Finance is important
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Simcountry is an Online Digital World where you are the President of a country. |
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Finance is important
When you look into the financial page, you will find out how much cash the country has, its loans, income and expenses. The essential part is the monthly income and expense. It shows how much money is spent in the last month and what the money was spent for and it shows where income came from.
If your income is higher than your expense, you seem to be OK. If it is lower, it means that you are losing money and that might result in low cash and a need for loans.
The income depends on taxes. There is an income tax people pay as a percentage of their salary. That amount depends on the number of working people and their income level. The more they earn, the more tax they pay.
Corporations pay taxes too. The better they do, the more they pay. This is where higher income can come from. As president, you can improve the corporations in your country and make them more profitable and you can build new ones.
Having a negative balance of payments for some time is fine. You cannot build your economy without getting into large loans. However, loans carry interest payments and must be paid back some time. These investments must result in higher income so that you will be able to pay the interest and pay the loans back.
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