I present to you the November 2012 eAustralian Budget.
This Budget is handed down to you in a climate of great instablility for our nation. It is also delivered in an environment where any deficit is expected due to reduced revenue associated with a lack of a whole country.
I make no apologies for this. But at the outset, I trust you will see compared to previous governments, I am offering a responsible and balanced budget that helps build our community, continues support for our new players and armed forces, and ensures sustainability for the longer term while we debate our alliances and remain occupied.
Firstly, this government will deliver a NET OPERATING DEFICIT of -$109,301.30
I believe this is a responsible Budget, but I can not offer you a magic bullet. As you all know, at the moment our expenses will runneth over our income for many factors. However I would like to note that I am delivering a reduced and REALISTIC budget based on ACTUAL expenditure last month.
I have to say the sheets handed to me have not been the most clear or accurate. Therefore in forumating this budget I have had to rely much on incomplete information and a lack of transfers or actual recording around opening and closing balances.
I would like to thank the previous MoF for their work in providing information to me, however I had to make quite a few assumptions.
Underlying assumptions are that the AUD - GOLD rate = approx $348. This is based on current MM trends, and represents a fall in the last month on this conversion, whereas previously this was around $400-$450.
INCOME: $190,000 TAXES.
This is conservative and based on last month given no substantive change to our situation, tax rates and projected growth. The ACTUAL last month was slightly higher than this, however, I would prefer to offer a conservative estimate in order to deliver a realistic worst case estimate. This way any improved outcome reduces the bottom line.
This has already been received, and while an offset yes, it will assist though ensuring MPPs do not require eAustralian Government expenditure.
I will note last month, DoD for one was budgeted at $1.2 million. However looking at the books, actual expenditure was far less.
I am aware of TJs article that based on actual expenditure we have a few terms at most left. But I think the budgets to date have been highly overinflated, and I do not intend on reflecting hundreds of thousands more than required.
DoD Budget = $690,000
$600,000 of this will comprise ongoing supply and potential MU funding based on MUs being prepared to en-masse elect to be coordinated for ADF battles. This does meet the recent IG ruling, as if an MU does elect for funding it will be required to commit to meet ADF equivalent requirements as set by the MoD and ADF Marshal in line with current legislation.
It is a significantly reduced budget. However given previous expenditure, not an unrealistic one.
MPPs equate to $90,000 or 9 MPPs. As explained above this is in effect cost-neutral to the Government but is accounted for the purposes of transparency.
ACTUAL DoD Expenditure post-offset (funds carried forward): $201,801.30
Centrelink = $100,000
This DOUBLES the already independent donation to establish this organisation of $100k, bringing the total to $200k this month. Through this TRIAL, Centrelink will also handle new player support including food and weapons, somewhat absorbing the current funding role of Tango (or, the old Boot Camp as it was once called).
This expenditure will be totally dependent on activity and will hopefully assist with the more sustainable growth of our population into the future.
MoI = $5,000
The Ministry of Information will have funding to run several competitions and activities to further increase activity under Irule777. Ideas will be appreciated, however this will support prizes that encourage fun and frivolity for the country.
It is a modest investment with potentially an important return.
Citizen Fees = $1,500
Based this on joining rates over the last month.
Presently at the moment, eAus monetary holdings (as at 00:00 eRep day 1821) are as follows:
AUD / GOLD
$500,317.00 / 90.04
$2,681,316.96 / 2543.64
$26,230.00 / 1.03
$398,198.70 / 9.26
With a total INCOME of $289,000 projected conservative, and the above ACTUAL EXPENDITURE of $398,301.30 I offer you the operating deficit of $109,301.30
Again this I believe is a realistic and responsible budget.
FURTHER INFORMATION: https://docs.google.com/spreadsheet/ccc?key=0Ar4tmOoMvHuhdFViUHNFR3g1alUtWDRETUlQb2wyclE#gid=0
What is this?You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.