Economy Update
stonks become stronks
The stats will be heavily useful in your journey for exploring this update!
Budgets
Every country will have an “Allocated Budget” (each country has 100% of a budget to give for each budget category. (Relating to allocation: setting above 100% in any budget category will result in a loss of money for said country, and setting below 5% in any budget category will result in a decrease of stability.) (types of budgets explained in “Budgeting”)
The budget will be decided by the chairman of said country, who can choose the budget through numerous methods (ie, stability, GDP growth, income, treasury)
The chart is included in a tab on the Huggie World Statistics spreadsheet called “Allocated Budgets.”
You can get bonuses or debuffs based on how much of the budget is spent where,
Inflation & currency type affect your economy (ie, the Huggie Union has high inflation, so stability will likely be lowered)
Budgeting
Military Budgeting (AB) affects army ratings (all army ratings) (under 5% allocation results in higher desertion rates)
Medical Budgeting (MB) affects life expectancy, medicine rating, and additional categories pertaining to medicine and the medical industry
Civilian Budgeting (CB) affects infrastructure, eco buildings (sometimes), building ratings, and work safety
Industry Budgeting (IB) affects oil rigs, power plants, railroad tracks, cargo terminals, airports, and tree coverings
Loans
Loans can be taken out through the said country’s banking systems
To pay off loans (ie, for war debt or money for buying companies), you can cut an amount of budget out of something for a little while to pay off the loan, or you can use money from your country’s treasury
Treasury
Taking money from your treasury is a quick way to pay off loans, but you can only take out 100 billion (0.1 trillion) every 7 real days. The more times (loans) you do this, there is a chance that your stability will be lowered by 5-10%. A 1d10 dice will determine this [1-5 no chance, 5-10 lowered] (based on how many times you’ve done this)
1 loan - N/A
2 loans - N/A
3 loans - chance to be lowered by 5%
4 loans - chance to be lowered by 5%
5 loans - chance to be lowered by 7%
6+ loans - chance to be lowered by 10%
Stocks & Investing
Socialist countries can invest in companies (ie, through state-owned enterprises (SOEs), sovereign wealth funds, government-directed investment funds, or direct investment into a corporation/company). To not get stability debuffs, investments should focus on sectors like healthcare, utilities, and technology, as well as those that can improve the country's greater good. Countries can achieve public goals rather than private profit.
Capitalist and other countries with different political philosophies other than non-free market philosophies can do the same mentioned above; however, a stability debuff will apply to the country.
The stock patch will be released alongside the inflation patch a few days after the Economy Update is released, so that it can be fully polished.