Removing a Deficit. Help!

I am trying to remove my deficit from my country: Democratic Republic of Nexo. It was -12bil, and I reduced it to -335mil, but I cant seem to get it to go any lower.

What world?

Golden Rainbow, and I completely gutted defense to get the deficit in the millions.

Well, two quick points I have to make after having a look at your country is:

1. Your welfare level is way low at 91.63. This means that your companies won't produce as much and won't make a serious profit to keep your economy going. The main reason your welfare level is so low is that your social security payments are at 40% while they should be at least 80%. Fix this ASAP because it takes time to go up.

2. Second thing you need to fix is to raise the levels of education, health and transportation. In that order. So that more teachers will help you get more professionals of all the other categories. This will also help your welfare level and help you set up more profitable companies. (speaking of corps, some of yours are at 0% production because of material shortages. fix this asap)

3. One of the main reasons you're in the red is that you purchase goods at 230Q average for your country. This is way too expensive at this point of your development. Set it at 120 asap and then, after you start making real progress, start increasing ONLY the real cheap stuff that you use most (construction for instance). Get them first to 200, then 250, then 300 and see how it goes. This may contradict my previous statement abou your low welfare (since lower q supplies mean lower welfare) but you have to do it because those supplies are killing you right now. When you get edu, health and transport up your welfare will go up anyway.

Ah, and get a loan if you don't have enough cash because schools and universities and hospitals and transport really cost much. You should aim at first at least for 180 edu, 140 health and 140 transport. But get the professionals first and then the infrastructure.

Hope that helps

One last thing I noticed looking at your state corps is that even though many of them are fully upgraded (200) they only produce qualities at around 200. This way you won't make any profit. The reason is that your supply qualities in your corps are set at around 140-150, while they should be at average around 190 for fully upgraded corps, so that these corps will produce a quality of 273.6 and make some serious profit. So, to make a long story short, set supply quality for all your "old" fully upgraded corps at 190 (there are better ways to do this but let's leave at this for now - this should start making you $$ asap). For the new corps that are not upgraded set your q at 120 and raise it gradually as you upgrade. Ah, and while you're at it, increase corp wages because 100 is too low. Set them up as your profits go up. At the same time, set government wages to follow them at 75% of corp wages.

That's about it for now

First of all, thanks for all your tips. I changed social security to 80%, increased the priority for making teachers, I am not sure how I should get rid of material shortages, I set the buying quality to 120 from 150 for each corporation, and I am unable to find out how to change my supply qualities in my corporations.

You could also increase salaries as this will bring in tax revenue beyond your increased costs. Set these at least at 200 for gov and biz. Increase when you are doing better.

The buying q should be @120 only for new corps. For your upgraded corps it should be around 190. This is the supply qualities of your corps. The other "supply qualities" I was mentioning were for your country (Trade>Order strategy and quality). Go there and change everything into 120. Then change cheap per unit things like Construction, Telephone, Services etc to 200 gradually going up to 300 as your country progresses.