[DoF] Outlook.
Reserve Bank of Australia
G'day,
It may be another relatively quiet month for Finance. I don't expect any economic changes to go live until next term, and we may not get any of the finer detail until later this term at the earliest.
Once those details come in, I will work on some education articles, especially on company placement.
When we have a clearer picture of the shape of the new economy, I will establish a productivity commission, made up of any eAustralian citizen in participating, whether they be government, economists, business owners, consumers, employees, MU commanders with or without supply communes, soldiers, or mythological beings who live under bridges.
eAusProdCom will look at all aspects of the changes; what we have, and what we need to thrive, whether it be combining bonuses with neighbours via rentals, tax rates, or loans and stimulus.
Last Term's Report:
With most of the focus on the craziness that was the Resource Wars, finance was pretty quiet. There wasn't much sense tweaking a system that was about to change, and I for this reason I also decided to put the Boss Bucks, or ideas about restarting the Tank Bank, on hold. They may need to be reworked after the changes.
Nathan Hill took on the job as a rookie, and dutifully tallied the books and collected the rent. He's been busy with exams the past couple of weeks, so I've decided to post his final balance sheet here:
Despite having most of our territories occupied, we still did well tax wise, likely because of the extra market activity, as well as the rising average wage, and averaged just under 4K a day. We had no agreements with TW partners for tax credits like we usually would, but given the effort put in by all countries in both fighting and combat orders, I think we definitely got value above whatever extra tax we might have otherwise earned.
This Term's Forecast:
This term we're looking well on track for another healthy budget surplus, maybe 100K, based on the MPPs we're currently looking into. Most days we've been netting at least 5K in tax, with an average of 5.5K.
The local goods and job markets seem globally competitive with a fairly good balance of local production, local traders, and imports.
I've also been again using government orgs for low risk Monetary Market trading, although the market seems slow at present. First round I netted $400. Could be most people are holding onto their money and gold and waiting to see what happens next.
Dread Pirate Hobbits
(The Ship's Bursar formerly known as Gudzwabofer)
eAustralian Minister of Finance.
Comments
Some of that extra tax income would of also came from the taxes on the medals. With the TW's happening, this would of increased the amount of TP medals etc which have been getting taxed for a few weeks now.
While the new tax changes are yet to take effect, it might be worthwhile, discussing/thinking about changes to the Work Tax, since this is the same tax leveled on different medals (Mercenary, Freedom Fighter, True Patriot). But that would be if eAustralia can secure another long term TW. All in all, might be something to think about...
I did wonder that, I wasn't sure if medal taxes had been implemented yet. I don't get a lot of medals to see 😛
What changes to work tax were you thinking about? Up or down? Certainly now that the average wage has gone up, as well as the base being broadened to medals, we could consider lowering them again to take the pressure off the more slim margined manager worked industries, unless we want to stockpile cash for COs, AS, or economic stimulus to boost the aviation industry and airforce.
If we don't do anything with taxes this month, certainly next month everything will be on the table, there's going to be some complex interplay between that productivity formula, regional taxes, and company placements, and that's before you bring enemies and embargoes into the mix.
It is something that shouldn't be implemented now, but thought about. As it should be taken into account when the new changes roll out and discussions happen.
If we did it now, I would like to see it lowered, but next month things will be different, hence thinking we should wait, but factor it into any changes/discussions.
Also we need to factor in a possible long term TW, as the TP and FF medals come into play more then and that means more tax dollars.
So questions,
What donations was there?
Where are the other Gov org's money's?
RBA looks light on CC compared to what was in there?
No idea about donations, I donated funds from my CP medal, not sure how many others donated from Senate or Battle medals, but it looks like quite a few. Basically whatever income we can't account for at the end of the term gets put down as a donation.
Most government orgs have a slight increase from last month due to article endorsements. Only the ministry of Culture org and some pre-existing gold from the Army Reserve were rolled into the RBA.
I might roll most government orgs into the RBA at the end of this term and chalk them up to endorsement income, the only ones which need funds left in them are the JDS (which is funded solely by donations) and the ADF, which needs funds for equipment and COs.
The ADF still has 13K in the org, not sure about the MU funds, but it shouldn't need an extra injection anytime soon, although we can easily afford one.
If you're looking at what the RBA has right now, there's 500K less because I've transferred 100K each to 5 other government orgs for MM trading.
Gold in Treasury cost 200 cc, gold in organizations have different value.
[removed]
Number is a coincidence, There was already 0.93 gold in that org. I managed to buy 1.152 gold for $384 and sell 2 gold for $793. Actual profit was $409.
151 gold here = 30200 AUD constantly
http://www.erepublik.com/en/country/economy/Australia
Gold in Orgs and private accounts have different value depending on the market price. You can't sum Treasury gold and gold from Orgs because one is twice cheaper than the other.
I never said anything about the treasury.
Pirate Party here? Well Dread, you are full with surprises.