[MoF] Financial update
Day 4,268, 06:15
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Published in Ireland 
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by
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by New Ireland Bank
Hi Éire!
Firstly, I’d like to apologise for keeping you waiting for the report. Last report can be found here. Usually I publish them once a month, this time it almost took three months to get the numbers out. Even though I haven’t been writing reports I had enough time to do some trades and make us some juicy cash. More is still to come. I’m happy to mark the 300th day of my job as a Minister of Finances of this beautiful community (no matter what). There’s been some good times & there’s been some bad times, but I’ve always give my best to make us more cash. During the last 300 days our assets has grown for 700% which is quite unbelievable. My first day in the office started by having a budget of 1,2m and today Ireland owns over 8 million IEP. Our smart tax system, politics we’ve been encouraging and trades that has been done launched us into the orbit. There’s probably no other country making as much as we did through the monetary market.
Bonuses & Taxes
In my opinion there’s nothing to change when it comes to our bonuses and the income made of it. We’re still prolonging the concession deal with the United States and I’m very happy to see that. Bigger bonuses may not be as useful at this moment as they’re gonna be. I believe each one of us constantly tries to build itself a decent food production facilities that cover at least the individual demand of the citizen. Bigger bonuses means stronger encouragement to build the companies, and of course more profits to the big producers. More companies means more taxes, while more taxes means more money to share. I wish we would have more citizens who would use all the positive things we’re doing.
Our tax system is based on collecting the least we can while our projects enable all the citizens to use the Bank of Ireland as their profit gainer tool. Bank of Ireland serves the Irish citizens as an investment fond and can be used by any citizen of the country. I had several ideas about how to maximize our economy, but some of those ideas would require even smaller community with more active players. Maybe we’ll come up with something similar that this country would be able to fit in.
In case you missed it, I wrote about the production, profitability and bonuses in one of my MoF articles, so feel free to check it out, it might serve you some useful information.
Bank of Ireland & trading profits
If you checked the monetary market every here and then you could notice there are always some offers posted by our orgs. I’m trading on a daily basis, at least for a couple of hours. I took a huge loan from my friends in order to gain more influence on the markets. Having that and holding the investors money we’ve made 7% profits until now, but I do expect much more to come before the summer sales are on (somewhere in August). I’m hoping for at least 12% which is taking the loan, state money and bank of ireland capital - a lot. I’ll offer the investors their profits of 7% now, or (probably) more later. I assume not many will take them now, except maybe those who made bigger investments. When it comes to the state money my decision was to play a bit safer due to risking all we have, so I didn’t invest everything, only about 60% of what we have. Some of our assets are still tied to products as I’m not selling at this moment.
The current round of investment circle will end soon and I’ll announce the next one with an article as always. I’m happy to have the loyal customers who are making decent money just by placing their assets in my hands. Thank you for your trust and encouragement to keep up doing this over & over again.
Financial report
We’ve seen a significant reduce when it comes to the treasury money donation incomes as we’re not making as much as we used to. Huge percentage of the country incomes are being used on our two state-funded budgets, we’re basically not making much surplus on a daily basis. However, we’re funding two great projects with 600k a month and those projects are still producing good results. There’s been a discussion in the congress recently about them and congress has decided to keep the funding on.
*Today’s law donation included in the table
*Other explanations in the text below
During the past three months those two projects alone has seen us spending 1 800 000 IEP. We’ve also bought a telegram bot that calls the orders, epics and other useful stuff. Now our army chiefs are able to post orders that are visible to everyone using the tool. I’ve marked it as ‘infrastructure’ expenditure in the table above. Its cost was 250 000, but 100 000 has been funded privately so it costed the state 150 000 IEP. Sethesin has received 20 000 IEP state support for his article that is about to come soon. The last expenditure was the tax return sent to France last week.
When it comes to incomes we had 2 100 000 IEP of treasury donations (including the one currently in the vote procedure). We’ve seen tax returns as presented in the table. Hungary payed out their entire debt, while we’re receiving tax returns by Turkey on a weekly rate. I’m very proud to announce that 548 000 IEP profits almost payed our both projects for one month. Also, the financial profits will surely increase after few more weeks so the next financial report will be even more significant for me to brag about it.
Yours,
doncroata
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Comments
Great job and nice article. Keep us informed. o7
Thank you brate!
Thanks for the update!
Great job
Pare mi vrati MUFC!!
Može isplata u željezu?
To je idealna solucija 😃
Good work, thank you.
o7 the great friend and brother warbhoy
im not used to doncroata
I still think of him as papi don in my head.
I have so many names so people don't grow too much love for me 😛
Yeah, I know what you did there.
Thanks mate, waiting for your CS request!
In your statement in the congress thread you stated that the IA gets 200k, yet here in your limited spreadsheet you have it as 600k....
And while we hope that the IA and the gov are separated, can we get a break down of what the IA spends its money on, after all it is coming from the tax payer and the IA is apparently the only MU allowed government funding.
IA gets 200k a month, this is a three month report.
Thank you for the clarification.
Also whilst you showed the 3 month report, which works out to be only a 14% profit, the majority coming from treasury donations, can we please actually get a detailed report to the MM side of things, I am assuming you keep track of your buy/sell?
I do, but that's not something I publish in public.
Very transparent I see...
Yes, probably the most transparent Ministry of Finances in the eWorld.
Informations you require were never something publish in public for a good reasons, it was always understood that MoF trades on MM too, that's why this position was held by only couple of people through the history of eireland.
Publishing what and how I'm trading would be devastating for eIreland because I'm using the knowledge about what to buy and when, I'm using personal modules when ti comes to products buying, sharing that would be a financial suicide because other countries are always trying to figure out what we're doing.
You think 14% is small profit in 3 months? Try to make more in a long term then.
When you were in charge no profits were made, no reports were published and you didn't complain about it.
Lol, sorry DC, I always provided a pretty detailed money report, hell, I even tracked each individual tax income from medals to WaM.
I personally believe in being open an honest with everything, when I play the money market, I did record buy/sell amounts (we had people in Australia and here in Ireland who would question things), so when asked, I could provide that information.
And where did I say 14% was small? While I do think it could of been greater (but I do have an understanding it takes activity online, outside influencing factors etc), I never stated it was small.
The word "only" makes it look like that.
If I'd say when Im buying and when I'm selling others would follow that and ruin my profits. Find one single MoF in world who does that if you can. No one publishes it for a reason. I would rather resign the job than publish those details.
Also I dont think itd fit in one article 😂
Well done. You love the numbers and the numbers will love you right back I always said.
🐐 o7