Finance News
Central Bank of Beiteynu releases fiscal report
March 5286 - In retrospect, Beiteynu's growth and inflation rates, trade and the future of the Beiteynuese economy
Also published on The Terran Times and distributed internationally
- MOFIN introduces the Local Stability Act, to funnel 12.3B LOD into local governments over the next 14 years
- MOIT awards 32.2B LOD contract to Aristocrat Energetical for the maintenance and upkeep of Beiteynu's nuclear power grid
- PM Keren Shlomo suggests a change to the debt repayment structure from 0.010% to 0.025%
- Central Bank of Beiteynu introduces list of public and private investments, MOD cuts back further on Naval Expansion Act defense contracts
- Markets react with mild caution to the newly released report by the Central Bank of Beiteynu
- Deployment of naval forces in Kundrati underway, the MOD confirms
Offices of the Central Bank of Beiteynu (OOC: Shalom Meir Tower) in Tel Bira
Yishelem, Beiteynu - The recent government investment acts introduced to the Knesset reflect the Shlomo Administration's "renewed" view of the closing period of the 53rd century, as the Central Bank of Beiteynu reports a "frenzy" of a growth rate - with the need to stabilise - and an insatiable thirst of Beiteynu's inflation rate that keeps on growing - with a need to begin its decline entering the 54th century. The new acts seem to have done the trick, the CEBAB states. Furthermore, the bank has advised the Beiteynuese Government to cutback on its defense programs and avoid changing the landscape of income, sales, corporate taxes and spending budgets, as that would disrupt the macroeconomic flow already established, at least for the next 14 years, unless debt would go back up and the government's pockets would go effectively empty, smitten of its initiatives for at least 3 more decades.
All in all, while Beiteynu witnesses an overall expansion of its economic capability, little has been done to balance its growth with the inevitable inflation and although the GDP marks an incline from 121.764B to 218.326B LOD over the course of 10 decades, the Beiteynuese people have felt no change in their purchasing power, the end result being the increase of inequality and fraud across the nation.
To that end, the Shlomo Administration has promised to introduce a final realignment act on taxes and spending by 5300, closing a century of pivoting.
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Imports
There is no substantial change identified in the volume of net imports by Beiteynu, regardless of the increase of exports observed over the course of the recent decades, considering how Beiteynu has needed to rely on the import of necessary goods and services. However, there is an important change in the overall markup to Beiteynu's sources of imports: the scene is dominated by a decrease in Dorvish trade and a substantial increase from Kundrati and Trigunia thanks to the solidified trade ties with Beiteynu's partners. Istalia and Pontesi struggle behind, as Beiteynu has switched its focus elsewhere in the recent years. The recent "troubles" in Beiteynuese-Kafuri relations certainly made a dent in the bulk of Kafuri imports, but experts see the future paved with hope and no trouble.
The Shlomo Administration has promised that, if re-elected, will pursue increasing imports from Dundorf, Dankuk, Kafuristan and Selucia, as well. Analysts from the CEBAB's office in Yishelem project that Dorvish imports will continue to fall in the 54th century, as Beiteynu continues to build its own network.
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Exports
Much to the relief of the Shlomo Administration, the Central Bank of Beiteynu reports that the Beiteynuese Government's considerable efforts throughout the better part of the current century have enabled the private industry to increase its exports, with the International Trade Association playing a pivotal role in alleviating bureaucracy and enabling pathways for Beiteynuese companies to trade seamlessly with Beiteynu's network of allies and partners across Terra. Of the most impactful changes to the composition of Beiteynu's exports are the exponential rise of shipping, travel services, government services and the rising bedrock of the nation's economy: business and financial services. Lurking behind are the struggling information technology and defense sectors, which, albeit their significant boost from financial vehicles like the Equifund, have yet to produce any impactful results, quite understandably considering their high-tech nature.
The Shlomo Administration has confirmed that it will continue pursuing the expansion of these areas, either directly or indirectly via other markets (ex. Dankuk), should of course be re-elected in the December 5286 elections.
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