expansion Act (651)

Article 1

Original
1.2 - A total of 1,200 million florins shall be allocated quarterly by the Ministry of Commerce to fund these mining subsidies.

1.4 - A total of 243 million florins shall be allocated quarterly by the Ministry of Commerce to fund renewable energy subsidies.

Amended
1.2 - A total of 950 million florins shall be allocated quarterly by the Ministry of Commerce to fund these mining subsidies.

1.4 - A total of 193 million florins shall be allocated quarterly by the Ministry of Commerce to fund renewable energy subsidies.

Reconstruction Incentive Scheme, 650

Article 7 – Funding

Original
7.1 - The Reconstruction Incentive Scheme is to be funded at 50,000,000 Florins per quarter.

Amended
7.1 - The Reconstruction Incentive Scheme is to be funded at 25,000,000 Florins per quarter.

Authorised and proposed by Charlotte C. C. Groves, Minister of Commerce & Labour, Kodiak Workers’ Party