- Open Borders slightly increase Hospitality output and Migration Attraction.
- More techs (Electrical Generation, Improved Fertilizer, Leisure) increase expected SoL from Literacy.
- Labor Movement Tech increases expected SoL of Lower and Middle Strata.
- Illegal Unions Law decrease expected SoL of Lower and Middle Strata.
- State Unions further decrease expected SoL of Lower and Middle Strata (from -1 to -2).
- Machinists, Clerks, Engineers, Bureaucrats and Academics have higher Literacy requirements for qualifications.
- Bonus statewide Migration Attraction from Hospitality Sectors is now unscaled.

- Interest Rate has a greater effect on Private Loan chances.
- Technocratic Intelligentsia and Armed Forces now prefer State Unions, and disapprove of Free Unions.
- Government Wages affect Bureaucrat attraction to IGs in government. This effect is strengthened if there is only one IG in government.
- Bureaucrats are now also more attracted to the Technocratic IG if Technocracy has become societally entrenched.
- The Central Bank building is not required for adjusting Interest Rate.
- Adjusting interest rate between Low, Medium and High can be done with Level 1 institution. Longer ranges (very high, extremely low, etc) require a higher institution Level.

- War Bonds can now only be issued if you are at war with a Great or Mayor Power.
- Modifying the Interest Rate will also have an effect on the government debt interest rate.
- Reduced interest rate discount of Major and Great Powers.
- Reduced negative Market Confidence from Private Debt.
- Increased Volatility from Construction Sectors.

- Business Cycle JE now shows an indication of overall Private Debt Level.
- Only Medium, High or Very High debt within a category can trigger a general insolvency crisis in the right situation.
- Investors and Farmers taking up loans to invest, and Consumers to increase consumption, increases Market Confidence temporarily.
- Investors, Farmers and Consumers paying off loans at the cost of Investment/consumption, reduce Market Confidence temporarily.
- Countries With Banking Tech and Free Banking or a Central Bank at game start, starts with Low debt level in each category.
- Increased bonus Financial Services boost from private debt levels.
- Decreased MAPI from Stock Exchange.
- Increased MAPI from Railway PMs.
- Booms prevent general insolvencies from triggering for their duration.
- Secessions do not trigger the post-civil war rebuilding event.
- AI more likely to want to invest in Foreign Affairs and Central Bank institutions.

- Fixed a bug that could cause multiple Private Debt modifiers to be applied simultaneously. For existing game, the lower debt will clear out within a month.
- Trade Centers can no longer trigger the Booming Business event.
- Added more events to the Business Cycle.

- Fixed some localization errors.
- Charity Hospitals provide a small lower strata SoL bonus.
- Treaty Ports receive substantial buffs compared to other unincorporated states.
- Treaty Ports enforce a small amount of dividends taxes and income tax in the state, regardless of tax law.
- Adjusted Minor Rivers around the world.

- Added the volatility effect of banking laws to be visible in the law.
- Increased the added volatility from Free Banking from 1.75 to 2.00
- Market Volatility has an effect on the chance of getting the primary Private Debt events. Higher volatility = higher chance of both new loans being taken and repayment.
- Investors more likely to take and repay loans, farmers the least likely and consumers in-between.

- Consumers will no longer take up car loans before cars are invented.