KS #1 - 28/08/1954 - 1 Naula
KALAPORTTI SANOMAT
New budget unvailed!KALAPORTTI SANOMAT
The Federal Government has unvailed the Government Spedning Budget of this Fiscal Year. Defense has seen a rise of 2% at 9% of the total FGB, Healthcare and Education have both risen by 4 units at 14% and 15% and Welfare has risen by 1%. All other parts of the budget remain at the same level. The new Department of Oil and Natural Resources has seen its first budget become a record at 12% from day one. The recent oil surveys on the nation's coasts have given the government hope that with enough funding Karolnia's economy and GDP per capita might improve to respectable if not exemplary levels, contrary to the current levels which place the poor fishing and whaling nation near the regional bottom.
Oil Surveys near North and Northwest Coasts show promising results!
The recent oil Surveys have come back with positive results. According to them the North and Northwest coast might have even larger qunatities of oil than originally anticipated. The government however has calmed the populace down saying that while the finds are something to celebrate about they aren't even close to what is needed to export oil in profitable quantities, much less reboot the Karolnian economy. The government has however stated these finds may help in creating jobs and making Karolnia self-dependent, to a certain degree.
OTHER NOTABLE NEWS
Sylvanian President dies - Karolnian Embassy flag at half mast for a week
Vithrais passes anti-anarchist law in response to terror campaign worlwide
Tensions between Bourgogne and Belmont over Colonial Crisis