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your cheapest source of trade surpluses (specially if you have low income population) is building more farmland, exporting foodstuffs is way cheaper than mining and as long as you have more grasslands (or even forests if you don't care about environment) there is no reason why you shouldn't be putting more farms.
also be very careful with your taxes, if you're trying a liberal democracy you should know how dangerous taxes are to the more wealthy classes.
On a related note, does anybody know what triggers the bankruptcy achievement?
Edit: Looks like bankruptcy was bugged before the update and is now working.