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The Books
Treasury: £506,798.45 ---> £531,205.70 (as of 11:00 Day 3,079)
Long-Term Deposits (Woldy's Angels Act): £400,000.00
Government Organisations: £135,574.25 (268.84 Gold)
Tax Income: £146,991.17
Loaned Organisations Income: £0.00
Donations: £0.00
Bank of England Trust MM Scheme Income: £78,926.60 ---> £78,982.82
MPP Fees: £60,000.00 (Ireland, Macedonia, Croatia, Chile, Spain, Mexico)
MoD National Strike Allocation: £10,000.00 / Spend £438.00
Transfer from Country Accounts for National Military Unit £75,000.00 / Spend £0.00



Introduction

Your third report of the term from the Ministry of Finance.


Market Log

A look at recent market trends. . . MoF Advice is to exercise caution with all Monetary Market trading over the next couple of months due to a recent update announcement (http://forum.erepublik.com/index.php?/topic/4701-resource-wars-prologue/). It is probably also advisable to balance your reserves of county currency and gold reserves so you may remain adaptive to any exchange rate shifts as the UK and Global economy respond to any economic changes.





Revenue
A track on what is recorded on Croatia's and our Country > Economy Page






Bank of England Monetary Market Trust

As a reminder the Ministry of Finance is taking advantage of the increased demand on gold price on the monetary market by opening a Bank of England Trust for citizens and allies to invest in. The Ministry of Finance is currently posting offers although is exercising extreme caution and implementing increasing monitoring of market conditions for reasons explained in the market trends section.

Eight citizens have invested into the Trust and monetary market offers placed from a number of eUK Government Organisation reserved for use by the Bank of England. The monetary market profits have been agreed to be split 60% to the citizen and the remaining 40% for the Treasury to reinvest/store in reserves. Any monetary market profits made will be reported in future MoF Reports.

Currently the Bank of England Monetary Market Trust has made profits of;

£78,982.82 for the UK
£118,474.23 for private citizens

Please get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.



Military Unit Supplier Rebate

The Ministry of Finance is inviting citizens to apply for a final work tax rebate to your costs to work as manager to produce the supplies needed for your Military Unit under the Finance Act. Details of rebates issued to MU suppliers will be reported via these MoF weekly reports.

The final period of eligibility was from Day 3,063 to Day 3,073. This period was closed when the Defence Act passed on Day 3,074. The Defence Act has replaced the Military Unit Supplier Rebate with the Ministry of Defence Affiliated Units.

Ministry of Defence Affiliated Units

Any eUK MU except for the NMU will be able to apply for MoD affiliate status

Affiliate MUs will be required to:
Set their Daily Orders in accordance with MoD Orders, and ensure that their fighters follow those orders.
In Return Affiliate MUs will get:
The ability to claim a 50% Work Tax rebate for their Suppliers, when the tax rate is higher than 3%
Entitlement to receive prizes in National Strikes

Details of rebates issued to Affiliate MUs will be reported via these MoF weekly reports.

Please get in touch if you would like discuss the Military Unit Supplier Rebate or the Ministry of Defence Affiliated Units Work Tax Rebate.



Player Support Programme and Training Ground Loans

Citizens which have received a TG loan from the MoF during the lastest training ground promotional periods;

Aleksandar.V Popovic - 20 Gold (although 10.00 Gold was returned)
MikeyL - 2 Gold (Repaid)
MikeyL - 7 Gold (Repaid)

Upgrading your strength buildings is the best way to earn income as it allows you to receive Super Solider medals much quicker. A Q4 Weights Room & Q4 Climbing Center (without any contract training) earns the most money of any training/contract combination. Together they will earn you 13.38g/month (0.446g/day) after you pay the daily training.

During promotional periods training ground upgrades are reduced;
To upgrade your Weights Room, Climbing Centre, Shooting Range or Special Forces Centre it costs 45% less for each incremental rise is quality.





Historic Trends
A look at some longer term economy figures




Close

For any further information don't hesitate to contact the Ministry.

Huey George - Minister of Finance and Governor of the Bank of England
gali2332- Deputy Minister of Finance