National budget of Sancratosia

From MicroWiki, the free micronational encyclopædia
Jump to navigation Jump to search
 () 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 annual financial plans presented by the Government Council of Sancratosia to outline projected expenditures and revenues for the Principality. According to the Constitution, the proposed budget law must be submitted to the National Council before 30 September, and the law must be adopted before 31 December of the same year.

Budget process

The budget process begins with the Minister of Finances presenting a proposed law in the National Council. The budget undergoes chapter-by-chapter voting by the National Council. If the budget is not adopted before 31 December, expenditures related to services can be authorized by Sovereign Ordinance, following a State Council hearing. The same procedure applies to revenues and expenses arising from international treaties.

The budget proposed in autumn is commonly referred to as the bujeta primitiva (English: Primitive Budget). A budget revision typically occurs before 30 June, known as the bujeta revisa (English: Revised Budget).

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

National budgets

2023

The primitive budget for the fiscal year 2023 was initially submitted on 30 September 2022, reflecting an overall expense increase of 37.7% compared to 2022. However, the adopted version saw this increase adjusted to 50.5%.[1] This marked the Principality's first officially submitted budget, following previous temporary financial arrangements during its establishment phase, which necessitated significant investments. The budget was presented with a balanced approach, heavily supplemented by contributions 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