DPBR 651 AB

=WORK IN PROGRESS=

blah blah blah.

The National Budget
Public Secretary's Summary - ''The budget post-war has exploded in expense while tax incomes have plummeted. From the beginning of the Edwards term the debt has increased by nearly 90% and is expected to add yet another 50% over the next term of government. Income tax fraud has exploded after the passage of the Micro-Enterprise Act and the World Bank has threatened to increase interest rates by 100% if we cannot reign in spending. Government debt will begin to crowd out credit access for personal and business loans and ultimately citizens will be forced to pay the banks not to default the government. As a public official, you may expect me to declare we need to rise taxes, but without an economy to tax, what even would be the point?''

The National Debt
The National Debt stands at approximately ₣ 528.56 Billion with a Debt/GDP ratio of 66%. Our predicted Deficit this year stands at approximately ₣ 43.46 Billion. This will increase the National Debt to approximately ₣ 551.92 billion. Our Sovereign Credit rating has been assessed by the World Bank as AA. Interest on the debt assessed at 1.75% and is expected to cost ₣ 9.28 Billion which represents 5.1% of annual expenditure.

Income Summary
*Traceable tobacco usage appears to have bottomed out.