NATION

PASSWORD

Deficit or Surplus?

A place to put national factbooks, embassy exchanges, and other information regarding the nations of the world. [In character]

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Geilinor
Post Czar
 
Posts: 41328
Founded: Feb 20, 2010
Ex-Nation

Postby Geilinor » Sat Jul 30, 2011 8:13 pm

Deficit, a fairly large one for this year but it will come down the following years.
Member of the Free Democratic Party. Not left. Not right. Forward.
Economic Left/Right: -1.13
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Geilinor
Post Czar
 
Posts: 41328
Founded: Feb 20, 2010
Ex-Nation

Postby Geilinor » Sat Jul 30, 2011 8:14 pm

Kalaspia-Shimarata wrote:
Venetoland wrote:Does your nation have a budget deficit or surplus?

We have such a large surplus that we don't know what to do with the money. You want some free money?

How much do you have? Could we have some?
Member of the Free Democratic Party. Not left. Not right. Forward.
Economic Left/Right: -1.13
Social Libertarian/Authoritarian: -2.41

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Virabia
Minister
 
Posts: 2181
Founded: Jan 16, 2010
Ex-Nation

Postby Virabia » Sat Jul 30, 2011 9:05 pm

We run even
Economic Left/Right: -9.50
Social Libertarian/Authoritarian: -9.00
OCCUPY ALL STREETS, EVERYWHERE (Occupy Ithaca)

I have made the following progression in my beliefs
American Liberal -> Social Democrat -> Right Libertarian -> Democratic Socialist -> Trotskyist -> Eco-Socialist -> Eco-Communist -> Cooperativist

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Xanthal
Ambassador
 
Posts: 1554
Founded: Apr 16, 2005
Left-wing Utopia

Postby Xanthal » Sat Jul 30, 2011 10:11 pm

The Federation has passed laws requiring it to balance its budget, so by its own rules it's not allowed to run a deficit. Typically it runs a slight surplus.
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Sibirsky
Post Czar
 
Posts: 44940
Founded: Mar 22, 2009
Anarchy

Postby Sibirsky » Sat Jul 30, 2011 11:34 pm

A small surplus. Early in the new fiscal year, the previous year's surplus is returned to the people.
Free market capitalism, path to prosperity
Свободный рынок капитализма, путь к процветанию
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Kazomal
Minister
 
Posts: 2892
Founded: Feb 03, 2010
Left-Leaning College State

Postby Kazomal » Sat Jul 30, 2011 11:37 pm

problem. . .or blessing?
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Lykosia
Minister
 
Posts: 2760
Founded: Jul 06, 2010
Ex-Nation

Postby Lykosia » Sat Jul 30, 2011 11:59 pm

Vit Draken wrote:
Lykosia wrote:According to the financial report from the Ministry of Finance, Lykosia currently has a budget surplus of $1,911,574,132,479.38.


o___o You have a deficit.

that's TRADE deficit, okay. NOT government budget.

But still, according to NSEconomy, we have a trade surplus of $146,311,808,840.89
Last edited by Lykosia on Sun Jul 31, 2011 12:01 am, edited 3 times in total.

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Frenequesta
Powerbroker
 
Posts: 9043
Founded: Oct 22, 2010
Scandinavian Liberal Paradise

Postby Frenequesta » Sun Jul 31, 2011 12:26 am

We're running a small deficit at the moment.
I’m mostly here for... something to do, I suppose.

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Cameroi
Post Marshal
 
Posts: 15788
Founded: Dec 24, 2005
Ex-Nation

Postby Cameroi » Sun Jul 31, 2011 1:17 am

we maintain surpluses, modest but reasonable ones, of every useful nonperishable thing. symbolic value, on a national level, is kind of a non-concept however. we don't have a gross national product. but we do have a gross national happiness index, that tends to stay pretty much well into the green.
truth isn't what i say. isn't what you say. isn't what anybody says. truth is what is there, when no one is saying anything.

