24-04-2026, 03:04 AM
Wirtschaftsnachrichten für Artania
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Dorvish government passes oil and natural gas funded UBI.
July, 5724
Minister of Finance Niclas Ruh and Dorvish Trade Commissioner Karl von und zu Gießen announced that the State Council had passed legislation providing for the natural gas and oil profits to be shared with the Dorvish people. In a move that has long been debated and often posed controversial in Dorvish politics, the State Council has approved for a percentage of all Dorvish oil and natural gas profits from Northern Oil to be paid directly to the Dorvish people. The exact amount will largely be based on the profit amount generated from such ventures and will managed by the Ministry of Finance, the basic payment however will be fixed yearly and will be publicly provided so that the Dorvish people are aware of that amount. The payments will come monthly at the beginning of the month but individuals can opt for bi-weekly payments in the middle of the month and end of the month or a lump sump payment through their Province's Ministry of Finance representatives.
Dorvik is one of the few countries on Terra that has attempted or "flirted", as some experts state, with the concept of Universal Basic Income (UBI) and several times have tried it for periods of time across the country, notably in Greater Kordusia. A UBI program is maintained in Haldor where each citizen who resides within Haldor's metropolitan region received a basic income of 1,000 Dorvish Dolgars a month and the program has endured for several centuries, with little interruption. The new program, which was proposed by State Chancellor Wilhelm von Bahr to the State Council in late 5723, finally touches on the often stockpiled Dorvish oil and natural gas profits which have long been "hoarded" by the Foreign Economic Council and others according to Ansgar Kornberg, an economics professor at the Saalfeld Institute of Public Administration and Policy of the University of Largonia.
The program is expected to start in January, 5725.