Monthly Financial Analysis
Day 2,612, 09:48
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Published in Norway 
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by
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by Odinim
Welcome to the monthly financial analysis by the governor of eNorway.
I have been gathering financial data from the day 2,585 and the following data has been recorde
😛
Incomes
In addition to this, I have gathered a congressmen tax earlier this month. The taxation valued 15.5 GOLD and 2000 NOK, which I have donated to the treasury.
Outcomes
Meanwhile, since the day 2,585 our country have signed nine mutual protection pacts.
The simple math calculation is: 9 x 10,000 = 90,000 NOK used.
Discussion
These calculations suggest that for approximately every 11,000 NOK earned, we use 90,000 NOK. That's a loss of 79,000 NOK a month.
And if we are gonna dance at this rhythm in the future, we are gonna lose all our money in a period of about 8 months.
For those who didn’t know, we used to have a monthly revenue of 5000 NOK for renting out our regions to Russia. However, Russia has been affected by big loss of their territories lately and we can not count on that income anymore. That’s why I didn’t take it into the income calculations.
With current incomes, we can only afford to have one multi protection pact signed. Or am I wrong?
In order to save the money, the country should reduce the number of MPPs signed, keeping only the most essential MPPs (if possible).
We need more active players in eNorway, who can fight for maintaining our territories and who would pay the tax to the country. I wish we could make a process of providing a citizenship more easier and less bureaucratic for the players, than it’s at the moment. That could attract more players to eNorway!
My plans for the future are to raise the incomes of our country by playing on the monetary market. It is still questionable how much benefits we will get from that, but I am ready to dedicate myself.
I believe that we can make it through!
Sincerely yours,
MoF
Profan5
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Comments
Good article!
Nice job Profan5
Voted and subscribed 😉
o7
Good job! But we are poor and we will be much poor in future. It's the sign of times... 😉
The discussion has a systematic error. While the income is based on 27 days, the spendings are based on 30 days.
So correctly it would look like this: Taxes: 10.999cc/27 days - extrapolates to 12.221cc/30days.
Congress tax of 2k cc and 15.5g @ 220cc/g => 5.410cc.
So that is an overall income of 17.631cc/month while 90k cc are spent.
That is still a heavy loss but only 72.369cc/month instead of the posted 79k.
Thanks for the correction, noenting!
You did some good math there, but my numbers calculated are just an estimation. I have gathered the date for 27 days wish is about one month. When it comes to the congress tax, it varies from month to month, that´s why I could´t take that for a guaranteed income either.
The main point of the article is to bring to attention our huge deficits and suggest the solutions on how to improve our economy.
All in all, thank you for the good points and the critics! 🙂
Ne velat Joni
Very good Profan. I brought up the discussion earlier to cut our MPP stack but most were against it. I want to present that in the proposal and hopefully change some minds.
o7
We might have singned 9, but we have 11 MPPs, 110 000, making the loss even bigger, 92 369
Good point, didn't check that when correcting for the error...
I liked reading your article because it needs to be brought to attention, good job
Luckily every few months there's a tournament in which we earn ourselves a whole lot of gold, so we can do the spending needed. So a bigger view is in order here, to get the full picture.
I like your thinking Profan. Yes we do need lots more folks up here, so they can contribute. Sadly most good applicants have been rejected, or cs applicants have just been forgotten about.
Please name these "good applicants" that have been rejected. And we are on top of cs applications. We have just had two new people who applied today and already their applications are being voted on.
You cannot see the cs applications as you are not in the government or Congress, so I would ask you not to criticize what you cannot see.
Every few motnhs ? Think again, its been one a year ...
"Sadly most good applicants have been rejected, or cs applicants have just been forgotten about"
Again with that story??? Have some mercy and name them.
Interesting read. Could we not raise taxes slightly? our taxes are very low compared to other nations. Agree with MDR we need to make sure our immigration is up to speed and we are letting in good players
Maybe when we get our territories back, our low tax is a result of our bad economy (weak resource bonus).
Ne velat Joni
Thank you for your great comments and the discussion that you brought down here! It makes me feel really happy to see that my work is appreciated by you. I would also like to give special thanks to my endorsers! 🙂
You have been a great addition to the community and a breath of fresh air for the Ministry of Finance, it makes me wonder where you have been hiding all this time!
Haha! I have been hiding in my RL obligations, but I am glad I got my old vice back! 😃
Its kind of you, if you mean that! 🙂
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