DPBR 654 AB: Difference between revisions
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(Created page with "'''WORK IN PROGRESS''' Public Secretary's Summary - ''General Comments'' ==The National Budget== Public Secretary's Summary - ''...'' ===The National Debt=== The National Debt stands at approximately '''₣ 746.45 Billion''' with a Debt/GDP ratio of '''93%'''.<br> Our predicted '''Deficit''' this year stands at approximately '''₣ 65.36 Billion'''.<br> This will '''increase''' the National Debt to approximately '''₣ 811.81 billion'''.<br> Our Sovereign Credit ratin...") |
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'''WORK IN PROGRESS'''<br>
Public Secretary's Summary -<br>
''General Comments''
==The National Budget==
Public Secretary's Summary - ''Well Minister, here we are again. Debt to GDP will be over 100% at the end of this year. Tax incomes remain at basically rock-bottom, and taxes on employment have caused a crisis in business confidence. While the previous government has seen the deficit shrink, we are still barrelling towards total financial collapse. As I reported in the last report, we are between 5 and 7 years to the total failure of our financial system. If we cannot control debt this term, government obligations will crowd out all private capital and our Florin will no longer have any value '''even in Kodiak'''. I urge you, for the sake of the nation, please balance the budget. If we cannot keep Debt to GPD below 200%, there will be next to no way to ever pay it off. I expect our interest payments to skyrocket if our credit rating goes below A.''
===The National Debt===
The National Debt stands at approximately '''₣ 746.45 Billion''' with a Debt/GDP ratio of '''93%'''.<br>
Our predicted '''Deficit''' this year stands at approximately '''₣
This will '''increase''' the National Debt to approximately '''₣ 811.81 billion'''.<br>
Our Sovereign Credit rating has been assessed by the World Bank as '''A'''.<br>
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