[MoF] Reserves Status

Day 2,265, 08:30 Published in Belgium Belgium by NBB-BNB


Dear eBe Citizens,

As you are aware of, we have rationalized the budget during this month. I will therefore show you the result on the finance of our state during this month. It has to be noted that Poland is currently earning 80% of our tax income, which lead us to lose more money than we will in the future.

The current balance is the following:

Gold : 445,99
BEF : 298.573

One month ago, we had the following reserves:

Gold : 492.99
BEF : 314.234

The difference in the gold amount is explained by diverse loans as well as by the end of the BEF4Gold program. There has not been any significant change and this amount should remain stable in the future.

The difference in BEF is due to the ending of the programs as well as 20K that we spent on the renewal of MPP. The decrease should be must less significant next month (probably less than 10K BEF).

With the current economical balance/model, we should be able to keep our way of livings for a couple of years and there are therefore no concern to have.

It has to be noted that once we will be freed from Poland, it is likely that some of our programs could be opened again, but in a lower scale that was has been done in the past.

Best regards,
Ministry of Finance
Jofroi