Endogenous progress outcomes from the formation of human capital, which is assumed to end result from parental training and academic spending, financed out of altruism. If strategies require increased spending, this can be financed by increasing taxes, borrowing or the money provide. Strictly speaking the system is not insurance-based however rather financed by a hypothecated tax. At the same time, the programme’s actuaries have been projecting an enormous gap in the system’s long-term finances. Following the scandal, he was relieved of his post as deputy finance minister.
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