Public Vote on the Budget Amendment (Mk. II)

The Senate has run the previous Budget Amendment through an overhaul, and the new version has just passed 8-0. The new version is as follows:

Budget Amendment

§ 1. The Senate shall be responsible for drafting and approving a Budget at the opening of each Senate session after a Presidential election has been held, with the Preliminary Budget for the fiscal year being drafted and approved in March of the respective year, a Revision of the Budget being drafted and approved in July and the Final Version of the Budget being drafted and approved in November of the respective year.

§ 2. The GM must provide the Senate with comprehensive economic figures (such as GDP estimates, estimates of tax revenue, or needed additional appropriations, etc.) at the above-specified times of drafting and approving each and every budget.

§ 3. This yearly Budgetary work will comprise an entire Fiscal Year in Atlasia. A Fiscal Year in Atlasia will comprise of one calendar year (12 months).

§ 4. All Senate legislation passed in the four (4) months preceding an approval of the Revision or Final Version of the Budget must be included in the Budget of that same Fiscal Year. Any Senate legislation passed after the Final Version of the Budget has been approved must be included in the Budget for the upcoming Fiscal Year.

§ 5. Each and every Budget must be approved by a majority vote of the Senate. Only the Final Version of the Budget must be approved and signed into law by the President.

§ 6. The Senate must approve each and every Budget before moving on to any other matter.

§ 7. After the Final Version of the Budget is approved by the Senate and the President and signed into law, the Senate shall appropriate money raised by the Budget as it deems appropriate.

§ 8. The total overspent on each and every Budget and its Appropriations must not exceed 2% of the GDP except in those situations specified by Section 9.

§ 9. Section 5 shall not be in effect in a time of war or in a time of economic crisis. A time of war shall be defined as a time when the Atlasian Senate has voted to declare war and a situation of war exists. A time of economic crisis shall be defined as a time when the real GDP has been in decline for two or more quarters.

§ 10. If any of the situations specified in Section 9 occur during the four (4) months preceding an approval of the Revision or Final Version of the Budget, the leniency such provisions grant may be applied in the Budget of that same Fiscal Year. If any of the situations specified in Section 9 occur after the Final Version of the Budget has been approved, the leniency such provisions grant may only be applied in the Budget for the upcoming Fiscal Year.

While it's true that this will be rendered obsolete when the new Constitution arises, a vote is scheduled to add this to the new Constitution, and it would probably be a good idea to see if the public approves of it beforehand. Therfore, I hereby open the public vote on this amendment.

Please vote "aye" if you support it, "nay" if you do not, or abstain if you don't want to vote either "aye" or "nay".

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