Debt Ceiling Act, 654

From The Kodiak Republic Wiki

In order to save the Republic from default and prevent such a scenario in the future, it is necessary to drastically reduce the government's expenses and set the upper limit of the allowed public debt.
REJECTED on 31st of July 2023, 5 Aye, 15 Nay, 1 Abstain.

Article One - Debt Ceiling

1 - The maximum allowed amount of debt of the Kodiak Republic is 150% of its GDP.

Tabled by von Zeppelin, MGA, CKA, as an independent member's bill.

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