Nadiya

[Svetlana]

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Coinciding with the school year and end of the administrative vacation, the Nadiyan Central Bank has finally released its annual report on the status of the Confederation's finances and their forecast for the upcoming years, and let's just say that the report has delivered a lot of good news.

For starters, Nadiya has managed to lower its debt back to 20% of GDP after 15 years of intense budgeting under the supervision of the NCB's board of directors. The debt being brought back to 20% means, especially for the political parties in parliament, that the Bank will finally loosen their financial leash and restore the 3% deficit debt brake recently introduced by the Constitutional Convention following a petition from the NCB.

With the NCB loosening her grip, the incumbent government under Songhyon will be able to freely carry out their promises on raising the NLW, national liveable wage, and hike up the defense, something the government announced in their speech of general policies 3 years. 

Furthermore, the NCB reported that the Nadiyan economy had a yearly growth of 8,4% with the second quarter of the 5698 financial year recording a growth of 13%. The main source of this growth comes from Nadcomp and Nadyrail's ongoing Veins of Prosperity project with the inauguration of the Keristream-2 and 3 pipelines alongside the Rodashyam-Altéa high speed rail line after NEKK's capital, Pontesi, was connected to Petrograd via a new HSR line.

To sum it up, the Nadiyan Confederation has been on a trend of positive growth and financial developments as it institutions continue showing their long-standing stability even tho the country's democratic mechanisms make it one of Terra's only examples of a direct democracy being carried out correctly.

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Written by @NNN