The ECB declines to issue an economic impact report on the Lazarus Act until the MGA complies with posted ECB requirements and submits a proposed economic impact report with his bill.
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The ECB agrees with the MGA's analysis of the Openness in Government Act (OGA), and expects the funding to come from excess receipts and other funds available in the Government Administration budget line.
Preliminary Economic Impact Report: Lazarus Act
It is hoped that the convict labor would cut costs for construction and educated convicts who have experience with finances could aid in managing the prison's budget[under supervision of course]. The costs of hiring accountants for prisons would be cut. With the use of convicts outside of prisons, costs to power the building would also be cut.
It is hoped that the convict labor would cut costs for construction and educated convicts who have experience with finances could aid in managing the prison's budget[under supervision of course]. The costs of hiring accountants for prisons would be cut. With the use of convicts outside of prisons, costs to power the building would also be cut.
The ECB considers the impact of the Campaign Finance Act to be minimal. There will be no economic effect.
The ECB does not support the analysis provided for the Eutopian Criminal Re-Education and Correction Act. The ECB has determined that the entire program will cost .5 BP.
The ECB does not support the analysis provided for the Eutopian Criminal Re-Education and Correction Act. The ECB has determined that the entire program will cost .5 BP.
This bill directly changes this budget, and no extra budgetary changes apart from those specified by the bill are expected.
The effects of the Package are prima facie apparent, and the ECB sees no reason to disagree with the MGA's conclusion that there will be no other direct budgetary impact.
New Bengal Reconstruction Act
Part I. Voluntary Funding
A. Any minister or the President may voluntarily submit an unused portion of their budget to fund reconstruction in New Bengal to be spent as shown in Part III.
B. This funding will be in effect only until the end of this term and does not constitute a permanent decrease in the budget of the affected area. The normal funding level shall immediately resume in the next term.
Part II. Involuntary Funding
A. Any two members of the GA may propose a temporary involuntary decrease in funding for a ministry with-in 1 week (OOC: Real time for all times unless otherwise specified) of the passage of this act to be spent as shown in Part III. The members should specify the reasons for seeking the temporary decrease.
B. The minister shall have at least 3 days to submit his reasons for supporting or not supporting the decrease.
C. After 10 days all decreases, with accompanying statements from the respective ministers, shall be submitted before the GA as emergency legislation.
D. After no more than 2 days of debate each decrease shall be voted upon separately. All such votes shall run concurrently.
E. Any decrease receiving more than 50% of the vote of the GA shall be passed to the President for signature or veto. The President may sign or veto each decrease as he sees fit with-in 36 hours. Any decrease not veto or signed with-in 36 hours will be automatically approved.
F. Any decrease in funding will be in effect only until the end of this term and does not constitute a permanent decrease in the budget of the affected area. The normal funding level shall immediately resume in the next term.
Part III. Distribution of Funds
A. All funds will be given to the Tilapian government to be distributed as they see best. All moneys will continue to be monitored by the open accounting system that Tilapia has already established.
A. A 7 person board shall be established to distribute the funds allocated in Parts I and II.
B. 3 members of the board shall be appointed by the Tilapian Federal Government
C. 3 members of the board shall be appointed by the Provincial New Bengal Government
D. The chairperson shall be approved by at least 6 members of the board and shall have permanent residence with-in the United Provinces of Eutopia. The chairman shall vote only in the case of a tie.
(OOC: Key bold equals current italics equals previous submission)
Part I. Voluntary Funding
A. Any minister or the President may voluntarily submit an unused portion of their budget to fund reconstruction in New Bengal to be spent as shown in Part III.
B. This funding will be in effect only until the end of this term and does not constitute a permanent decrease in the budget of the affected area. The normal funding level shall immediately resume in the next term.
Part II. Involuntary Funding
A. Any two members of the GA may propose a temporary involuntary decrease in funding for a ministry with-in 1 week (OOC: Real time for all times unless otherwise specified) of the passage of this act to be spent as shown in Part III. The members should specify the reasons for seeking the temporary decrease.
