CNSO releases most recent economic report
July 2781, Coburan National News Network
Finance Minister Jeff Bennett
The Coburan National Statistics Office today presented the Finance Minister with its economic report (http://www.freewebs.com/cobura-nso/eco_report_2780.pdf) for the decade 2771 to 2780, highlighting in particular Cobura's rise through Terra's economic rankings and also drawing attention to the total deficit carried by the government, which now amounts to over 12% of GDP. The report also breaks down the contributions to Cobura's economic growth, showing that the rise of consumption has powered the Coburan economy alongside heavy government spending.
The report says that the period of economic growth was a 'remarkable achievement' for the Coburan government, as it saw a rise of 8.31%, a figure it claims beats out most other nations in their economic performance. The Finance Minister Jeff Bennett told CNNN he agreed with the findings and the conclusions of the report saying "The economy is indeed in a much better state, and we have certainly made great progress. However we must take actions to reduce our total deficit before it gets out of hand and overshadows our achievements." The Finance Minister has already called for a broad party consensus on a financial plan to be undertaken, which most likely will see tax increases to combat any further increases in government debt.
You can visit the CNSO website at: http://www.freewebs.com/cobura-nso/