University of Karavshire - Economics Department

[Siggon Kristov]

The Economics Department, of the University of Karavshire, works in collaboration with the International Resource Center in Port Tackstov. The university is sometimes informally referred to as "Karav University" or "Karav U" because of its affiliations with the Karav Dynasty.

If you want to study Economics, and your nation has signed a treaty to allow the operation of KFS outlets inside it, you are free to apply for a scholarship.

Students, at the University of Karavshire, have made many developments. You can be a part of the next major development, for your own country, if you apply for a scholarship, today!

One of the most recent developments was the Economic Ranking Project, to study the macro-economic statistics of all the nations in Terra, at once. You can download a free copy from our site.

[Siggon Kristov]

3 Most Burdenous Taxes

According to the University of Karavshire, in a study of the world's economic statistics in January 3462, the 3 nations with the most burdenous taxes are:
- Jelbania
- Davostan
- Solentia

In January 3462:
Jelbania's tax revenue was 103.37% of its GDP. The reason for this, according to students, is that Jelbania has extremely high taxes, but much of it isn't pumped back into the economy. Jelbania's GDP is only 10,756 BEL per capita, while taxes are at 11,118.22 BEL per capita.
Davostan's tax revenue was 60.88% of its GDP. Surprisingly, while taxes are extremely high, the government is still in debt. Davostan's GDP was 15,423.12 BEL per capita, while taxes were at 9,390.26 per capita. Their spending exceeded their revenue by 2,571,130,441.21 BEL, which is a debt of 25.75 BEL per capita.
Solentia's tax revenue was 49.04% of its GDP. It is the only nation, in the top 3, where taxes aren't more than half of the GDP. It is still considered burdenous, as taxes were 7,267.35 BEL per capita. Their GDP was 14,818.14 BEL per capita.

[salve311]

OOC: I beg to differ, the Solentian people still earn a majority of their money and the government gives it back to them. So I conclude that Solentian tax should not be considered "burdensome" but rather "heavy".

P.S burdenous sounds really bad

[Siggon Kristov]

Students Upgrade System to Show Debt

Students of Economics, of the University of Karavshire, have updated the project to show debt, inflation, and recession.
The latest version, of their project, is available on their site.

[Siggon Kristov]

KFS Adjusts KRV Value
December 3586

Kristov DeKarav IX, patriarch of the Karav Dynasty and Chairman of Karav Financial Services, announced an adjustment in the value of the KRV "to give nations with high reserves an advantage." All employees of Finance Ministries across the world are advised to download the update.

Chief Lord DeKarav is expected to visit Karavshire University in 3587, if security arrangements with the Beluz government are successful.

[Aquinas]

Anatoly Romanov, the Trigunian Finance Minister, has quietly approached the Economics Department of the University of Karavshire to ask for their expertise in certain aspects of economic policy. The communist regime in Trigunia has just fallen, and the new government, seeking to break down the statist economy, is pursuing an ambitious but difficult program of privatisation, deregulation, public expenditure reductions and tax cuts.

[Siggon Kristov]

Anatoly Romanov, the Trigunian Finance Minister, has quietly approached the Economics Department of the University of Karavshire to ask for their expertise in certain aspects of economic policy. The communist regime in Trigunia has just fallen, and the new government, seeking to break down the statist economy, is pursuing an ambitious but difficult program of privatisation, deregulation, public expenditure reductions and tax cuts.

This will definitely be difficult.
Trigunia's economy was stable and near perfect, despite the large public sector.
Trigunia's new government needs to explain how much privatization will take place, i.e. what share of the economy will the private sector have?

As it stands now, Trigunia has a mixed economy.
To work properly with numbers in Trigunia's currency, the university will need Trigunia to ratify the treaty.

[Aquinas]

Before the TNP took power, public spending was well over 60% of GDP. The government has embarked on a privatisation program, as a result of which it is now about 33% of GDP. That figure is unlikely to change much for the time being.

Trigunia hopes to ratify the Treaty at the nearest opportunity.