[DoF] September Balance and October Budget

Day 3,305, 05:25 • Published in Australia Australia • by Reserve Bank of Australia


Hey all,

Below find the Accounts after the month of November.



Due to the invasion we lost approximately $180,000 in Tax Revenue.

This is the first time in many months we have had a deficit, i.e. MPP Expenditure exceeds total Income.



Tax Revenue is set at a prudent $1,500 per day. I cannot anticipate the Peru situation. If the situation changes during the month I will reforcast tax income.

Taxes are as base rate at the moment and will continue until Peru is gone, at which point I will advise Congress to raise the taxes to standard level.

We expect to sign 12 MPP's again this month.

I expect we will run a deficeit of $10,000 this month. However, Rusty has donated $150,000 to the Treasury which will ensure this is balanced.

I will make available $25,000 for government activites.

The government plan on introducing a plan for inticing new people to the country. As such, there has been a request for $200,000 for this plan. This money will come from RBA but it will require a proposal be submitted outlining what the funds will be used for and a strategy to achieving the objectives. This will require Congress approval.

*Budget Image was done prior to Rusty's donation.

All the Best,
Elite C,
MoF