Ministry of Finance- March Report Quarter 2
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by Sam Krak
Shalom!
This Quarter's Report can be summarized in three main points from the MoF's perspective:
1
As last quarter, initial assumptions about government organisation have skewed some figures: some government companies are not working to capacity, or at all and therefore have not made the requests on resources that were anticipated. Further more the ministry of immigration is retaining profits for investment in new citizens - therefore the net cost of these companies to the exchequer is greater than anticipated.
2
Gold income has shot up this quarter, we are now twice the estimates. NIS income is now very close projected. All this points to 1) the lumpy nature of government revenues - which undermines the usefulness of quarterly reporting, and 2) the recent uplift in world prices.
Income from MKs' donations is below estimates, but this will be redressed during the next quarter once congressional elections have been completed.
3
NIS sales have been higher than expected, which is a great boost for government revenues (and also a very good sign of increasing business activity). There is now a proposal to issue a further NIS 5000 to maintain adequate liquidity."
That's all from the MoF for now, good luck to all prospective Knesset members from the Ministry!
Rolling in NIS,
Sam Krakower, vMoF
Franz Kafka, MoF
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Comments
voted
You don't mention my new internship?! DIIIIIIIIIIE!!!!!!!!!!!!!
Great job !
could you tell us what was the income from KM donations?
so we could compare it to next term
sure, ill get on that. tarq, we already did that haha
rollin in NIS.
Voted.
@TaoTao - it's a bit difficult to say as some citizens donated to other state orgs. Last month IFD received about 55 gold from MKs. MKs typically give anywhere from nothing to the whole 5 gold. So I based my budget on 40 MKs paying 2.5 gold - slightly over-optimistic, but not that far off the mark I anticipate.
It all depends on the advice that parties give to their members. I see the UZSP and Shalom party have given high donation levels in relation to their MK numbers, however it is hard to tell if Sababa members aren't donating to some other orgs that benefit Israelis.
This election, I would suggest that parties try and co-ordinate their donations, like Shalom party did - in that way we can get some competition between parties to donate the most! 🙂
FK
however it is hard to tell if Sababa members aren't donating to some other orgs that benefit Israelis.
They do, wrong as it sounds 😃
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