Mirhaime: Difference between revisions

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Domestically, Siinkar presided over the worst economy since the start of the century with growing inflation and an economic recession prior to his inauguration. And as such, early in his first term as Paragon, Siinkar began implementing new political and economic initiatives. His supply-side economics policies—colloquially referred to as "Doika" (Renovation)—advocated tax reduction, economic deregulation, and reduction in government spending. The four pillars of Siinkar's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation. He was also a major advocate for nationwide educational reforms which culminated in the Ovon Act which improved teachers' wages, and provide support to children with disabilitites, or those who live near or under the poverty line regardless of race, income, disability, ethnicity, or proficiency in Fefsen. The Act allowed for improved educational quality on public schools in districts with a majority non-Fefsen population, and allowed for enough flexibility for them to adapt within the boundaries of federally-established standards.
 
Over his first term from 1964 to 1969, the economy saw a reduction of inflation from 12.5% to 2.4% and an average real GDP annual growth of 4.6% (compared to the negative growth prior to 1963). ReaganSiinkar enacted cuts in domestic discretionary spending, cut taxes, and pushed for a reorganization program of the Realm Defence Forces which improved bureaucratic efficiency, and eliminated the need for an increase in budget even through the additional deployment of Mirhaimian forces in Sarvimaa throughout the 1960s. The national debt was also lowered by 38% from 1964 to 1969,
 
Thus, by the end of his first term, the economic recession which had griped Mirhaime for over a decade was practically no more as the Mirhaimian economy begun to see growth for the first time since 1958. This revival of the economy, lowering of inflation, and reduction of taxes ultimately won him yet another landslide victory in his re-election campaigns of 1969, and 1974. According to a poll conducted by the group ''Zaral,'' approval ratings for Siinkar throughout all four of his terms averaged around an astounding 93%.
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Internationally, Siinkar represented the Federation in the signing of the Valkoniemi Accord in 1967 which strengthened military cooperation between the two countries, and the intensification of Mirhaimian military presence in Sarvimaa, an act commonly recognized to be in opposition to Tretrid's growing naval presence in the Atlantian Sea. This was later reinforced by the Antien Act which established a free trade zone between the two countries, and allowed for greater ease of business by ways of the elimination of tariffs on key exports, and imports whilst simplifying travel, and the bureaucratic process involved by removing the Visa requirements. Economic, and military cooperation with the Volscine Confederacy was also increased and upheld throughout his tenure as Paragon with numerous trade, and military cooperation agreements. Chief amongst these are the
 
Simutaneously, however, he spearheaded efforts to normalize relations with the Kingdom of Tretrid, and allowed the resumption - and later the intensification - of trade between the two states. Despite this near cessation of hostility, however, military spending increased by an average of 9.3% per year from 1969 to 1979.
 
===Recent history===
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