Start of Term Financial Report
Day 2,972, 07:19
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Published in Australia 
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by
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by eAustralian University
G'Day eAustralians!
Your new MoF and Reserve Bank Guv'nor here to put in my 2 cents worth about your 2 cents worth. As there wasn't a report at the end of last term, I've done my best to incorporate it into my first report here.
Incomings and Outgoings:
For the term of Day 2938, 06/12/2015 to Day 2968, 05/01/2016
Opening Balance of Treasury: AU$16,538
Income:
Tax Income: AU$87,109
Rent from eChile: AU$40,000 @ 20k each for Victoria and Tasmania.
Bonus from eChile: AU$24,503 Additional amount above the required tax credit.
Donations: AU$31,657 A major donation would be the revenue from the sale of 60 gold from the dictator awards.
Expenditure:
MPPs: AU$140,000 14@ 10k ea - 14 Mutual Protection Pacts were signed or renewed in the last term.
Closing Balance of Treasury: AU$59,807
Hence we made a gain of AU$43,269, thanks largely to the rental income.
The State of the Reserves:
Please note that all reserves listed are those held in government accounts and do not include amounts held in organisations' own accounts.
The net increase of 95.76 Gold and AU$30,503.74 to the reserves between the two periods can be attributed to taxation income, rental income, donations, and monetary market trading; the latter being shown by the fluctuating amounts of gold and Australian Currency in some accounts.
Reserves at the start of last term: Day 2938, 06/12/2015
Total:
805.84 Gold
799,733.23 AUD
Unknown Energy
Composed of:
Treasury:
96 Gold
16,538 AUD
Unknown Energy
Reserve Bank of Australia:
294.58 Gold
577,321.83 AUD
Government Departments:
25.34 Gold
6,435.57 AUD
Military Units:
130.18 Gold
68,155.22 AUD
Political Parties:
50.59 Gold
126,208.38 AUD
Business:
209.15 Gold
5,079.23 AUD
Reserves at the start of this term: Day 2969, 06/01/2016
Total:
901.6 Gold
830,236.97 AUD
329,698 Energy
Composed of:
Treasury:
96 Gold
62,617 AUD
326,698 Energy
Reserve Bank of Australia:
294.58 Gold
57,7321.83 AUD
Government Departments:
3.34 Gold
13,919.57 AUD
Military Units:
109.39 Gold
138,220.23 AUD
Political Parties:
300.09 Gold
36,988.41 AUD
Business:
98.2 Gold
1,169.93 AUD
Details of Tax revenue for the term of Day 2938, 06/12/2015 to Day 2968 05/01/2016
Gross $81,652
eChile +$5,497 reimbursement from regions they occupied during the Training War.
eNZ -$40 reimbursement for the region we occupied during the Training War.
Net $87,109
Average Daily Tax Revenue $2,634
Maximum $3,918
Minimum $1,996
Current Rates of Taxation:
I believe these have remained unchanged for the duration of the last term.
The Market:
Employment conditions are good. The Average Wage stands at $69.95, with ample job vacancies at or above $80.
Our Housing Bonus was 20% for the whole of the last term, our Food Bonus was 60% for 26 days of the term, but saw a low at 40% at the beginning of the term, coming off the back of a 10% low in the previous term due to the Training War with eChile. We also saw a high of 80% for 2 days during the Training War with eNewZealand. We currently have no Weapons Bonuses.
The Housing market is relatively healthy with the supply of Q1 houses around the median of $450 almost keeping up with demand. For those on a wage of $80 or above with overtime available to them, Q1 home ownership is a sound investment at this price.
The Food market is fairly close to the $0.10 Q1 Base price, with regular variations of a cent below or above.
The Supply of Q7 Weapons in the eAustralian market at an internationally competitive price has struggled to meet demand, meaning we are forgoing potential GDP and Tax Revenue. Congress will be looking at options as to how to correct this. I am eager to hear the opinions of both Producers and Consumers.
Raw Materials prices and other goods appear to be trading close to international benchmarks.
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Comments
Well done, guvna!
Thank ye sar!
All up Chile paid 70k, 40k rent the rest tax back
I guess they overpaid then. I'll put in a note.
I listed it as a bonus, just so that my tax spreadsheet still lines up with the online graphs and the daily average is still comparable to this term.
Did we get anything from Chile last month? Show me the financial report.
[removed]
This is the report for last month - December. If you mean the month before as in November I have no idea where that is. I'm not that guy.
Conkeror69 to FreeGigi and 3 more people | 27 days ago
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That was the last payment received due to the USA war and the RWs, it was shown to congress at the time of being received.
great job!
Good to see you finally officially get the position. In regards to the Q1 houses, if you want, I can put more on the market at anytime, just drop me a PM. The supply of weapons can also meet the demand, but in another article you or someone else spoke about flooding the market, hence why I limit the amount I put on.
