Gaduridos

[Elena1012]

Congress passes the "Stability, Action, and Support Act"; Relief and Economic Stimulus to come to the economy.
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January 2nd, 5719
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While the economic situation certainly isn't falling into depression, the economy has seen better days, being (understandably) the most pressing issue for Gaduri across the country. With the new year starting, Congress has been able to, thanks to a firm PSSG majority, passed the Stability, Action and Support Act (SASA). What exactly does the SASA do? Well, it looks to provide Stability, Action and Support to the economy and prevent the malaise from turning into a national despair. The first thing SASA does is reaffirm that the state will support PeGad, and effective immediately, all layoffs will seize, temporary emergency funding will be injected into PeGad, and all worker contracts will be renewed for a fixed period of 6 to 12 months. PeGad will remain supported, both as a major state employer, and as a source for exports and state revenue. 

Furthermore, to ensure unemployment doesn't become a silent issue, while Congress is discussing a formal establishment of a Public Works Program, a full nation wide one, the Duchies will be given authority on enacting a small scale public works program, mostly looking to support vital infrastructure maintenance (roads, the Gaduri portion of the Trans-Seleyan Railway, logistics hubs, etc etc), as well as minor urban works projects. The goal is to keep people earning, and prevent unemployment from rising, and getting Gaduri employed. Finally, support for businesses will be offered via temporary tax deferrals, low interest state backed credit lines, and specifically support for trade related firms (as restoring Gaduridos as a trade hub is major concern for the de la Cruz administration).  The Ministry of Commerce has confirmed that the question of a new domestic currency will be resolved, but right now, stability will be vital before any currency reform can be enacted. Deposits are expected to remain safe, no sudden monetary shocks will occur, and when currency reform comes, it will absolutely be gradual.

The de la Cruz administration is certainly trying to focus on restoring economic confidence, and stop the metaphorical bruise from getting worse. While SASA alone can't resolve the economic situation, it's definitely something and something is better than nothing, as nothing only lets the malaise gets worse.
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In Other News;

Continued preparations for the Spring Coronation are being made; Support remains high.

Man attempts to swim from Vintalli to Marligantos; Local authorities stop him.

Iron mines in Manzamal show signs of confidence; Maybe there's some hope for the economy.
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El Mensajero de la Mañana (Morning Courier) is the nationwide daily morning newspaper, located in Gadur.