National budget of Sancratosia

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 () National budget of Sancratosia
Bujeta nasional de Sancratosia (Lingua Franca Nova)
Submitted byMinister of Finances
PresentedBefore 30 September
PassedBefore 31 December
ParliamentNational Council
Finance ministerVacant
Total revenueSNI 37 625◊ (2022/23)
Total expendituresSNI 37 625◊ (2022/23)
Websitesancratosia.org

The National budgets of Sancratosia are presented annually by the Government Council of Sancratosia to identify foreseen expenditures and revenues for the Principality of Sancratosia. According to the Constitution the proposed law of the budget has to be submitted to the National Council before 30 September and the law has to be adopted before 31 December of the same year.

Budget process

The budget is announced in the National Council by the Minister of Finances on a proposed law. The budget is then voted on, chapter by chapter, by the National Council. If the budget has not been adopted before 31 December, the credits pertaining to the services can be opened by Sovereign Ordinance, following a hearing of the State Council. The same rule applies for revenues and expenses resulting from international treaties.

The budget submitted in autumn is generally called the bujeta primitiva (English: Primitive Budget). There is a revisal of the budget usually done before 30 June and this budget is generally called the bujeta revisa (English: Revised Budget).

Sancratosia's fiscal year runs from 1 January to 31 December.

National budgets

2023

The primitive budget of the 2023 fiscal year was submitted on 30 September 2022 (2022-09-30) and initially saw a general increase of expenses of 37,7% compared to 2022, this was revised in the adopted version to an increase of 50,5%.[1] It was the first budget officially submitted. Previously, the Principality had been functioning on a temporary budget for its establishment which required substantial investments. The budget was submitted at an equilibrium with a substantial contribution coming from the Sovereign Princess.[a]

2023 Primitive budget[2]
Revenues 37 625
Section I. Products and revenues from the domain of the State 400
Section II. Products and revenues from administrative services 500
Section III. Contributions 36 725
Expenses 37 625
Section I. Expenses of sovereignty 6 500
Section II. Assemblies and constitutional organs 100
Section III. Means of services 6 675
Section IV. Shared expenses 3 300
Section V. Public services 50
Section VI. Public interventions 6 150
Section VII. Equipment and investments 15 000
Surplus 0

See also

Notes and References

Notes

  1. According to the Constitution of Sancratosia, the Sovereign Family is also paid first from the revenues of the State.

References

  1. Principality of Sancratosia (30 September 2022), "Proposed budget of the 2023 fiscal year", sancratosia.org
  2. Principality of Sancratosia (30 December 2022), "Primitive budget of the 2023 fiscal year", sancratosia.org

External links