Nadiya

[Svetlana]

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Right after the passage of the People's Economic Equity Act that would've not only doubled the minimum wage but introduced a universal basic income of two thousand and five hundred rubles which effectively ensures that every Nadiyan upon reaching adulthood would automatically earn a living wage thanks to the country's oil revenues and tax collection, but that dream was immediately shattered when the Nadiyan Central Bank announced the triggering of article 51 of the constitution.

The news sent shockwaves across the country as the NCB orchestrated a hostile takeover of the confederal budget of 5729 and all budgets for the next 15 years alongside disbanding the UBI initiative before it even got implemented. In a televised speech addressed to the country, Alexandra Bacque, current governor of the NCB and chair of the TEF's Council for Humanity's Future justified the hijack of the country's finances by stating:

"The Confederation has been steadily building alarming levels of debt and the previous administrations have consistently violated our recommended 3% deficit which has led to our country racking up a catastrophic 102% debt to GDP ratio. This imitative to introduce a universal basic income, while being a noble cause, would just worsen our budget deficit from the current 5% to a catastrophic 12% and no sane mind would ever allow a country to run such a major." She continues, "As such, the Nadiyan Central Bank has triggered article 51 of the constitution and taken over all confederal finances for the next 15 years alongside passing an emergency budget that annulles the UBI alongside flipping the 5% deficit into a 14% surplus thanks to major cuts in non essential sectors with the exception of the budget allocated to the Nadiyan Space Agency which is directly funded by the NCB."

The reactions from the Pavlina administration have been immediate, Premier Ulyana Pavlina denounced the "undeniable influence of the levers of capital and the bourgeoisie acting in unison from Felzdorn to undermine the victories of the proletariat in our eternal war for freedom." She also vowed to the take the matter to the Supreme Cooperative Court, but it's highly unlikely for the Supreme Justices to side with the government given article 51 of the constitution which explicitly allows the Nadiyan Central Bank to do whatever they want as long as they deem the economic and debt situation of the country deteriorating.

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Written by @LoveFM