{eIre MoF} End of Term report

Day 3,487, 02:53 Published in Ireland Ireland by Treasury eIre


Dia Dhuit Ireland,

Welcome to the final DoF report for Kattiaa's term. This term, there was not much 'outside' stimulating of the economy, instead it was left to see what would happen with the way things are. As it turned out, even with our low tax rates, moderate MPP stack, eIreland still turned a profit.

May Balance Sheet
Note: Extra MPP due to the Australia renewal, also UK taxes back yet to be paid, but included in balance sheet

When the government came into power, eIreland had a total of 1,014,409.56cc and 46.15g in total savings. During this month, this amount has only slightly risen due to 'natural' tax events. It now comes to a total of 1,049,576.37cc and 45.69g. The majority of this income came from taxes and Nogin's good MM play's. However income was reduced by the 'normal' MPP signings (this term paid by the gov and not private), as well as the introduction of Residence aka. City Subsidy.

Income

Your nation managed to make a total income of 120,318.57cc which was made up from many different income streams. These include😛

Tax Income: A total of 83,696cc (daily income of 2,615.50cc per day on avg) was made in taxes Note: this does not include taxes back, also Note: Balance sheet included extra days until CP was handed over, however this only effects term income and not daily income. From these figures we can see an increase in daily tax income of 879.31cc

Tax Break Down: boring figures section, for an individual break down of tax incomes...

WaM: 52,489cc (1,640.28cc) Increased by 686.41cc
Import Tax: 4,098cc (128.06cc) Increased by 39.23cc
Medals: 2,938cc (91.81cc) Decrease of 30.66cc
Work Tax: 7,605cc (237.66cc) Increase by 28.56cc
Combat Orders: 5,805cc (181.41cc) Decrease of 80.39cc
VAT: 10,761cc (336.28cc) Increase by 178.28

Org Rent: Unfortunately some of our Org renters returned their Orgs back to the government. This, plus the fact a few Org renters paid up front the previous term, made the nation net only 3,000cc from it's Orgs.

Donations: A total of 5,000cc was donated to the government. This is good to see, since it shows our economy is in the positive with or with out donations.

UK Tax Return: The start of the term, we still had left over money from the previous MKD taxes back. This was not included in this terms budget. However after the commencement of the UK training war, Ireland took in 3,569cc of UK tax dollars. Once the TW was fought on our soil, the UK took in 10,205cc of Irish tax dollars. This left the difference at 6,636cc which the newly elected UK CP Dishmcds has been billed for.

Money Market: Nogin played the money market when ever RL allowed her. While she didnt find much time, the time she did use proved to be very profitable for our nation. Nogin was able to raise 21,986.57cc from plays on the MM.

Endorsements: Total government article endorsements came in at 215cc, this amount is reflected in the 'Org' section.

Expenditure

With this term, eRep introduced the 'City Subsidy' part of the 'Residence' update. This withdrew money from the countries tax income and past it onto the cities. While the cities can not spend this money just yet, the MoF bottom line is effected. The Subsidy has cost Ireland 4,258cc for the term (18 days).

There was also expenditure on MPP renewals that came to a total of 80,000cc (as explained above, one MPP renewal has happened twice).

Conclusion

Even with the introduction of City Subsidy and our MPP stack coming from tax dollars, eIreland has grown financially stronger, all be it a slower rate. From looking at this term, the DoF believes that the nations income will continue to grow.

Your Government Team.