B. The minister shall have at least 3 days to submit his reasons for supporting or not supporting the decrease.
C. After 10 days all decreases, with accompanying statements from the respective ministers, shall be submitted before the GA as emergency legislation.
D. After no more than 2 days of debate each decrease shall be voted upon separately. All such votes shall run concurrently.
E. Any decrease receiving more than 50% of the vote of the GA shall be passed to the President for signature or veto. The President may sign or veto each decrease as he sees fit with-in 36 hours. Any decrease not veto or signed with-in 36 hours will be automatically approved.
F. Any decrease in funding will be in effect only until the end of this term and does not constitute a permanent decrease in the budget of the affected area. The normal funding level shall immediately resume in the next term.
Part III. Distribution of Funds
A. All funds will be given to the Tilapian government to be distributed as they see best. All moneys will continue to be monitored by the open accounting system that Tilapia has already established.
A. A 7 person board shall be established to distribute the funds allocated in Parts I and II.
B. 3 members of the board shall be appointed by the Tilapian Federal Government
C. 3 members of the board shall be appointed by the Provincial New Bengal Government
D. The chairperson shall be approved by at least 6 members of the board and shall have permanent residence with-in the United Provinces of Eutopia. The chairman shall vote only in the case of a tie.
(OOC: Key bold equals current italics equals previous submission)
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Please note that there have been some changes as to the distribution of funds, but nothing which the President expects will change its economic impact.
The budgetary impacts of the NBRA are apparent. There may, however, be indirect economic impacts depending on which Ministries make their excess receipts available and what programs are not thereby implemented. Such impacts are too speculative for the ECB to issue a report on at this time.
Submitted for assessment:
Expected impact: the bill is unlikely to affect government spending significantly. For a short period of time a slight rise in unemployment may be expected, but evidence from abroad suggests this trend will soon reverse itself and lead to increase in GDP/capita.
Expected impact: the bill is unlikely to affect government spending significantly. For a short period of time a slight rise in unemployment may be expected, but evidence from abroad suggests this trend will soon reverse itself and lead to increase in GDP/capita.
Submitted for assessment:
The issuacne of this bond should not effect the Eutopia economy in any major way. The amount of the bonds total only 1 BP which is less than 1% of the national budget. Repayment burden will be insignificant , only amounting to appox. 0.104 BP per year or 0.312 BP per term through the term 17 budget period.
The issuacne of this bond should not effect the Eutopia economy in any major way. The amount of the bonds total only 1 BP which is less than 1% of the national budget. Repayment burden will be insignificant , only amounting to appox. 0.104 BP per year or 0.312 BP per term through the term 17 budget period.
"Would it be possible for the ECB to conduct a investigation into the bureacracy of the National Government, giving advice afterwards on which rules and laws could/should be cut and which bureacrats could/should be cut?"
"Would it be possible for the ECB to conduct an investigation into the bureacracy of the National Government, giving advice afterwards on which rules and laws could/should be added and which bureacrats could/should be added to promote better services to the Eutopian people?
As previously stated, the ECB can only respond to specific proposals, and only fiscally. In this instance, the proposed requests are in the nature of policy decisions, and wholly outside the province of this agency.
I would like to have an impact report for the following legislation.
It is my personal opinion that the costs of this committee wil certainly not exceed 0.1BP, comming out of the Finance Budget."
It is my personal opinion that the costs of this committee wil certainly not exceed 0.1BP, comming out of the Finance Budget."
The Office of the President requests an economic impact statement for the amendment to the New Bengal Reconstruction Act recently proposed by Speaker Vandelft.
The Office of the President asks for agreement that this bill will incur costs less than 0.1 BP.
On the basis that funding for this bill comes from reallocating money already earmarked to be spent elsewhere, it is our belief that this bill will not significantly affect the economy in the short term.