Budgetary Act, 2023

Budgetary Act, 2023
Parliament of Great Britain and Ireland
An Act to establish and assist in the creation of budgetary policy.
Citation	Original Text
Enacted by	Joint Session of Westminster
Date enacted	22 January, 2023
Date of Royal Assent	22 January, 2023
Signed by	HM Queen Elizabeth III
Introduced by	Rt Hon Cameron Romefeller MP (BFL)
Amends
None
Repealing legislation
None
Status: In force

Content of the Act

Article I || Titles

1.00 || This Act may be cited and referred to in short as the Budgetary Act, 2023.

1.01 || This Act may be referred to in full as An Act to establish and assist in the creation of budgetary policy.

Article II || Establishment

2.00 || Budgets shall serve as the primary instruments of fiscal policy in the Empire.

2.01 || There are two instruments of fiscal policy, collectively called budgetary policy. These shall be: 2.01a || Fiscal Budgets: The mainstay of the budgets. These are published at least four times a year and are proposed as a Standard Act of Parliament. 2.01b || Budget Amendments: These are utilized by HM Treasury to amend an existing Fiscal Budget and are proposed as a Standard Act of Parliament.

2.02 || The enactment of the instruments of fiscal policy are subject to the following: 2.02a || Fiscal Budgets are proposed to a Joint Session of Parliament by a member of HM Government every three calendar months, wherein Parliament may vote to adopt or dismiss the budget by a simple majority. 2.02b || There are four fiscal seasons in a year. They are the: 2.02b I || The Spring Season, proposed for January - March; 2.02b II || The Summer Season, proposed for April - June; 2.02b III || The Autumn Season, proposed for July - September; 2.02b IV || The Winter Season, proposed for October - December. 2.02c || If a new Session occurs during a fiscal season with a budget already in force, HM Government has the right to propose a new budget to replace the current for the remainder of the season.

2.03 || Within four days of the budget's expiration, a new budget must be proposed. 2.03a || If a budget is not proposed within the four day period, Parliament shall enter an immediate Joint Session to build and pass a budget.

Article III || Required Line Items

3.00 || Any proposed budget submitted to Parliament may propose the following: 3.00a || The amount of money, if any, that HM Treasury requests to inject or to remove; 3.00b || Rates of taxation and their thresholds; 3.00c || Salaries of employees of HM Government; 3.00d || The repayment and collection of loans that the Treasury owes/is owed; 3.00e || Fees charged to applicants for Government-managed services; 3.00f || The amount that users may earn per post or per thread created on the forum in each board and sub-board; 3.00g || Discretionary Funds and Allowances for Public Institutions and the Royal Family; 3.00h || The allowances periodically received by recipients of royal and military honours, decorations, and medals; 3.00i || Any other means of sourcing or spending public funds that HM Government deems suitable for proposal in the budget.

Article IV || Jurisdiction and Regulations

4.00 || A new budget shall retain jurisdiction over the expenditure of HM Government until: 4.00a || A new budget received Royal Assent; 4.00b || Parliament votes by simple majority to alter the jurisdiction of the budget or amend the budget;

4.01 || The most recently approved budget is suspended either by: 4.01a || The Sovereign, via Order-in-Council; 4.01b || Parliament, via simple majority vote.

Article V || Ratification

5.00 || This Act shall come into effect upon passage by both Houses of Parliament with a simple majority and assent by the Sovereign or other authority as established under the Monarchy Act of 2021.