Delepasian Commonwealth: Difference between revisions

==Economy==

[[File:Foto_3_Visita_Salazar_obras_Ponte_Coimbra015.jpg|thumb|400px|[[Fernando Pascual|Pascual]] observing a bridge maquette, 1986]]

The most overriding problem with the economies of the Delepasian polities was their enormous public debt. The public deficit kept on growing, and some of the polities have attempted to obtain loans from both private and public entities, but the conditions were considered to be unacceptable. With these polities under threat of imminent financial collapse, Pascual was made the Financial Minister of Rosario in 1931 under the personally-secured assurance from the country's president, [[Isador de Santa Anna]], that he would have a free hand in vetoing expenditure in all government departments and not just his own. Pascual was the financial imperator from the day he took office. Within a year, armed with special powers granted to him by de Santa Anna, Pascual balanced the budget and stabilised Rosaria's currency. By restoring order to the national accounts, enforcing austerity, and red-penciling waste, Pascual had produced the first of many budgetary surpluses, an unparalleled novelty in the Delepasian polities. This would be followed by the other Delepasian polities copying what Rosaria did to balance the budget which too were met with budgetary surpluses.