Amudim

[TheNick]

-

MOFIN Sharon Drafts New Taxation and Budget Bill

May 5571

---

Newly appointed MOFIN Sharon Aristocrat-Goldbloom II presenting the new budget.

---

YISHELEM, BEITEYNU - The new Kadiyot Administration, approved by the Knesset just months ago, brought the current heir of the Aristocrat-Goldbloom family to the Ministry of Finance, one of Beiteynu's most important positions, with the aim of bringing some kind of reform to a budget, and taxation, that weren't touched in decades. 

Minister Aristocrat-Goldbloom or, as she wants to be addressed, Sharon, started a press conference earlier today presenting a tax reform plan slightly reducing taxation on the highest income brackets of the nation explaining that the difference in taxation between the lower and higher brackets was too wide and that the nation doesn't need that high of a taxation to pay for its services. This move will cost around thirteen millions LFR but the Ministry says that it won't put the balanced budget regime in peril: Beiteynu will still run on a budgetary surplus. 

Another significant part of Sharon's reform is the nation's spending: over twenty billions of LFR in expenditure will be slashed from the budget of HoG and the MOFIN, while the Defense Ministry will receive an additional ten billions of francs to maintain an appropriate funding level for the newly expanded armed forces, which were object of a strong advertisement campaign in the last years, this represents the first time in decades that the defense budget sees an increase, that actually puts the MOD as the most funded department of BeiGov, overtaking Education. Sources at the Ministry of Defense say that they are 'very happy' with the chances, but we couldn't gather any more information from them, while the staff at the HoG is afraid of possible lay-offs due to the bidget cut.