MoF Update

Day 1,790, 23:43 Published in Ireland Ireland by CaffeineHit

Apologies for not releasing an article earlier to update on the status of the robbery.

In short Rikian has been putting in a lot of effort speaking with the admins regarding our funds that were stolen. But to no avail, we are not getting anything back.

This is a serious blow to our finances.

In total 2.3m IEP worth of gold and IEP has been stolen and just over 1m remains.

The government finances were run like a university endowment fund. With the capital held in the orgs to trade the markets. The objective was to make enough money trading to keep Boot Camp and the tank program going without touching the capital.

With a seriously depleted capital value our income will also be seriously down, changes to the tax rates and/or spending programs may be need to rebuild our finances.

But unfortunately I will have to leave that task to someone else as I will be resigning as MoF.

My role as MoF was to protect the finances of the state for the long-term and in that regards my term was an abject failure.

I enjoyed my time in the DoF and hope programs like the rockets for BC can be maintained once our finance improve.

The security weakness was not caused by my actions but I should have done more to protect our finances.

For that I am eternally sorry to all eIrish citizens, past and future.

DE