There are times when someone needs a loan, as they are incurring an unavoidable expense. Under certain circumstances, the country will facilitate that loan, and these are the conditions:
The outstanding debt will be charged interest in line with the rate of inflation, so that the true value of the debt remains unchanged.
When the citizen starts earning above a certain threshold, he will then pay a slightly increased rate of tax, the extra payments being used to pay off the debt.
If the citizen dies, the debt is payable from his estate.
We are considering how to deal with the situation if the citizen moves abroad.
The Citizen's Loan will be available to
Students
Legal Aid beneficiaries
Prisoners