"economic freedom" is "the cake"
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Seperate Vermont
Senator
 
Posts: 4772
Founded: Apr 24, 2010
Ex-Nation

Postby Seperate Vermont » Sun Jul 31, 2011 6:39 am

Vermont currently is running a $10 million budget surplus.
No, we are not obsessed with Maple Syrup. Speaking of that, Would you like some 100% Pure Vermont Maple Syrup? We have a surplus this year.
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Beringovia
Diplomat
 
Posts: 749
Founded: Jul 01, 2011
Ex-Nation

Postby Beringovia » Mon Aug 01, 2011 5:39 pm

Due to the global economic crisis the Beringovian government has run deficits for the last four fiscal years, although previously it has usually run modest surpluses.

Our constitution normally requires a balanced budget, although this requirement may be overriden by a 2/3 vote in the Duma. Addtionally, the government is allowed to balance the budget by dipping into a "rainy day" fund of prior years' surpluses.
Last edited by Beringovia on Mon Aug 01, 2011 5:42 pm, edited 1 time in total.

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Makaar
Ambassador
 
Posts: 1572
Founded: Nov 20, 2004
Ex-Nation

Postby Makaar » Mon Aug 01, 2011 6:22 pm

Makaar is currently operating at a surplus of approximately S. 10 trillion (US$17.9 trillion), though previous years' budgets have been at a deficit.

The surplus is used primarily to pay off outstanding debts; this year, 40% of the surplus went towards paying off debt accrued over previous years. 30% goes to special government projects, such as the construction of the Large Hadron Collider at Toebroon University. 25% is earmarked for foreign aid, and goes to purchasing emergency relief supplies for nations affected by drought or famine, especially in Makaar's region. 5% is saved for emergency use in future years.
Makaar is ranked 323rd in the world for Most Dedicated Public Healthcare.
Makaar is ranked 272nd in the world for Largest Welfare Programs (per capita).
Makaar is ranked 408th in the world for Nicest Citizens.

Like what you see? Get an embassy in Makaar

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Nationalist Tantalus
Diplomat
 
Posts: 967
Founded: Jul 14, 2011
Ex-Nation

Postby Nationalist Tantalus » Mon Aug 01, 2011 6:42 pm

As Tantalus is a relatively isolated planet in the Milky Way, we have neither a trade surplus nor a deficit. We are as proudly independent as the ancient Terran Chinese...

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Occupied Yugoslavia
Attaché
 
Posts: 90
Founded: Jun 02, 2011
Ex-Nation

Postby Occupied Yugoslavia » Mon Aug 01, 2011 7:15 pm

The Yugoslav Government is currently running a surplus.

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Yohannes
Postmaster-General
 
Posts: 13162
Founded: Mar 17, 2010
Ex-Nation

Postby Yohannes » Mon Aug 01, 2011 8:04 pm

The Kingdom of Yohannes has a massive trade and financial surplus annually, with the bulk, approximately 45% of the universal standard dollars accumulated into the Federal Government's exchange reserve, coming from its worldwide foreign direct investment (FDI) participations and highly competitive arms engineering sectors.
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Arivali
Envoy
 
Posts: 229
Founded: Jun 15, 2011
Ex-Nation

Postby Arivali » Mon Aug 01, 2011 8:29 pm

According to my treasurer we have a 35billion surplus.

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RandomGuyNation
Diplomat
 
Posts: 636
Founded: Apr 01, 2011
Ex-Nation

Postby RandomGuyNation » Mon Aug 01, 2011 9:36 pm

Sometimes we have a surplus, and other times we have deficits Our economy is somewhat unstable and unpredictable. Currently, though, we have an 18 billion Credit surplus.

Note: The Above information is based off of NSEconomy. Check RandomGuyNation's NSEconomy page for more details.
Embassy Programme
Epic Song (Snowflake)
Strength, Peace, and Opportunity
MARSTAT 1-Threat Confronted. War is imminent.
MARSTAT 2-All regular military units are mobilized for conflict. Reserve units may also have been mobilized. Nuclear weapons arsenal is prepared for deployment if directed to do so by the President.
MARSTAT 3-All soldiers on leave are recalled to their bases. Regular military units begin mobilization. Reserve units also begin mobilization if directed to do so by the President.
MARSTAT 4-Threat Comprehended. All leaves canceled.
MARSTAT 5-Threat Identified. Increased intelligence watch.
MARSTAT 6-Peace.

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Threlizdun
Post Marshal
 
Posts: 15623
Founded: Jun 14, 2009
Left-wing Utopia

Postby Threlizdun » Mon Aug 01, 2011 9:38 pm

Sungai Pusat wrote:Neither, considering the nation has no government.

