DOF: Treasury to issue securities

In light of the troubling economic forecast, the Department of Finance under Secretary Schulz has announced a new plan to counter the impending economic default. The announcement by Secretary Schulz outlayed the necessity of reworking the current economic framework to accomodate the real necessities of our society. For this, the Treasury is to introduce a system of government issued federal securities with varying yield rates and durations of maturity. A report released by the Department of Finance differentiated the various denomynations as follows:
Sort - Maturity - Yield
Bills - <1 year - 0.5%/1.2%
Notes - 1-5 year - 1.21%/2.3%
Bonds - 5-30 year - 2.4/5.7%
The report estimates over 40% of the securities to be owned by Falleen individuals, companies and institutions (such as the FCB), around 30% to be owned by foreign countries, investors and companies and the remaining bonds to be owned by government schemes such as social security and welfare. 
Secretary Schulz expressed that it is inevitable that Falleentium moves forward and abandons archaic systems which simply don't work for our modern and increasingly complex global economic framework. Government securities are the natural course for the Falleen economy according to the announcement considering Falleentium's economic size, it's leadership in global trade, the importance of the Fall abroad and the potential for attraction of it's bonds as a safe investment across the world. 
In a controversial remark, Schulz decried the FCB Director who according to him "is economically illiterate", and stated that his lack of grasp of basic economics is a danger to such a vital institution as the FCB. Schulz agreed that the war was a heavy drag on the economy, and that naturally it was the most desirable to seek a swift conclusion to it, but to pretend we can cut hundreds-of-billions of Fall into our federal and state services is preferrable than establishing a sensible system of issuing securities, is "ignorant at best and malicious at worst".
Category:The Imperial Constitution