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Jump Starting the Economy

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Sega
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Post: #1
Jump Starting the Economy

While I wouldn't say my economy is terrible, I was wondering what I could do to jump start my country's economy. For eons, we more or less have plateaued, and I am about to do another budget change. Is there anything I could do to have it burgeoning again?

14.08.2015 23:42
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Lord Alexander
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Post: #2
RE: Jump Starting the Economy

You can decrease Taxes on capital and/or increase expenses on PE education, PE others and/or PE administration. Your state accumulated very respectable reserves so it can allow itself to maintain noticeable budget deficit for many years without even theoretical risk to cause some problems with debt.

15.08.2015 00:52
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Alexei B.Miller
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Vlaxia
Post: #3
RE: Jump Starting the Economy

Begin staggered tax reductions and increase investments in subsidies and others this will support consumer growth.


"Hitler wanted to destroy Russia, everyone needs to remember how that ended"

Vladimir Putin

15.08.2015 02:48
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Titian
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Post: #4
RE: Jump Starting the Economy

You might want to consider the Liberalism reform, although I personally prefer to implement it early on due to its effects on several positions in the budget which can severely drag down a lot of important stats in older, more developed states.


"If you grab them by their balls, their hearts and minds will follow." (Yes, Minister)

15.08.2015 03:13
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Sega
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Post: #5
RE: Jump Starting the Economy

Is it bad that my nation has people saving so much? I would have thought that a low interest rate would make them save less and spend more.

15.08.2015 20:56
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Lord Alexander
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Post: #6
RE: Jump Starting the Economy

Saving ratio usually decreases on its own during prolonged periods of decent positive Inflation and Economy growth. But another question is how to organize such periods.

16.08.2015 22:15
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Alexei B.Miller
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Vlaxia
Post: #7
RE: Jump Starting the Economy

Sega Wrote:
Is it bad that my nation has people saving so much? I would have thought that a low interest rate would make them save less and spend more.


Try slashing excise, that'll add downward pressure on consumer prices.


"Hitler wanted to destroy Russia, everyone needs to remember how that ended"

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16.08.2015 23:45
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Ajay Alcos
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Post: #8
RE: Jump Starting the Economy

I personally would go about decreasing excise to a minimum of 2%, only raising it depending on my budgetary situation (though I try to keep it maxed at 10% at most). Income tax I would usually place between a low of 12% to 24% & raise tariffs to either keep the trade deficit balanced or create a trade surplus. In regard to spending, I usually try to keep the safety net at a bare minimum whilst focusing spending on education and infrastructure. Reform wise I try to get influence up and implement liberalism as quickly as possible, though getting to the point of being able to implement can be quite tricky...

27.08.2015 13:31
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Alexei B.Miller
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Vlaxia
Post: #9
RE: Jump Starting the Economy

Excessive income taxation will crush consumption potential, and place the middle class in a credit trap. Growth should derive from consumption and investment. Trade deficits aren't bad as they contribute to downward pressure on consumer prices.


"Hitler wanted to destroy Russia, everyone needs to remember how that ended"

Vladimir Putin

05.09.2015 19:45
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Edvard Kardelj
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Post: #10
RE: Jump Starting the Economy

Decrease the interest rate, tariffs, acquisition tax, and excise tax. Increase capital gains tax. Invest very heavily in education, environment and health. Start a project. If all else fails, jack up military spending.

05.09.2015 20:53
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