A possible budget for Term X:
This includes about 10% cumulative inflation, Ð10 billion to recapitalize Omnicare, and a total of Ð2 billion for highway reaquisition and expansion, increasing the size of FLEA, and security retrofits on public buildings. With the arms embargos still on and no new local arms production projects yet decided, the rebuilding our military can go into the term XI budget or separate bills.
Code:
EXPENDITURE
Presidential portfolio (Finance)
Fiscal and General Administration 3
Pension fund contributions (federal employees) 13
Debt service 52
MTIA portfolio
Foreign Affairs and International Aid 7
Trade and Customs 3
Immigration and Citizenship 3
MDIS portfolio
Military 37
Coast Guard, Intelligence, Security and Counter-terrorism 10
ENDTech 7
MERL portfolio
Industry, Commerce and Labour 23
Non-renewable Resources and Fisheries (incl. Recom subsidies at about 9b) 13
Regional Development 3
MIDA portfolio
Federal police 22
Transport, Navigation and Shipping 15
Broadcast and Electronic Media, Communication 6
Postal Service 3
MESA portfolio
Welfare (incl. unemployment benefits and social aid at about 45b) 53
Health (incl. Medicure subsidies at about 33b) 40
Environment and National Parks 7
Sports 3
Omnicare subsidies 40
CoJ portfolio
Administration of justice 10
TOTAL EXPENDITURE 363
Code:
REVENUE
Income tax 93*
Personal property and estate taxes 20
Corporate profit tax 40
Indirect business tax and non-tax accruals 82
Natural resources and mining (Recom profits) 50
Interest 24
TOTAL REVENUE 309
Code:
CURRENT DEBT 321
Code:
* The provinces raise an additional 93 billion in income tax for provincial budgets