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Economy of Vallejar: Difference between revisions
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==== International Loans: ==== | ==== 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, | 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, 60.5 billion. | ||
==== Various investments and research: ==== | |||
This section receives another 10% of the total budget (60.5 billion), and this is a very special section, since this money is not linked to any law or regulation other than those of good management of public resources, and therefore These can be invested in any of the previous ministries or sections, although normally the resources are destined for various investments and research both in national territory and abroad, this money is managed personally by the king based on the principle of the well-being of the people. | |||
(The remaining economic resources after the period of one year will be distributed as follows: 70% to the Vallejariano development fund and 30% to the national reserve) | |||