This, added to the fact that currency is no longer used either.
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New Embossia
Ambassador
 
Posts: 1567
Founded: Jun 28, 2010
Ex-Nation

Postby New Embossia » Mon Aug 01, 2011 9:41 pm

We go from Deficit to Surplus every now and then. Depends if we're mad or not.
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DEFCON: 5

Please refer to as The United Republic or New Embossia or the Kingdom of Yagrun.

**New Embossia**

I RP as The United Republic of New Embossia and the Kingdom of Yagrun

I'm a devout Catholic and I support LGBT rights
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Hornesia wrote:Homosexuality may be a sin, but Jesus died for your sins. Therefore, feel free to gay it up.

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Rotovia-
Diplomat
 
Posts: 593
Founded: Jun 02, 2005
Ex-Nation

Postby Rotovia- » Mon Aug 01, 2011 10:06 pm

Constitutional Republic of Rotovia
Ministry for Finance
Department of the Treasury


The Republic has a forcasted budget surplus of: $12,485,290,457,355

Dr. Allan Bouxtre (BA, MBA, Phd)
Associate Under Secretary
Office of Budget Estimates
Department of the Treasury
Ministry for Finance

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Swietomierza
Bureaucrat
 
Posts: 54
Founded: Jun 03, 2011
Ex-Nation

Postby Swietomierza » Mon Aug 01, 2011 10:11 pm

The Empire of Swietomierza has a balanced budget, although it is experiencing a Trade Surplus of nearly 109 billion Marks.

- Stracke

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The House of Petain
Minister
 
Posts: 2277
Founded: Jun 19, 2011
Ex-Nation

Postby The House of Petain » Mon Aug 01, 2011 10:28 pm

Our trade deficit is $3,456,389,895.41
Michael Augustine I of the House of Petain

Founder, Chief Executive & Emperor of Westphalia
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Rotovia-
Diplomat
 
Posts: 593
Founded: Jun 02, 2005
Ex-Nation

Postby Rotovia- » Mon Aug 01, 2011 11:28 pm

The House of Petain wrote:Our trade deficit is $3,456,389,895.41

OOC: The question is about the balance sheet of the national budget, not international trade

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Yohannes
Postmaster-General
 
Posts: 13162
Founded: Mar 17, 2010
Ex-Nation

Postby Yohannes » Mon Aug 01, 2011 11:31 pm

Rotovia- wrote:
The House of Petain wrote:Our trade deficit is $3,456,389,895.41

OOC: The question is about the balance sheet of the national budget, not international trade


Ooc: And you are not the OP. Just telegram him (The House of Petain) nicely instead of interjecting him with ooc reply. Simple aye.
The Pink Diary | Financial Diary | Embassy Exchange | Main Characters
The Archbishop and His Mission | Adrian Goldwert’s Yohannesian Peace | ISEC | Retired Storytelling Account
Currency | HASF Materials | Bank of Yohannes | SC Resolution # 237 | #teamnana | Posts | Views
Retired II RP Mentor | Yohannes’ [ National Flag ] | Commended WA Nation
♚ Moving to a new nation not because I "wish to move on from past events," but because I'm bored writing about a fictional large nation on NS. Can online personalities with too much time on their hands stop spreading unfounded rumours about this online boy?? XOXO ♚

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The Merchant Republics
Powerbroker
 
Posts: 8503
Founded: Oct 25, 2010
Ex-Nation

Postby The Merchant Republics » Tue Aug 02, 2011 4:42 am

By law, no state of the Republics may owe debt to any other except in times of war or emergency, thus all Republics operate on a strict budget surplus, if the surplus gets too high, the saved money usually ends up being spent on some grand pageantry or public works, or otherwise given back in the form of one time tax refunds.
Your Resident Gentleman and Libertarian; presently living in the People's Republic of China, which is if anyone from the Party asks "The Best and Also Only China".
Christian Libertarian Autarchist: like an Anarchist but with more "Aut".
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Economic: Left/Right (7.55)
We are the premiere of civilization, the beacon of liberty, the font of prosperity and the ever illuminating light of culture in this hellish universe.
In short: Elitist Wicked Cultured Free Market Anarchists living in a Diesel-Deco World.

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