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Economic advice

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Justine27
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Xeria
Post: #1
Economic advice

Hi, I just need some advice to improve my economy for a long term.

16.04.2018 13:38
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MrProper
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Post: #2
RE: Economic advice

Welcome to the Ars Regendi Forum Justine.

The improving your states economy is possible in many different ways, but goes most easy via economy friendly tasks solving (e.g. picking "liberal" options). However, boosting the economy can be tricky, since you often have to balance out different interests and aspects (for example environmental concerns, individual rights, public service vs. private, ...).

Your states budget of also has an impact on your states economy. The same goes for some reforms. You can either experiment and figure it out yourself, or simply search the forum for more information. Most alliances also have guides on state craft, and may be helpful in that respect.


富国強兵
17.04.2018 17:26
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Dennis Skinner
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Daddy Vladdy
Post: #3
RE: Economic advice

Don't tax too much, don't take on too much debt (but don't take on too little) and don't pass laws that are too onerous on capital/labour markets etc.

Your state's inflation seems pretty high (although the amount of growth is also quite high), you may want to try to raise interest rates and not expand the money supply too much. The savings rate is also low and ought to be helped with higher interest rates.

You can easily afford a lot more debt with it being under 10% of gdp. So you may want to slash taxes or increase spending on things like education and admin (which I think boosts infrastructure iirc). The tax burden is pretty low at 24.55% anyway.

17.04.2018 18:00
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Justine27
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RE: Economic advice

I want to try to spend on education and others to boost infrastructure and also i try to increase interest rate

23.04.2018 12:52
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Dennis Skinner
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Daddy Vladdy
Post: #5
RE: Economic advice

Justine27 Wrote:
I want to try to spend on education and others to boost infrastructure and also i try to increase interest rate


I would say continue how you are. Spending can still be increased (I wouldn't worry about a deficit below 10billion or ~4% GDP with your growth rates), as can interest rates (easily up to 4 or 5%).

The other big thing to consider would be a tax reform. Both a flat tax and negative income tax are a more efficient form of taxation (and will help long term growth). Flat tax is probably better purely for growth, but negative income tax will boost incomes of the poorest more. So it's personal preference there.

24.04.2018 12:45
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Justine27
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Post: #6
RE: Economic advice

Dennis Skinner Wrote:

Justine27 Wrote:
I want to try to spend on education and others to boost infrastructure and also i try to increase interest rate


I would say continue how you are. Spending can still be increased (I wouldn't worry about a deficit below 10billion or ~4% GDP with your growth rates), as can interest rates (easily up to 4 or 5%).

The other big thing to consider would be a tax reform. Both a flat tax and negative income tax are a more efficient form of taxation (and will help long term growth). Flat tax is probably better purely for growth, but negative income tax will boost incomes of the poorest more. So it's personal preference there.



I also want to improve the savings ratio of my country. How can I possibly do that?

13.05.2018 01:18
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