National budget of Sancratosia
Submitted by | Minister of Finances |
---|---|
Presented | Before 30 September |
Passed | Before 31 December |
Parliament | National Council |
Finance minister | Vacant |
Total revenue | SNI 37 625◊ (2022/23) |
Total expenditures | SNI 37 625◊ (2022/23) |
Website | sancratosia.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[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]
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%.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
- ↑ According to the Constitution of Sancratosia, the Sovereign Family is also paid first from the revenues of the State.
References
- ↑ Principality of Sancratosia (30 September 2022), "Proposed budget of the 2023 fiscal year", sancratosia.org
- ↑ Principality of Sancratosia (30 December 2022), "Primitive budget of the 2023 fiscal year", sancratosia.org