[MoF] - December Report 3: The Aftermath
Day 1,867, 04:45
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Published in United Kingdom 
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by
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by Bank of England
December Term:
Report 1: http://www.erepublik.com/en/newspaper/bank-of-england-news-2217/1
Report 2: http://www.erepublik.com/en/article/-mof-december-report-2-how-much-did-that-battle-cost-us--2180901/1/20
Hello all,
I hope we have all calmed down now. The Christmas period is coming to an end along with the year tomorrow and all of our real battles have closed leaving us just with the training war with Ireland to go ahead with.
We had quite the spend as we took off on our jaunt to Portugal followed by attempting to close the war and ensuring the Irish were able to do this for us (Thank you for that guys!) and we were supplying pretty much throughout the days at some point or another. I am going to maintain that the fun was worth the cost!
We recently opened up CtA’s again so expect those expenses to be going back up again. Roughly £4k spent on that since it was re-added.
I am not really going to touch on taxes again this time. They are in the image and you can see how much we have earned a day on average since the term began but you can read much more in depth right here from 5butjam: http://www.erepublik.com/en/article/-mof-tax-tracking-december-pt-1-2181751/1/20
Here is the state of our finances currently:
As you can see, over the length of this term we have lost just over £178k. However considering our total spending was £493k (Roughly 333k on supplies, 40k on CtA and 120k on MPPs) it is not a bad number at all. It is pretty impressive that our income overall was ~£315k.
We will no longer be supplying for battles so we do not have to worry about that number going up anymore. The CtA value will be going up again as that was recently restarted. We will be keeping a close eye on things to make sure it isn’t too costly.
On the MM: Gold prices are horrible for this at the moment. We are buying the gold at £333.33 and currently gold is selling at £348. So not much profit to be made but I am still working on getting as much as I can and still tweaking the process to try and cash out at 100% every time (getting closer and closer by the week).
If anyone has any questions, please do not hesitate to ask!
Thanks all,
Carlini
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Comments
Awesome...
Official MoF position on the current lowering tax proposals?
Personally I would like to keep taxes as they are. If we eat into our reserve we have less cash to put on the MM which in turn lowers profits from the MM too. So we would lose gov money on two fronts. However, as I have always stated, I am happy to work with whatever is put in front of me.
Brilliant Job once again Carlini!
i think we should keep taxes the same as like carlini says the MM is where our money is made,
we could do with a good stockpile as the MM isn't a continuous source and i'm sure can be unpredictable possibly leading to poor months where we would need our reserves
Good report as ever Carlini, we lost some money so far this term its to be expected after such an epic month and well worth the cash.
Gold Prices suck and if they increase we could actually start seeing some real return for our MM fishing efforts.
Good work Carlini 🙂
Brilliant Job once again Carlini! x2
Says it all really O7
Excellent job as MoF, pity your worthy advice on taxes was ignored by the new parliament
if low taxes is a bad idea, THEN we'll revert it back, eventually we'll lose some money, but it can be good and probably it's a good idea, then we'll make more money!!!
Great report again carlini, 178k sounds quite good al things considered
Can't put a price on fun they said... 170k was well worth having the sun on our backs. Albeit for a day...
Another excellent term carlini, has been a pleasure to work alongside you (spending all your hard earned).
good work as usual. Sad to see taxes lowered when we want to increase fun...