Post

Region: Alcris

The Fiaschi Statute: is this rebuilding?
31 Wintersend, 1833

The Senate of Aidia has been on the move again, and this year, they proposed their biggest move to improve the economy to date: the Fiaschi Statute.

This law, named after the man that proposed it, was made to implement a broad-set of subsidies to companies in the in the manufacturing sector to get the nation's industries "back to picking up the economy." Many of the subsidies, especially aimed at Aidia's top sectors, include production quotas for additional funding. Despite the bill's broad nature, a list of several industries were given special attention with the subsidies of the fund, including the textiles/clothing, medicine, automobiles, machinery, motor parts, agricultural equipment, food/drink processing (especially wine), and aviation industrial sectors. Other businesses, especially small businesses and those involved with the nation's tourism market, were given a part in the subsidy budget to help increase the nation's damaged tourism sector. Finally, the fund also allocated a portion of it to help rebuild the nation's infrastructure, aimed at helping the populace get back on their feet after the war.

With such bafflingly generous subsidy shares from the government, many have been asking where the money is coming from. Well, the government is gaining it a number of ways. True to their nature, the UEA proposed making it viable by cutting down the government size, and the UAA obliged. Many of the departments in the government saw a slight cut in staff, and resources were allocated to the fund instead of government paychecks. Furthermore, the Avanoran Reconstruction and Development Fund gave the government breathing room to work with, and much of that was geared towards this effort. Finally, some of the nation's welfare programs, especially those aimed at helping the jobless, were cut to save money for the bill.

With this, we will begin incentivizing our companies to begin employing again. Once more, Aidia will become an industrial power to be envied."
- Consul Vanni Fiaschi of the UAA

When it came down to voting for the bill, it seemed the right-wing coalition finally found its bearings. It managed to sway the majority of its senators into voting in favor the new law, which was a huge turn around from the vote of the Regrowth Statute. Notably, party leaders of the UAA have been rumored to have threatened to boot out decenters if their numbers were too large, though the UAA has not confirmed this. Most shocking of all, however, was the moderate support from the left-wing.

Once again, the bill may not have passed if it weren't for the SAA and SCA moderates that voted in favor of the bill, as the UDR defected from the coalition and largely voted against it citing concerns of industry encroaching on agrarian-sector concerns. While the SCA had only 18 Senators support it, it is still evidence of a quickly-forming divide in the party between moderates and hardline Syndicalists. The Leadership of the SAA, which was ultimately responsible for the shift in favor of the proposal, have claimed that the bill was flawed, though it could still improve the economy, thus making it worthwhile to vote into law now and then modify it later to be beneficial for the people.

Ultimately, the vote ended up passing 238/357, a much larger percentage of the Senate than the previous Regrowth Statute. With the passage of the bill, Aidia's manufacturers are now getting subsidized, and have begun the process of getting back to business as usual.

Time will tell, however, if the engine will continue to run.

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