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Economy of Vallejar: Difference between revisions
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The amount of money generated by internal trade and the labor market, with an unemployment rate of 2.3%, is approximately 710 billion, representing around 63.53% of the GDP. Tax revenue is estimated to be approximately 142 billion, accounting for 12.11% of the GDP. The remainder of the GDP is based on market operations conducted by the government, contributing 463 billion, which is approximately 39.47% of the GDP. This results in a total of 605 billion available for the state to invest and finance public sectors, constituting approximately 51.58% of the GDP. | The amount of money generated by internal trade and the labor market, with an unemployment rate of 2.3%, is approximately 710 billion, representing around 63.53% of the GDP. Tax revenue is estimated to be approximately 142 billion, accounting for 12.11% of the GDP. The remainder of the GDP is based on market operations conducted by the government, contributing 463 billion, which is approximately 39.47% of the GDP. This results in a total of 605 billion available for the state to invest and finance public sectors, constituting approximately 51.58% of the GDP. | ||
{| class="wikitable" | |||
|Year | |||
|Vallejar's GDP | |||
|- | |||
|2001 | |||
|721 Billion | |||
|- | |||
|2004 | |||
|778 Billion | |||
|- | |||
|2008 | |||
|843 Billion | |||
|- | |||
|2011 | |||
|763 Billion | |||
|- | |||
|2015 | |||
|826 Billion | |||
|- | |||
|2019 | |||
|911 Billion | |||
|- | |||
|2023 | |||
|854 Billion | |||
|- | |||
|2027 | |||
|987 Billion | |||
|- | |||
|2030 | |||
|1,047 Trillion | |||
|- | |||
|2032 | |||
|1,173 Trillion | |||
|} | |||
== State expenses == | == State expenses == | ||
Vallejar is characterized by having a diversified, well-planned 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." | |||
Expenses are divided into two categories: [[Ministrys of Vallejar|Ministerial]] and Special. (The percentage of expenses is based on the total budget, not the GDP.) | |||
=== Ministerial: === | |||
These are the expenses and investments, representing the percentage of the total budget allocated to the various ministries that make up the Vallejarian government. These investments are defined by the general state budgets promulgated by the government. These expenses are flexible and not solely based on general budgets; they are also influenced by the political, economic, and social context of the nation. | |||
=== Special: === | |||
These are expenses and investments representing the percentage of the budget invested in special areas of the economy or sent to areas different from the ministerial ones for direct investment or for the "[[Vallejarian Development Fund]]", which has been accumulating 5% of the total budget since the king, in 2001, approved the royal decree consolidating its creation. The money in the fund and that not invested in ministries can be used freely by the national government, always within the terms of the law. | |||
The expenses by ministry (data from 2032) are as follows: | |||
==== Security and Justice: ==== | |||
Investment: 16.7 billion (2.76% of the total budget) | |||
This ministry ensures the safety and integrity of all Vallejarians, providing economic resources for the state police, the national guard, and various special security forces throughout Vallejar. It also includes justice, responsible for the proper functioning of the courts and penitentiary centers. | |||
==== [[Vallejarian army Forces|Defense:]] ==== | |||
Investment: 27.2 billion (4.5% of the total budget) | |||
This ministry is responsible for maintaining national security and sovereignty against any threat, internal or external. This is achieved by investing in the preparation, training, guidance, modernization, and construction of a competent and prepared army. The ministry also has the option to invest in the private military sector for the improvement of both the economy and overall defensive power. It also has the ability to manage military schools alongside the Ministry of Education. | |||
==== Education: ==== | |||
Investment: 14.6 billion (2.41% of the total budget) | |||
This ministry, along with its counterparts, manages, maintains, finances, and constructs all educational centers in Vallejar, regardless of their nature and origin. The ministry is responsible for improving and promoting the quality of educational centers, the materials used, the method of education, and the content of subjects. This is aimed at promoting love for education and learning, along with the religious values of the nation, patriotism, and the value of effort through meritocracy. | |||
==== Economy: ==== | |||
Investment: 8.3 billion (1.37% of the total budget) | |||
This ministry is responsible for analyzing the general economy of the state and economic sectors. It analyzes them meticulously to present detailed reports on the situation of each, to make effective responses if necessary. It also has the capacity, alongside the Ministry of Foreign Affairs, to analyze external economies, their sectors, products necessary in Vallejar, and possible beneficial exports according to the context of each country. | |||
