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Ministry of Finance - An Introduction

As requested by our Ministry of Education at the start of the current Country President's term (a tad late in finding the time to fully write and publish...)

Also next in the line after [UK]A day at The Ministry of Foreign Affairs. (A great read if you've not had the chance yet)

The Ministry of Finance (MoF) informally The Treasury, is the government department responsible for developing and executing the British government's public finance and economic policies.

The Ministry has the largest hand in controlling the economic stability of the United Kingdom. The MoF controls the Bank of England, which is responsible for regulating the flow of currency into the market, and at what rate. It receives its funding from the National Treasury, with the approval of the House of Commons.

Well this is the Ministry of Finance in real life... in eRepublik the MoF carries out a similar yet different role.

Historically the MoF shares responsibility with 10 Downing Street (Country President) for developing and executing the British government's public finance and economic policies.

Congress (House of Commons) has the largest hand in controlling the economic stability of the United Kingdom, however, the MoF has an important role as an advisory body.



Ministry of Finance - Daily Tasks

Recording daily tax revenue generated by owned regions - Work as Manager, Work, Medals, Value Added Tax, Combat Orders, Treasury Donations, Import Tax, Revenue gained from occupation .etc

Recording daily expenses - City Subsidy, MPP .etc


Accessed via My Country > Economy

Recording a daily snapshot of the economy eUK - Average Wage, Treasury (Gold / CC), estimating the number of "work" clicks, "work as manager" clicks, the prices of Q5 food, Q7 weapons, Q1 Houses and Q1 Air to Air Missiles, Gold price and CC exchange rate

Monitoring Monetary Market Investments - Bank of England MM trust scheme and the Government's own MM activity. This activity gained the eUK £325,000.00+ last term.



Ministry of Finance - Less routine tasks

Monitoring Military of Defense Combat Orders spend if requested by the MoD or CP To keep a accoutability to the public on the spend of money raised by their taxation.

Providing Training Ground upgrade loans to help citizens upgrade their training ground during promotional periods


One for Mad Pauly (Gladstone with the Treasury graduate recruitment website in the background (Photo credit: HM Treasury)

Routine Public Reporting - Providing an overview of Government Revenue and Expenditure, Market Conditions, Financial Guidance and the promotion of Government Schemes. I've been very poor of this as of late, however, must endeavour to get back into this or take up an offer of help.

Providing ad-hoc financial data or guidance on request from the Country President, Congress and members of the public to help form policy, decide on changes on levels of taxation and help grow holdings and private financial wealth.


Not a bad office to provide your public duties from...



Close

Hope this has given you an insight into the Ministry of Finance. For any further questions about the operation of the Ministry of Finance don't hesitate to contact me directly or ask below in the comments.

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