Ministry of Finance- March Term Report Quarter 1

Day 847, 19:42 • Published in Israel Israel • by Sam Krak

Greetings Everyone!

This is the first report of the Israeli Ministry of Finance's March Term

1. New Interns!
Congrats to Gavin Wax and Yibgib, new interns in the MoF!

2. March Budget
Take a look! It's important to see where our funds are going. If you have any problems, PM me or Franz and we will settle the issue.

https://spreadsheets.google.com/ccc?key=0AhTWpBZFk4N3dGZwZUZoTWtsbHcyYzRoTjc2MkRtZ0E&hl=en">MARCH BUDGET

https://docs.google.com/Doc?docid=0ARTWpBZFk4N3ZGM4a3EycHBfMjZjaGI2N25mMw&hl=en">MARCH GOVERNMENT OWNED COMPANIES BUDGET

3. A Word From the Minister
***It has been a difficult exercis as it is hard to get all the businesses reporting, and I've smoothed out estimations over the quarters even through some of it, such as donations, can be very uneven.
What it does tell us is that my estimations over tax take are too high. This, I suspect, is partly in inaccurate estimations on my part, and largely to do with the world economic depression and global deflation in prices and wages. Wages in Israel are currently half or less than what they were 1 to 2 months ago.
On the basis of this, I recommend that we continue to seek ways to boost revenue, but also recognise that we are in an economic recession, and that raising taxes too high could damage our businesses.***
Franz Kafka, Minister of Finance

4. Projections
Projection Sheet is https://spreadsheets.google.com/ccc?key=0AhTWpBZFk4N3dGZwZUZoTWtsbHcyYzRoTjc2MkRtZ0E&hl=en&pli=1#">HERE

5. Government Owned Companies Status Report

eIsraeli Defense Force Companies:

eIsraeli Defense Force Weapons
http://www.erepublik.com/en/company/eisreali-defense-force-weapons-197833
*NO EMPLOYEES*

Israeli Defense Force MT Shop
http://www.erepublik.com/en/company/israeli-defense-force-mt-shop-212469
*No Employees*

Bank Of Israel Companies:
Israeli q4 Weapons
http://www.erepublik.com/en/company/israeli-q4-weapons-189691
*5 Employees*

Ministry of Defense Companies:
Israel Defense MT shop 2
http://www.erepublik.com/en/company/israel-defense-force-mt-shop-2-187796
*NO EMPLOYEES*
THANKS GAVIN, YOU DID A GREAT JOB!!!!

That's all for now, keep updated with the MoF by voting and subbing this article!

Yours in eIsrael's Hands,

Sam Krakower, vMoF
Franz Kafka, MoF