==== [[Public healthcare system of Vallejar|Health:]] ==== | |||
Investment: 16.5 billion (2.73% of the total budget) | |||
This ministry is responsible for managing, maintaining, financing, and constructing all health centers in Vallejar. It defends and maintains the right to public and universal health care. It also invests in and researches techniques and technologies to improve the quality of life and ensure the health of the population. It also conducts health awareness campaigns and, alongside the Ministry of Education, manages medical-educational centers. Thanks to the medical and pharmaceutical sector, it has the capacity and competencies to invest in the private sector for the improvement of the sector in both areas. | |||
==== [[Transportation infrastructure of Vallejar|Infrastructure:]] ==== | |||
Investment: 34.1 billion (5.64% of the total budget) | |||
This ministry is responsible for managing, maintaining, and constructing all infrastructure in Vallejar, on land, sea, and air, including roads, railways, bridges, tunnels, airports, and ports. The responsibilities of this area belong solely to the Ministry of Infrastructure, which must ensure the quality of all infrastructure and technological development in the sector, such as high-speed trains, effective safety measures, more efficient and less polluting planes, cars, and vessels. | |||
==== Interior: ==== | |||
Investment: 15.8 billion (2.61% of the total budget) | |||
This ministry is responsible for overseeing all others to ensure effective, efficient, and real management. It prevents bad investments, corruption, and deficits, and also creates economic and criminal investigation commissions into public | |||
figures as deemed necessary. Funding is provided for the maintenance of all commissions and departments within the ministry. | |||
==== Foreign Relations: ==== | |||
Investment: 9.2 billion (1.52% of the total budget) | |||
This ministry is responsible for everything related to relations with foreign states. It manages embassies, consulates, and foreign military bases in conjunction with the Ministry of Defense. It helps foster relationships between states and secure beneficial agreements for Vallejar in global geopolitics. | |||
==== Society: ==== | |||
Investment: 184.7 billion (30.53% of the total budget) | |||
As the ministry in which the highest amount of economic resources is invested, this is the ministry with the most responsibilities, different offices, and importance. It deals with everything directly related to Vallejarian society, its form and quality of life, and its economy. It aims to improve these aspects from the government with investments in various areas, including culture, housing, transportation, commerce, employment, industry and energy, agriculture, livestock and fishing, research, development, and investigation, general public services, transfers to public administrations, and other public benefits, among others. | |||
=== Special Expenses: === | |||
==== [[Vallejarian Development Fund:]] ==== | |||
This fund was created in 2001 by the king to have liquidity reserves as a backup, separate from the national treasury, for investment and economic stimulation in any sector where it is urgently and quickly needed. As of January 1, 2033, it has only been used twice partially in times of widespread global instability. As of the same date, the development fund has approximately 1.096 trillion in reserve. | |||
==== [[Vallejarian National Reserve:]] ==== | |||
This is the official monetary reserve of Vallejar, which backs investments and the value of the currency. It also serves as a significant influence in global geopolitics. This reserve has never been used since its creation in 1845. The reserve increases thanks to the additional 5% added by the state budgets each year, resulting in the national reserve accumulating 4.305 trillion in gold. | |||
International Aid Fund for Developing Countries: | |||
This fund is composed of 15% of the annual budget as a rule, although it can vary or even disappear depending on the economic, global, and national context; it is subject to changes. The fund implies the total management of money allocated for international aid and also commissions that manage those resources to be invested effectively. | |||
International Loans: | |||
This section is related to the Ministry of Foreign Affairs, which manages these resources. These loans are granted to states, companies, or international or foreign entities with urgent economic needs, usually with an interest rate lower than the global average. These loans are granted with the aim of helping entities in need of economic liquidity and also benefiting from it. The Ministry of Foreign Affairs sets the clauses with the approval of the general government. This section receives 10% of the state's annual budget, i.e., 60.5 billion. | |||