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improving economy

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Lord Asriel
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Post: #1
improving economy

How can I improve my economy to let it grow faster? I need advices!
Here you can find my state:
And how can I improve my taxation revenue without racing it?

03.11.2010 15:27
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Post: #2
RE: improving economy

First of all let me say that I love the name of your state Tongue I really liked that movie, AnnaSophia Robb was extraordinary.
Now what you need to do is to decrease as much as you can the capital tax, that literally sufocates your economy. You have a pretty big unemployment rate for a young state working under the employment reform. Put your budget reserves to work, increase expenditure in education, administration and others, these last two will boost your infrastructure index and provide jobs.
On the budget income/expenses issue, you need to lower corruption in order for the money to go where you want, solving the relevant tasks is the way to do this.
You currency is very good, though you need to lower the nominal interest, because it discourages lending and your business sector could use the credit, so could your citizens.
Pay attention to tasks/solve them the right way. Also you should increase your money supply once you've brought down the nominal interest to a 5-4% to encourage growth.
03.11.2010 15:46
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