[DoF] September Balance and October Budget
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
Comments
I have donated 150k to the government to help pay for this months MPPs. This is due to my failure to get Peru to follow through on their agreed plan as well my failure to free our regions once they back stabbed Australia.
Hopefully this will allow extra spending in other area's, once a plan has been put in place.
How interesting.