Finance News
June 5315 - Also published on The Terran Times and distributed internationally
Multi-agency task force reviews economic policies
The Ministry of Finance has formed a task force between the Olami Trade Association, the Federal Development Association, the Bureau of Keshef Management and the Central Bank of Beiteynu with the mandate of reviewing the government's economic agenda and proposing appropriate measures
Yishelem, Beiteynu - As the summer heat turns up and energy prices continue to remain high in light of the recent Trigunian crisis and the persistent lack of clarity in Beiteynuese-Trigunian relations, the multi-agency task force reports that the assessment stage of the government's current and potential future economic measures has been completed, having identified 4 key areas that should represent the Weiss Administration's main focus points on the country's economy.
1) Subsidies for the primary sector, to reinvigorate local agricultural economies in the Amikot and Golav Valleys, including the recently frozen expansion efforts from Kundrati institutions in the fishing industry of the Kimshkitot Islands after almost a century of neglect.
2) Welfare & infrastructure programs, much in the manner of the Le Hofesh and Bei Ishmael Acts on the modernisation and expansion of Beiteynuese ports and airports across the country, including the desalination project in Tel Bira, with an emphasis on moving forward and expediting the 88B LOD Local Development Act before the end of the decade, on various residential, commercial - with an emphasis on the tourism industry - and industrial areas - with an emphasis on manufacturing and consumer products, an initiative which has remained frozen after the Hashim Administration decided to "tread lightly" in social and infrastructure related investments in the intermission between the 13 year recession and the Trigunian crisis.
3) Government-triggered investments and joint partnerships with Beiteynu's, and its partners's such as Selucia, premier universities and research entities like Black Beisa and Aristocrat Energetical - especially focused on business administration and engineering to reverse the effects of "Brain Drain" largely observed during the 13 year recession on 2 subjects crucial to the country's economy - as well as the computer and information technology sector via targeted initiatives by the Department of Digital Transformation and Governance, the Tactical Bureau of Intelligence and the Ministry of Science & Technology to enable entities such as Beishalom Group in boosting the IT sector that's already vested in various niche areas of software development such as military grade OSs and programmatic advertising, hopefully injecting the necessary capital into the market to create appropriate opportunities for growth.
4) Expansion and enablement of trade relations in Seleya, via Lourenne, which will reinvigorate the country's primary economic drivers - the shipping, travel and financial sectors, which saw their investment capital and potential shrink 5 years ago, at the start of the Trigunian crisis. Pursuant to the "widening" of the country's trade network, the joint task force also found it prudent that the Medinat Department considers extending relations with other rising markets such as Dankuk, Valruzia and Endralon, including assessing the status of Beiteynu's participation in the MEA, which is dominated by Dorvish commerce.