Nation Name: The Constitutional Monarchy of Aquitayne
National Government Type: Constitutional Monarchy
Finance Minister, Minister of Economics, or Equivalent: Sir Hiori Titsume
National Central Bank: Ministry of the Treasury
Central Bank Head: Lady Marie Teimas
Please Describe the Central Bank's Role: The Ministry of the Treasury is responsible for the funding of the government of the Kingdom, as well as monitoring the collection of taxes across the nation. Occasionally, in times of economic hardship, the treasury may inject the Aquitaynian market with stimulus funding, be it in bonds or corporate loans, to assist in re-igniting the growth for that fiscal year.
Is your nation reliant on exports for economic growth?: Yes
Is your nation reliant on imports for certain commodities?: Yes
Inflation Rate: 0.76
Real GDP: $2.980 Trillion
Total Government Reserves: N/A
Unemployment Rate: 4.5%
Does your nation follow an Expansionary Monetary Policy?: Yes, when the economy demands it.
Does your nation follow a Contractionary Monetary Policy?: Yes, when the economy is in good standing.
Does your nation face a national budget surplus? No
Does your nation face a national budget deficit? Yes
What is the value of the surplus/deficit (for this year) in USD? The total national debt for Fiscal Year 2013 was $652,285,290,526.25
What are the budget projections for next year? The projections for FY2014 are a reduction of the deficit by at least $100bn.
When was the last time a major change in fiscal policy occurred? 25 years ago
What was the result of the change? A redaction of the old policy of socialist investment into all large corporations deemed 'too big to fail', and the allowance of open market capitalism rather than close marketed government stimulus.
How long has the deficit/surplus lasted? The deficit has lasted for 6 years.
What is the debt to GDP ratio? 0:2
What is the revenue to real GDP ratio? $1.873 trillion
what is the expenditure to real GDP ratio? $2.857 trillion
Has your nation ever defaulted? No
If so, how many times and when? What is the current political climate in your nation? The current political climate of Aquitayne is stable and friendly.
Are there any signs of major dissent? No
Is your economy expected to continue growing? Yes
Briefly describe your economy: The Astyrian Economy and Aquitayne's Invisible MarketBriefly describe your nation's fiscal history: Mostly socialist policies until the late 20th century, and we now embrace a somewhat lassaiz-fair market capitalism.