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Economy of Vallejar: Difference between revisions
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== Economic Sectors == | == Economic Sectors == | ||
Vallejar's economic sectors are diverse, distinct, and economically broad, contributing to a well-diversified | Vallejar's economic sectors are diverse, distinct, and economically broad, contributing to a well-diversified economy. These sectors are managed and maintained according to their own contexts and hierarchical characteristics. In some cases, the state may acquire ownership stakes in companies and even be part of their management teams. There are also instances where companies in a particular sector are wholly publicly owned and explicitly serve the needs of the people and/or the government. Each sector is composed of [[Vallejar Companies|organizations, businesses, or productive associations]], representing the most basic unit of the economy. | ||
=== Agriculture, Livestock, and Food Production and Distribution === | === Agriculture, Livestock, and Food Production and Distribution === | ||
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== State expenses == | == State expenses == | ||
[[File:State expenses of Vallejar.png|thumb|State expenses of Vallejar]] | [[File:State expenses of Vallejar.png|thumb|State expenses of Vallejar]] | ||
Vallejar is characterized by having a diversified | Vallejar is characterized by having a diversified economy with austere spending. This doesn't mean that little is invested in public services and their maintenance; rather, by law, both the national government and those of the small municipalities and cities are prohibited from running any kind of deficit and debt, except in cases of extreme importance, danger, or instability, such as war, a pandemic, or a global crisis. In such extreme cases, any loan or deficit must be approved by the general government. | ||
Government spending is tightly controlled, with meticulous oversight of each investment, minimizing corruption cases and their impact on economic resources. Moreover, penalties for corruption, embezzlement, and other forms of public fund manipulation include life imprisonment, as it is considered "a theft from the effort and work of all Vallejarians." | Government spending is tightly controlled, with meticulous oversight of each investment, minimizing corruption cases and their impact on economic resources. Moreover, penalties for corruption, embezzlement, and other forms of public fund manipulation include life imprisonment, as it is considered "a theft from the effort and work of all Vallejarians." | ||