Tarkin at 14:54, 30 November 2025

2025-11-30T14:54:45Z

Tarkin at 22:13, 29 November 2025

2025-11-29T22:13:30Z

Tarkin: Created page with "The '''3026 Wiltshirian Commonwealth national budget''' was delivered to the National Assembly by chancellor Lucy Burgers on Thursday 6 November 3025. It was the first full fiscal year budget of the Conservative government led by Beau Martin. Building off Chancellor Burgers's summer statement following the general election, the full budget outlined the government's..."

2025-11-05T20:40:14Z

Created page with "The '''3026 Wiltshirian Commonwealth national budget''' was delivered to the National Assembly by chancellor Lucy Burgers on Thursday 6 November 3025. It was the first full fiscal year budget of the Conservative government led by Beau Martin. Building off Chancellor Burgers's summer statement following the general election, the full budget outlined the government's..."

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The '''3026 Wiltshirian Commonwealth national budget''' was delivered to the [[Wiltshire National Assembly|National Assembly]] by [[Chancellor of the Exchequer (Wiltshire)|chancellor]] Lucy Burgers on Thursday 6 November 3025. It was the first full fiscal year budget of the [[Martin Ministry (Wiltshire)|Conservative government led by Beau Martin]]. Building off Chancellor Burgers's summer statement following the general election, the full budget outlined the government's complete renovation of the public finances, including the introduction of the new systems of personal and corporate income tax.

In the budget, the chancellor announced that the national minimum wage would increase for the first time since 3021, going from 11.25 cm to 12.25 cm per hour. In addition, additional discretionary funds were made available to all offices of state to facilitate the reconstruction of Wiltshire's crumbling infrastructure.

== Overview ==
{| class="wikitable"
! colspan="3" |Budget 3026
|-
|Population
| colspan="2" |5.12 million
|-
|GDP (estimate)
| colspan="2" |185 billion CM
|-
|Total expenditure
| colspan="2" |48.6 billion cm
|-
|Total revenue
| colspan="2" |42.7 billion cm
|-
|Fiscal deficit
|5.9 billion cm
|3.2% of GDP
|-
|National debt
|198 billion cm
|107% of GDP
|-
|Debt servicing (interest payments)
|6.6 billion cm
|13.6% of expenditure
|}
{| class="wikitable"
|+
! colspan="2" |Economic indicators
|-
|GDP growth (projected)
| +13.2% (reconstruction boom)
|-
|Unemployment
|11.3% (decreasing)
|-
|Currency stability
|Supported by the Wiltshire Reserve
|-
|Foreign aid inflows
|4.2 billion CM estimated 3025/26
|}
{| class="wikitable"
|+Breakdown of public expenditure by department
!Government department
!Areas of responsibility
!Allocated budget (billion cm)
!Percentage of total expenditure
|-
|Cabinet Office
|
* Executive coordination, recovery oversight and management, national reconciliation
* Intergovernmental communications
* Security briefing ([[Cabinet Office Briefing Rooms (COBR)|COBR]])
|0.9
|1.9%
|-
|National Assembly
|
* Legislative operations, reconstruction of parliamentary estate
|0.6
|1.3%
|-
|Foreign Office
|
* Diplomacy, aid coordination, rebuilding external relationships
* Managing Wiltshire's relationship with the Doggerland Covalence Mechanism (DCM) and Holy Roman Empire (HRE)
|0.5
|1.2%
|-
|Commonwealth Security Office
|
* National defence, demobilisation, veteran reintegration, intelligence network reform
|6.0
|12.3%
|-
|Home Office
|
* Internal security, policing, border control and immigration, transitional justice, and Wiltshirianification
|5.9
|12.1%
|-
|Treasury
|
* Fiscal management, debt servicing, central accounting (OSCAR)
* Wiltshire Reserve operational budget and investments
|3.5
|7.2%
|-
|Health Office
|
* Hospitals, trauma care, epidemic control, mental health support
|7.1
|14.6%
|-
|Education & Social Policy Office
|
* Rebuilding the public education sector, school reconstruction and renationalisation, literacy and numeracy drives
|5.4
|11.1%
|-
|Energy & Economy Office
|
* Power grid reconstruction, the industrial restart, investment incentives, zoning laws
* Operational budget for the Progress Office
|3.6
|7.4%
|-
|Environment, Conservation, & Climate Office
|
* De-mining, land restoration, water quality, reforestation
|1.7
|3.5%
|-
|Cities, Communities, & Local Government Office
|
* Local governance communication & coordination
* Municipal reconstruction
* Culture and languages
* Gender equality
|2.5
|5.1%
|-
|Constitution & Democracy Office
|
* Electoral reform, civil service rebuilding, transparency initiative, constitutional oversight
|0.8
|1.6%
|-
|Justice Office
|
* Courts, transitional justice tribunals, prisons, prison reform
|1.6
|3.3%
|-
|Non-departmental allocated expenditures
|
* Debt interest, emergency reserve and discretionary fund, post-war compensation fund
|3.1
|6.4%
|-
! colspan="2" |Total expenditure
| colspan="2" |48.6
|}

== Tax system - FY2251 ==
Budget 3026 unveiled a new system of taxation, with the personal income tax being subdivided into the following categories:
{| class="wikitable"
|+Personal income tax thresholds
!Band
!Rate
!Threshold (cm)
|-
|Starter
|0%
|10,000 and below
|-
|Basic
|10%
|10,001 - 25,000
|-
|Standard
|20%
|25,001 - 65,000
|-
|Higher
|30%
|65,001 - 150,000
|-
|Additional
|40%
|150,001 - 300,000
|-
|Surcharge
|50%
|300,001 and above
|}

=== Corporate income tax ===
The flat corporate income tax rate was abolished and replaced with a progressive system based on number of employees and revenue conditions. No additional or surcharge corporate income taxes were added.
{| class="wikitable"
|+Corporate income tax
!Band
!Rate
!Conditions
|-
|Starter
|0%
|
* Under 25 employees; or
* Revenue below 50,000 cm per annum
|-
|Basic
|7.5%
|
* Between 26 - 50 employees; or
* Revenue below 125,000 cm per annum
|-
|Standard
|10%
|
* Between 51 and 1,000 employees; or
* Revenue below 1 million cm per annum
|-
|Higher
|12.5%
|
* Between 1,000 and 5,000 employees; or
* Revenue below 6 million cm per annnum
|}

=== Tax revenue summary ===
{| class="wikitable"
|+
!Tax type
!Structure
!Share of revenue (estimated)
|-
|Personal income tax
|See above
|32%
|-
|Corporate income tax
|See above
|16%
|-
|Value Added Tax (VAT)
|12% on goods and services
|21%
|-
|Wealth & Land tax
|0.5% on property holdings above 1 million cm per individual, or 2.5 million cm for a married couple
|3%
|-
|Excise taxes (fuel, tobacco, alcohol, sugar, etc)
|See ''Consumption Tax Act 3025''
|6%
|-
|Carbon & environmental taxes
|See ''Conservation & Climate Clean Up Act 3025''
|2%
|-
|Non-tax revenue
|State enterprise dividends, interest on central bank reserves, licenses, and aid receipts
|12%
|-
! colspan="2" |Total revenue
|42.7 billion CM
|}

3026 Wiltshire national budget - Revision history

Tarkin at 14:54, 30 November 2025

Tarkin at 22:13, 29 November 2025