Toggle search
Toggle menu
136
1.2K
22
11.3K
TCH Archive
Toggle preferences menu
Toggle personal menu
Not logged in
Your IP address will be publicly visible if you make any edits.

3026 Wiltshire national budget: Difference between revisions

From TCH Archive
More actions
Newer edit →
VisualWikitext
Tarkin (talk | contribs)
1,158 edits
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..."
 
Tarkin (talk | contribs)
1,158 edits
No edit summary
Line 1: Line 1:
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.
The '''3026 Wiltshirian Commonwealth national budget''' was delivered to the [[Wiltshire National Assembly|National Assembly]] by [[Chancellor of the Exchequer (Wiltshire)|chancellor]]  
 
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 ==
== 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"
{| class="wikitable"
|+Breakdown of public expenditure by department
|+Breakdown of public expenditure by department
Line 59: Line 14:
* Intergovernmental communications
* Intergovernmental communications
* Security briefing ([[Cabinet Office Briefing Rooms (COBR)|COBR]])
* Security briefing ([[Cabinet Office Briefing Rooms (COBR)|COBR]])
|0.9
|
|1.9%
|
|-
|-
|National Assembly
|National Assembly
|
|
* Legislative operations, reconstruction of parliamentary estate
* Legislative operations, reconstruction of parliamentary estate
|0.6
|
|1.3%
|
|-
|-
|Foreign Office
|Foreign Office
Line 72: Line 27:
* Diplomacy, aid coordination, rebuilding external relationships
* Diplomacy, aid coordination, rebuilding external relationships
* Managing Wiltshire's relationship with the Doggerland Covalence Mechanism (DCM) and Holy Roman Empire (HRE)
* Managing Wiltshire's relationship with the Doggerland Covalence Mechanism (DCM) and Holy Roman Empire (HRE)
|0.5
|
|1.2%
|
|-
|-
|Commonwealth Security Office
|Commonwealth Security Office
|
|
* National defence, demobilisation, veteran reintegration, intelligence network reform
* National defence, demobilisation, veteran reintegration, intelligence network reform
|6.0
|
|12.3%
|
|-
|-
|Home Office
|Home Office
|
|
* Internal security, policing, border control and immigration, transitional justice, and Wiltshirianification
* Internal security, policing, border control and immigration, transitional justice, and Wiltshirianification
|5.9
|
|12.1%
|
|-
|-
|Treasury
|Treasury
Line 91: Line 46:
* Fiscal management, debt servicing, central accounting (OSCAR)
* Fiscal management, debt servicing, central accounting (OSCAR)
* Wiltshire Reserve operational budget and investments
* Wiltshire Reserve operational budget and investments
|3.5
|
|7.2%
|
|-
|-
|Health Office
|Health Office
|
|
* Hospitals, trauma care, epidemic control, mental health support
* Hospitals, trauma care, epidemic control, mental health support
|7.1
|
|14.6%
|
|-
|-
|Education & Social Policy Office
|Education & Social Policy Office
|
|
* Rebuilding the public education sector, school reconstruction and renationalisation, literacy and numeracy drives
* Rebuilding the public education sector, school reconstruction and renationalisation, literacy and numeracy drives
|5.4
|
|11.1%
|
|-
|-
|Energy & Economy Office
|Energy & Economy Office
Line 110: Line 65:
* Power grid reconstruction, the industrial restart, investment incentives, zoning laws
* Power grid reconstruction, the industrial restart, investment incentives, zoning laws
* Operational budget for the Progress Office
* Operational budget for the Progress Office
|3.6
|
|7.4%
|
|-
|-
|Environment, Conservation, & Climate Office
|Environment, Conservation, & Climate Office
|
|
* De-mining, land restoration, water quality, reforestation
* De-mining, land restoration, water quality, reforestation
|1.7
|
|3.5%
|
|-
|-
|Cities, Communities, & Local Government Office
|Cities, Communities, & Local Government Office
Line 125: Line 80:
* Culture and languages
* Culture and languages
* Gender equality
* Gender equality
|2.5
|
|5.1%
|
|-
|-
|Constitution & Democracy Office
|Constitution & Democracy Office
|
|
* Electoral reform, civil service rebuilding, transparency initiative, constitutional oversight
* Electoral reform, civil service rebuilding, transparency initiative, constitutional oversight
|0.8
|
|1.6%
|
|-
|-
|Justice Office
|Justice Office
|
|
* Courts, transitional justice tribunals, prisons, prison reform
* Courts, transitional justice tribunals, prisons, prison reform
|1.6
|
|3.3%
|
|-
|-
|Non-departmental allocated expenditures
|Non-departmental allocated expenditures
|
|
* Debt interest, emergency reserve and discretionary fund, post-war compensation fund
* 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
! colspan="2" |Total expenditure
|10%
| colspan="2" |
|
* 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
|}
|}

Revision as of 17:13, 29 November 2025

The 3026 Wiltshirian Commonwealth national budget was delivered to the National Assembly by chancellor

Overview

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 (COBR)
National Assembly
  • Legislative operations, reconstruction of parliamentary estate
Foreign Office
  • Diplomacy, aid coordination, rebuilding external relationships
  • Managing Wiltshire's relationship with the Doggerland Covalence Mechanism (DCM) and Holy Roman Empire (HRE)
Commonwealth Security Office
  • National defence, demobilisation, veteran reintegration, intelligence network reform
Home Office
  • Internal security, policing, border control and immigration, transitional justice, and Wiltshirianification
Treasury
  • Fiscal management, debt servicing, central accounting (OSCAR)
  • Wiltshire Reserve operational budget and investments
Health Office
  • Hospitals, trauma care, epidemic control, mental health support
Education & Social Policy Office
  • Rebuilding the public education sector, school reconstruction and renationalisation, literacy and numeracy drives
Energy & Economy Office
  • Power grid reconstruction, the industrial restart, investment incentives, zoning laws
  • Operational budget for the Progress Office
Environment, Conservation, & Climate Office
  • De-mining, land restoration, water quality, reforestation
Cities, Communities, & Local Government Office
  • Local governance communication & coordination
  • Municipal reconstruction
  • Culture and languages
  • Gender equality
Constitution & Democracy Office
  • Electoral reform, civil service rebuilding, transparency initiative, constitutional oversight
Justice Office
  • Courts, transitional justice tribunals, prisons, prison reform
Non-departmental allocated expenditures
  • Debt interest, emergency reserve and discretionary fund, post-war compensation fund
Total expenditure
Retrieved from "https://wiki.thecorphub.xyz/index.php?title=3026_Wiltshire_national_budget&oldid=12253"
Contents
Last modified
This page was last edited on 29 November 2025, at 17:13.