Total Revenue
Total Expenditure
Budget Balance
National Debt
Revenue Sources
Source | Amount (Quarterly) | % of Revenue | Projection |
---|---|---|---|
Income Tax | $4.2B | 34.1% | Stable |
Corporate Tax | $2.8B | 22.7% | Declining (-1.2%) |
Value Added Tax (VAT) | $2.4B | 19.4% | Growing (+2.3%) |
Tariffs & Customs | $1.1B | 8.9% | Volatile |
Other Taxes | $0.9B | 7.3% | Stable |
Non-Tax Revenue | $1.0B | 7.6% | Slightly Growing |
Expenditure Allocation
Department | Amount (Quarterly) | % of Budget | Change From Last Quarter |
---|---|---|---|
Social Services | $4.1B | 31.3% | +3.2% |
Defense & Security | $3.5B | 26.7% | +1.8% |
Healthcare | $2.2B | 16.8% | +5.1% |
Education | $1.3B | 9.9% | -2.4% |
Infrastructure | $0.9B | 6.9% | -8.7% |
Other Expenses | $1.1B | 8.4% | +0.3% |
Tax Rate Adjustment
Adjust tax rates to balance revenue with economic growth. Higher taxes may generate more income but could slow economic activity.
Estimated effect: +1.2% revenue, -0.3% GDP growth
Estimated effect: +0.8% revenue, -0.7% business investment
Estimated effect: +0.5% revenue, -0.2% consumer spending
Budget Projections
Based on current policies and economic conditions, here are the projections for the next fiscal year:
Quarter | Projected Revenue | Projected Expenditure | Projected Balance | Debt to GDP |
---|---|---|---|---|
Q1 2024 | $12.7B | $13.3B | -$0.6B | 58.2% |
Q2 2024 | $13.1B | $13.6B | -$0.5B | 57.3% |
Q3 2024 | $13.5B | $13.4B | +$0.1B | 56.8% |
Q4 2024 | $13.8B | $13.2B | +$0.6B | 55.9% |