Since the beginning of independence from the Luthorian Empire, the Mordusian economy to a large extent has been stagnant. As other economies grew, the Mordusian economy remained neither on the path of growth nor recession. Whilst wages and the labour market exploded in other nations amidst major global economic booms, the situation in Mordusia remained relatively constant, with little to no wage and labour market growth being observed during these aforementioned boom cycles. Decades of poor fiscal management coupled with what can only be described as sheer luck has allowed the Mordusian economy to ride the waves and make it out still somewhat economically stable. Although the relative stagnation of the mordusian economy has generated some level of economic prosperity the supposed hidden hand of the free market had been at work since the relative neglect of the nation's macroeconomic situation has created the impetus for numerous macroeconomic issues. According to the Reserve Bank of Mordusia, unemployment increased ten-fold over the previous decades with the national unemployment level sitting at around 45% and the unemployment levels in the states sitting at 50%<. Healthcare coverage within the nation is at an all-time low as more and more persons struggle with the expenses associated with medical treatment. In its report on the outlook of the national healthcare system, the National Office for Healthcare Policy and Research (NOHPR) estimates that basic healthcare coverage (excluding dental care and out-patient care) could decrease from 64% to 51% in the coming decades as more persons slip into unemployment. Although touted by previous administrations as a policy priority, access to education has decreased by 13% as the costs associated with education such as school fees, administrative fees, the cost of books/stationery, etc increase thus making the materials of education increasingly out of reach of the average citizen. With a social welfare system that is virtually non-existent, persons of all ages are finding it increasingly difficult to navigate the ins and outs of unemployment, retirement and social assistance. On retirement, more importantly, the lack of an organised retirement system leaves many with little to no savings to ride the waves of retirement, thus forcing many persons above the retirement age to seek employment (usually in the informal economy) to maintain homes and other amenities.
Against the backdrop of these observations, Federal Treasurer Daniel Allen announced the federal government's economic agenda for the coming decade. Addressing the House of Representatives in Randworth, Treasurer Allen noted that as the government's political philosophy is deeply rooted in democratic socialism, it intends on taking numerous examples from nations throughout the world and in theory to craft its economic agenda. He explained that the 5-year programme of communist/socialist nations allows for a targeted focus on numerous areas of the economy. He stated that the government's economic agenda will be aimed at tackling core issues within a 10-15 year period. Speaking to the details of the agenda, Allen stated that one of the major moves of the federal government in the coming decade would be to completely restructure the healthcare system in Mordusia to allow for easier access to equal healthcare. He argued that the question of free healthcare should not be a question of its economics but should be one of whether Mordusian society is content with the fact that an increasing number of persons are finding it increasingly difficult to access medical treatment due to their socioeconomic position. Healthcare in Mordusia is defined by healthcare insurance coverage. In many instances, the costs associated with health insurance are becoming increasingly unsustainable for many low-income and middle-income families, thus forcing many to forgo medical treatment. He notes that the Mordusian Labor Party is envisioning a healthcare system whereby healthcare insurance will be no longer required primary, speciality, emergency/urgent and mental care. "We want to ensure that persons can walk into hospitals and receive treatment without having to provide health insurance information before they are even treated." Addressing unemployment would also remain a priority of the Labor party. Incoming Federal Minister of Labour and Social Services Liam Flanagan has stated that his core philosophy in addressing unemployment is enhancing the skills of the workforce and positioning the unemployed to take advantage of opportunities in the future economy. Incoming Federal Education and Culture Minister Dr Deborah Kinsale stated that her plans are to restructure the education sector to allow for increased access and quality.