Livonian debt still looms
President Lakima stated Monday that Livonia should be concerned with its sizable international debt. The debt, which peaked at 235 Billion New Florins with inflation adjustment, now sits at 72 Billion New Florins or 28 Billion Frankish Thaler. The debt, accumulated under the dictatorial National Republic, was soared from 1967 to the late 1980s.
"We must not take our eye from our burden. The return of democracy comes at a price. We cannot end the practice of fiscal reconciliation" said Lakima. When asked if Lakima or the Rehga were planning to issue new tariffs; Lakima stated he had "no personal intentions of raising or issue new taxes".
Tough immigration laws ending?
A new bill being placed in front of the Rehga would make it easier for foreign nationals to travel to Livonia. The bill, submitted Thursday, is scheduled for debate as early as next Monday. Currently, laws require foreigners to obtain a Blue Pass from the Livonian Foreign Ministry. "We must modernize ourselves" said a statement from the Foreign Ministry.
The new bill is expected to open tourism and travel to Livonia. President Lakima stated that he was hopeful that the proposed laws would take effect soon. "As we move forward to join the rest of the world, it is important we remain an open country. We must open our arms to the world"
NOTE: Nation name not changed yet by admin to Livonia
President Lakima stated Monday that Livonia should be concerned with its sizable international debt. The debt, which peaked at 235 Billion New Florins with inflation adjustment, now sits at 72 Billion New Florins or 28 Billion Frankish Thaler. The debt, accumulated under the dictatorial National Republic, was soared from 1967 to the late 1980s.
"We must not take our eye from our burden. The return of democracy comes at a price. We cannot end the practice of fiscal reconciliation" said Lakima. When asked if Lakima or the Rehga were planning to issue new tariffs; Lakima stated he had "no personal intentions of raising or issue new taxes".
Tough immigration laws ending?
A new bill being placed in front of the Rehga would make it easier for foreign nationals to travel to Livonia. The bill, submitted Thursday, is scheduled for debate as early as next Monday. Currently, laws require foreigners to obtain a Blue Pass from the Livonian Foreign Ministry. "We must modernize ourselves" said a statement from the Foreign Ministry.
The new bill is expected to open tourism and travel to Livonia. President Lakima stated that he was hopeful that the proposed laws would take effect soon. "As we move forward to join the rest of the world, it is important we remain an open country. We must open our arms to the world"
NOTE: Nation name not changed yet by admin to Livonia