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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

[MoF] Bank of England - Financial Report 5th August - 12th August

Day 2,822, 16:52 • Published in United Kingdom

• by Bank of England

The Books
Treasury: £110,371 ---> £105,666.34 (as of 15:00)
Long-Term Deposits: £200,000
Tax Income: £7,978.56
Loaned Organisations Income: £6,000
MPP Fees: £20,000 (Venezuela & Belgium)

Introduction

Welcome to a new term from your Ministry of Finance. Due to the way the dates have fallen, the final report from our excellent outgoing Minister of Finance and Governor of the Bank of England, WookieO was on the cross-over day, which has given me plenty of time to get settled back into the role before producing this first report of the term.

WookieO and Appleby before him have established a very fine template of a report from the Ministry of Finance so I see no reason to alter things too much, just an occasion extra graph or two. So without further ado...onto the financial updates.

Organisation Loans

I have contacted all those who had loaned an organisation last month to request a payment of £1k to continue to loan the organisation. As a result we have collect some rental fees and there are currently organisations available to loan for your transactions on the monetary market when you’ve exceeded your citizen 10g limit. If you’re interested send me a PM to discuss.

Market Log

A brief look at recent market trends

Revenue

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

Longer Term Revenue Trends

Inspired in part by a recent discussion in the cabinet a look at some longer term financial data records(Day 2,390 to present day). I am hopeful the graph will be readable, it is a comparison over time of our tax revenue generated by our own regions, other countries regions we have occupied, our tax revenue which has went to other countries during occupation, a sum of all of everything listed and history of our work tax rate. Of course the graph does not tell the whole story of the eUK since Day 2,390 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

VoodooMike71 Day 2,823, 04:17

Excellent report. Although, as the rate the reoccupation of regions is going, next month's will be even better 🙂

Interesting final graph. It confirms what we all should already know - higher work tax leads directly to higher income. Perhaps more importantly, although income is obviously higher when tax is higher, it doesn't seem to gradually drop off. If the fears about producers leaving in protest at high taxes were true, we'd expect to see income gradually drop when taxes are high.

Conclusion? Raise taxes!