Any tax changes will effect the current setups people work with. The taxes have been left 'as is' for quite a while and while I can only speak for myself, I know that my industry is set up for these current taxes. If you have any more questions (I know we have chatted about this before) feel free to PM me again.
Also maybe Australia should look at the rental deal we had, after Peru complained and lied to other countries, they never even bothered to ask about renting regions. If Australia managed to earn 40k + taxes back + diplomatic assistance from eChile, we should look into that again or find someone who can either match it or better the deal. That way we can keep our MPP stack strong, rather then drop the ones we have now. Doing a rental deal with a friendly non-allied nation makes things easier for determination resets, TW's and getting the region rent off the ground in the first place.
Also why arent you using the DoF paper? There have been some good articles in it and it will help in keeping track of the countries finances.
You mean the Reserve Bank one that has about 500k and 200 gold? That would be because I'm a first term senator, I didn't even ask very hard for that reason. I plan on changing the name of this account anyway so the department of finance can be separate to the reserve bank for security reasons, although I guess the swap could happen the other way to preserve the articles.
As for the houses yeah a few more would be good. I know we ran out yesterday. As for the q7 market feel free so supply it if you think you can. I think with a constant price marker at 17.50 or below there isn't as much incentive for people to try to buy with hope of turning a profit. I'm still not convinced we have enough domestic production to keep a constant supply of $17 or thereabouts but I'm happy to be disproven. I've been importing on small margins just to keep something there.
Okay, I will channel more Q1s into the Australian market. The $450cc price margin I set, is slightly higher then the lowest one out on the open market, but the gap is greater between each location.
With the Q7s I can set it 17cc, but that will lead to people upselling, and there is nothing to stop other doing that. To recoup their costs, they will need to sell it for approx 17.60 give or take due to the taxes.
Yep, understand the security issues with the RBA (as explained to you in PM about the previous missing money), but it is good to keep the articles together, maybe do up a draft gdoc and send it to whoever has control of the org and its contents 577k and 294g. That way they can publish it and it will be all accessible from the same location for future reference.
Mr DoF,
How many MPPs do you think Australia can afford/renew or how many do they plan on doing?
As in the CP paper there was a line from our esteem leader:
"our budget cannot support our current MPP stack."
Yet by this math (see below) and the amount of MPPs we currently have we can actually afford to keep all 8 outstanding
(Israel was paid for by the Australian patriot gbr_blue, Netherlands has been proposed so it is not included in the math and well Latvia was dropped after the CP recommended that Netherlands and Israel is renewed "I have recommended that the Netherlands MPP be paid by gov, and a private citizen has stepped forward to fund the Israel MPP." and Iran should fall into next terms budget).
So with 8 outstanding to be renewed are we expecting more unnecessary cuts to the MPPs? (Latvia was affordable) or will the government and DoF being spreading the good word that our budget is actually healthier then originally forecast and that it was 'propped' up by private donations.
with a current balance of: 66,000cc
a projected income of 100k
(Calculated by adding the tax income from day (2,966 - 2,971 = 19,445.31)
Divided by 6 for the avg = 3240.885 cc
Times by 31 days for the month = 100,467.43cc)
This dosent include any potential bonuses from Australian patriots like gbr_blue going with out his hard earned money or our esteem leader JackTrout donating his dictatorship gold to the country or even org rental income.
Edit *budget is actually healthier then originally forecast and that it was 'propped' up by private donations. Should read "budget is actually healthier then originally forecast and that it was not 'propped' up by private donations."
But if my math is wrong, please let me know, as the brief PM Guag has pointed out, I am an idiot. Also what happen to his cabinet spot after all, he was the PM for a while then is no longer?
One congress member has offered to personally bankroll MPPs if need be. As for the budget, just based on tax revenue, yes we could afford 8 MPPS, or if the dictator medal rewards are donated a further 2. As for which ones should be approved that is a matter of cabinet votes and personally my yes or no isn't based on what I think we can afford, although I can't see the ones I would vote for being any greater than 8 or 10.
In a time when we aren't receiving rental income we could dip into reserves a little if need be especially as we made a net gain of just over 40k last term - enough for 4 MPPs.
It was more the case that the public via the media and also soon to be ex allied nations where told that 'Australia cant afford the MPPs'. Yet anyone with a calculator can work out that Australia can and has done in the past.
The reason I was prompted to ask the question, was someone asked it to me.
Sorry my 8 or 10 was based on last month, for this month's projections, yes possibly 10 or 12.
It was more the original article released by the CP where he suggested not to renew Latvia due to financial costs, not your comment or article. But since you now have your finger on the financial pulse of eAustralia, I was hoping for an update, so messages from the government can be clear. And then possibly the voting in congress can be better.