On 7/1/22 14:05, Rupert Boleyn - rupert.boleyn at gmail.com (via tml
list) wrote:
>
>
> On 07Jan2022 1351, Kurt Feltenberger - kurt at thepaw.org (via tml
> list) wrote:
>>
>> I would think that, except for exceptional times - major war, that
>> the Imperium would have a "no deficit" rule.  With something as large
>> and as wide spanning as the 3I, deficit spending would be an
>> accounting nightmare which would them become a social and political
>> nightmare as well.
> While I don't think it'd be that hard to manage, and it's a very
> useful thing for a government to be able to do, that the 3I doesn't,
> and doesn't permit regional nobles to do so is certainly in keeping
> with its apparent lack of ability to fund major projects at all quickly.
>
> Local system governments would of course be welcome to run up whatever
> debt they can arrange, and I'm sure the megacorps are happy to extend
> credit as long as the government either seems sound or has assets
> sufficient to cover the loan.
>
Kurt, Rupert,

Both damn good points.

Since I leaned towards the 3I's monetary board succeeding over the
long-term in my earlier posts, I probably should also assume a balanced
Imperial-level budget _over a similar long term_, modulo major
disruption.  Since the amount of new currency minted annually and palmed
off to the sector dukes is revised every ten years, that looks like a
reasonable timeframe to use.

Question for the Learned Members:

Does this apply to non-sovereign interstellar governments?  In the 3I's
case, sector, subsector and/or cluster?

Where do vice-regencies (such as domains) fit in?

Alex

--