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[MoF] Bank of England - Financial Report 12th August - 19th August

Day 2,829, 22:03 • Published in United Kingdom

• by Bank of England

The Books
Treasury: £105,666.34 ---> £45,099.47 (as of 15:00 Day 2,829)
Long-Term Deposits: £200,000
Tax Income: £19,247.22
Loaned Organisations Income: £0
MPP Fees: £100,000 (Bulgaria, Georgia, Spain, Belarus, Macedonia, Italy, Indonesia, Estonia, Chile & Croatia)

Introduction

Your second report of the term from the Ministry of Finance. As of Day 8,829 we no longer lost any of our income revenue to Argentina however from Day 8,828, Slovenia started to gain daily tax revenue from the regions of ours they occupied.

Market Log

A look at recent market trends

Revenue

A track on what is recorded on our Country > Economy Page, Argentina's and Slovenia's

Longer Term Average Wage Trend

We will end this report once again with of a look at another longer term financial data record, this time UK average wage (Day 2,472 to present day). Of course the influence of our commune workers may mean this graph does not represent the full picture however I thought some of you may find it of an interest to look at.

Close

For any further information don't hesitate to contact me.

Huey George - Minister of Finance and Governor of the Bank of England

Comments

Hail Astrid Day 2,830, 08:22

Loving the charts and graphs, A+ for effort!!!

Huey George Day 2,830, 11:15

Thank you, Hail Astrid o/

Rafay Ahmed Day 2,830, 08:24

Great info as always.

How is the govt. working to increase money now that we've spent half of it?

Huey George Day 2,830, 11:26

Thank you, Rafay

There has been Congressional discussion about increase taxation however this course of action is best considered when our territories are not under occupation by enemy states as we lose revenue to the occupier. How quickly we can liberate ourselves could be telling as our funds diminish however we do have longer term deposits for Government / Congress to consider if a lack of funds presents a serious issue.

certacito Day 2,831, 03:07

Voted and endorsed

Huey George Day 2,831, 05:02

Thank you, certacito

Azidano Valkran Day 2,831, 04:20

These are amazing.

I love the information on these things.

A couple of questions:

1 - What does MPP Fees mean?
2 - What does a "Long-Term Deposit" mean?

Huey George Day 2,831, 05:01

Sorry I replied in the 'wrong box' please see my comment below.

Huey George Day 2,831, 05:01

Thanks, Azidano

When a country signs a Mutual Protection Pact (MPP) it will deduct 10,000cc from both country's treasuries. So the 'MPP fees section' is just a tally of the funds we have spent on signing MPPs over the past 7 days prior to the reports being published.

The long term deposits are "Trusted Citizen" or "Woldy's Angels" funds.

Two of our citizens have entrusted by Congress to look after £100k each of the eUK's treasury. This is mainly emergency funds to be used for MTO situations. There are two other 'trusted citizens' already voted for by Congress. So when we get back to turning a profit, another £100k will be sent to one of them for safe keeping when agreed by Congress. This was all brought in to stop the eUK's treasury from looking tempting and thus reduce the chances of another MTO.

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