Economic Revival Plan

[Michael Dervin OCS]

My Fellow Ocians,

Following the disastrous programme for reform of the Economy and the current economic turmoil in the Ocia Federation, this Administration, is committed to solving these problems and ensuring a competitive and world leading Ocian Economy will emerge from the ashes of the current situation, like a phoenix, it may of gone up in flames but it never died and from these ashes will emerge a new, stronger Ocian Economy.

This Morning, I have taken the following measures, which will be provisionally approved enforced until the Federal Assembly gives its permanent approval to these measures when it meets again in the new year, these new measures are:

• The Government of Ocia and the Exchequer, will as of today, guarantee all savings and funds, in every account in the Central Bank of Ocia, regardless of Amount. This applies to the Central Bank of Ocia only and to all national and non-national account holders in the Central Bank of Ocia. Any monies from any Ocian Citizen not invested in the Central Bank of Ocia, will not be guaranteed nor will any savings not placed into any bank. Therefore, this Government, encourages all Ocian Citizens and our friends from abroad to invest their money in the Central Bank of Ocia, where there money will be State Guaranteed as Safe and Secure, which a no risk investment. Furthermore, the Ocian Government, will be imposing a 2% further DIRT charge on all interest payable to and from the central bank, in order to fund this guarantee and to ensure that funds are available to payout in the event of the collapse of the Central Bank of Ocia. Therefore, it would not take a Einstein to work out, that you money will be far better of in the Central Bank of Ocia and not under you mattress or in your own National Bank, be smart, invest your money in the Central Bank of Ocia today.
  
  
• The Dervin Administration, will be launching in the New Year, in Association with the Central Bank of Ocia, a Special Savings Account (SSA) this account will mean that for every Tolar you invest in the SSA, the Ocian Government will match your investment with a 100% investment, so you put in T1, we put in T1, you put in T2, we put in T2 etc… into your account. This account will also have a interest rate of 12.5% (Actual payment of interest will be 15% - 2.5% DIRT). You will be asked in January next year, to invest in a one of payment into the SSA, you must be able to account for the source of the money you invest into the Account, no “out of the air Tolars” will be permitted. You money will be looked in for 2-3-4 months (tbc) and once your account matures, you will receive the Government 100% top up and the 12.5% interest from the bank, all Tax Free. Full details will be published in the new year and this will only be open to Ocian Citizens Only.
  
  
• The NCSE, will be subject to a Presidential Review after the Christmas Holidays and Bills will be brought to the Assembly on the Conclusion of this review.
  
  
• Corporate Tax is hereby lowered from 12.5% to 10% (diff: -2.5%) and a new scheme will be setup in the new year, in which all new businesses starting in the Ocian Federation, will receive a Start-up Grant from the Government, a amount which will be determined by the Department of Commerce upon application. All current businesses in the Ocian Federation will receive a 20% Tax Return on all corporate tax paid this year, which will be paid as a rebate in January next year.
  
  
• All VAT, Excise Duty and Customs Duty will remain unchanged. However, Customs Duty will be reviewed in the New Year, with a view to raise the current rate from 20% to 25% (diff: +5%).
  
  
• The Office of the President mentioned in its last review of the Economy that we would be looking into the possibility of introducing a Export Duty, this proposal has now been scraped and will not be implemented.
  
  

It is my sincerest hopes that this cash boost into the Ocian Economy, whilst ensuring its security and safe guarding its investors will see the Ocian Economy once again spring back to life and it shall become the pride of every Ocian once more. I look forward to presenting the full bills to the Assembly after the Holidays and I wish you all the very best, over Christmas and may we once again have a preposterous new year.

Thank You,

Michael Dervin OCS,
President of the Ocian Federation

[anthonymontague]

That has to be the most ridiculous series of annoucements regarding the economy in Ocia I have ever heard. I'm sorry Michael, but using the UK's economic policies during a recession as Ocia's is plain stupid.

[Michael Dervin OCS]

Firstly, I would like to point out that as far as I am aware, not one of the above has been used by the UK, I did not slash VAT rates as they did in the UK, nor did I adopt anything they did in the UK. This plan is meant to get people to save and spend money in the Ocian Economy and attrach businesses to Ocia. By Ocians encouraged to saving thier money in a safe place, with their saving fully secured, in a Ocian Bank, which supports Ocian Businesses, creating a flow of money inside the Ocian Economy, whereas people are currently just saving thier money up in God know where and not spending a penny. This plan will produce a Economy in which money will not be pulled out of the air, but their will be a paper trail, unlike the current system, which to be quite frank is a terrible mess and I don't think anyone here knows what is what.

Secondly, the SSA, will ensure that people will save and spend their money when it has matured or invest it in shares/stocks in the NCSE, which should be completely reformed by the time the SSA have matured. Making sure, that once we have the Ocian Economy back on track and all setup there is money to spend in the Economy, rather than having a economy setup and no one spending anything and no one knowing what is what.

I do not think this plan is stupid and since you cannot seem to offer any better suggestions & be constructive rather than being destructive. This plan will be debated in the Assembly when it re-opens and it will be amended as a result of that debate. This plan is merely a foundation in which the Ocian Economy will be built upon and it will, hopefully ensure the future of the Ocian Economy, by ensuring that the fundemental elements are in place before its re-launch.

Thank you,

[anthonymontague]

I did come up with a plan Michael. Its just that someone offered backhanded favours to win.

[Matt Kovac]

"backhanded favours" I'd say more like backhanded threats.....

And Michael you know as well as I that simply copying a real country's economic plan to stimulate the economy does not work for a micronation, much like Mr. Montague I had a plauseable plan that would work for Ocia. This plan seems to do something which you seem to always do, create new positions which will never be filled by someone capable or active. Nice try but we've all seen this sort of planning before. How is that Ministry of Cartography going? I'm willing to bet that none of this will happen.