Public Finance Policy
The Overlordship of Noronica has a strong economy, centred on various industries including professional services, mining, machinery, technological hardware, and various forms of media. Noronica prides itself on its capitalist approach. Noronica's economy can be categorised as a partially regulated Market Economy. Therefore, there is some government oversight and direction over the economy which is in contrast to both a Laissez-Faire Economy and a Planned Economy.
Noronica's resource-filled geography is a very important factor of its economic activity. Noronica has an abundance of precious metals and it has relatively large reserves of natural gas and oil, all of which contribute highly to Noronica's exports.
Noronica also has a very significant and sophisticated arms industry, which is known for manufacturing very high-tech military equipment including nuclear-powered submarines, 4.5th generation fighter-jets and CATOBAR aircraft carriers.
Noronnican debt and deficit stem from the earlier rebellion which spiralled the economy out of control for a while. Noronica suffered its worst recession in living memory. This has meant that the government has had to take out loans from other countries and have paid most, but not all back. However, now that the economy is back on its feet and flourishing more than ever. The country is now able to spend a lot more and is promoting its 'Regional Noronica' brand.
Noron (ONN; ℕ)
$1 USD = ℕ1.36 NR
15 January - 14 January
GDP per Capita
Average Tax Rate
PM Joshua McIntosh
Formal First Lord Treasurer
Chief Secretary to the Treasury
Financial Secretary to the Treasury
Exchequer Secretary to the Treasury
Economic Secretary to the Treasury
Employment, Welfare & Culture
Law, Intelligence & Domestic Security
Transport & Infrastructure
Environment & Energy
Business & Industry
Food and Beverages
Fuel, Oil and Petroleum Products