MoF End of Term Report
Day 3,001, 02:13
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Published in Australia 
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by
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by Reserve Bank of Australia
G'Day eAustralians!
With a new millennium comes a new line under the balance sheet. You'll also notice I added a day to this term to bring us into line with the cabinet term starting a day after polls close due to the 24 hour vote checking.
Aside from the weapons tax reductions, I have spend much of this term gathering data from producers and consumers, the results of which will be fed into more mid-term economic stimuli. Details of some of these proposals have already been mentioned by Ilene Dover, the incoming Prime Minister. I will make a report outlining the economic agenda for the coming term in the next few days.
Incomings and Outgoings:
For the term of Day 2969, 06/01/2016 to Day 3000, 06/02/2016
Opening Balance of Treasury:
AU$59,807, 96.04 Gold, 329,698 Energy
Income:
$122,430 Gross Tax Income (Includes $622 yet to be refunded to eSouth Africa)
$_10,000 Donation from gbr_blue for MPP with eIsrael
$_20,000 Donation from Jacktrout for MPP with eCzech Republic + 1 other.
$__3,333 ADP org rental
$_10,000 Donation from eMontenegro for MPP
$_42,000 Bank of Rusty D 12 months Org rental
$__3,333 Peacewalker MU Org rental
$__3,500 Revolutionary Socialist Union Org rental
$__1,800 Donation from J Seemore - congress medal proceeds
$__5,000 Donation from gbr_blue - congress medal proceeds
$ 39,625 Unspecified Donations
10 Gold APP Org rental
10 Gold Alternation Org rental
10 Gold Drop Bears Alpha Squad Org rental
10 Gold S.Q.U.A.Ds Secret Stash Org rental
489,000 Energy Donated
Outgoings:
-$100,000 for 10 Mutual Protection Pacts
-$220,000 Currency Sent to the RBA
Closing Balance of Treasury:
AU$828, 136.04 Gold, 818,698 Energy
Including the funds sent to the RBA, treasury made a gain of AU$161,021 and 40 Gold.
The State of the Reserves:
The net increase of 40 Gold, AU$172.201.90 and 489,000 Energy to the reserves can be attributed to taxation income, org rental income, and donations.
Government reserves at the start of the term: Opening of trade on Day 2969, 06/01/2016
Total:
394.07 Gold
AU$653,858.40
329,698 Energy
Composed of:
Treasury:
96.04 Gold
AU$62,617
329,698 Energy
Reserve Bank of Australia:
294.58 Gold
AU$577,321.83
Government Departments:
3.45 Gold
AU$13,919.57
Government reserves at the end of the term: Closing of trade on Day 3000, 06/02/2016
Total:
434.07 Gold
AU$826,060.30
818,698 Energy
Composed of:
Treasury:
136.04 Gold
AU$828
818,698 Energy
Reserve Bank of Australia
294.58 Gold
AU$797,371.83
Government Departments:
3.45 Gold
AU$27,860.47
Non Government Reserves
Orgs rented by the government to private citizens and organizations have been secure for the last term, showing no unexpected losses, and modest increases in some from article endorsements and currency trading.
Details of Tax revenue for the term of Day 2969, 06/01/2016 to Day 3000 06/02/2016
A large chunk of the extra $40,778 in tax revenue came from the stimulus of the damage booster event, however revenue in general has been up on last month and was projected to reach at least $100K even before the start of the event.
AU$121,808 Tax collected from eAustralian regions.
AU$622 Tax collected from eAustralian occupied regions of eSouth Africa during the current training war. This will be held over and returned at the end of the TW.
Average Daily Tax Revenue $3830
Maximum $7,342
Minimum $2,954
Current Rates of Taxation:
During this term there have been two changes in tax rates:
Weapons Import Tax reduced from 15% to 10%.
Weapons VAT reduced from 3% to 2%.
The Market:
There has been a slight decrease in the average wage to $56.72, despite an increase in the minimum wage from $1 to $5, although it may be some time before the effect of that is felt as it only affects new job listings.
Our Housing Bonus was 20% for the whole of the term, our Food Bonus was 60% for the whole of the term. We have just now temporarily acquired a 10% weapons bonus due to the training war with eSouth Africa.
The Housing market has wavered a little, with Q1 prices reaching around $650 at times, although the more ideal $450, which makes it economical for overtime on an $80 wage, can still be bought at times.
The Food market is fairly close to the $0.10 Q1 Base price, although prices around $0.11 have been more common since the beginning of the damage booster event. Global prices have experienced a similar trend.
The damage booster event made it easier for more eAustralian producers to compete with global prices which have been around $19-21 for Q7. This has lead to increased sales and increased taxation revenue. It will be difficult to gauge the full effect of the the tax decreases until global prices level off.
Raw Materials prices and other goods still appear to be trading close to international benchmarks.
Gudzwabofer
eAustralian MoF and Governor of the RBA
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Comments
Nice work as usual.
Something I suppose for the next term, get the org payment clarified as whether 10 gold or 3333CC or 3500CC is acceptable.
Not sure what is happening as I thought it was sorted at one CC donation only
Yeah the 10 gold rate was specified previously, hence why there were mixed payments. Next term I'm looking at a straight 3500 payment, as apparently treasury has no use for gold despite what the economy tab suggests.
right now you can sell 10 gold for almost 4000 cc
J. Please let go of the idea of day to day equivalency. What we need is a static currency based rental price. Whether it's 3333, 3500, 4000 or whatever. I picked 3500 because that's what Rusty paid in advance, but there is no reason we can't set a higher price going forwards. Presently we do have 5 unused non-government orgs, however, this is aside from the few government ones which are earmarked, so supply and demand would suggest that it may not be best to increase the price too much.
Let it be 3500 cc
There is some misunderstanding - there is no increase, just this is the value of 10 gold
Wonderful job!