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Economy of Vallejar: Difference between revisions
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== State expenses == | == State expenses == | ||
[[File:State expenses of Vallejar.png|thumb|State expenses of Vallejar]] | |||
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. | 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. | ||