[MOF] Finance Report February 2011
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by Ministerie van Economische Zak
o
L.S.
The Netherlands have been in war with Poland, this was a legendary fight, however it was also a big blow t our treasury. We hereby present an financial overview upon the financial assets of our country. So be prepared this overview wont be nice.
STATE FINANCES
State Account
GOLD 2.08
NLG 11746,2
DNB
GOLD 503.16
NLG 51054,25
Ministerie van Economische Zak
GOLD 79,35
NLG 33498,87
Other Government Funds
GOLD 32.31
NLG 11900.65
BANK Deposit 273 (-263,64) Part of the money has been withdrawn during battle.
TOTAL (Change since last update)
GOLD 889,9 (-903,09)
NLG 108199,97 (-22873)
Foreign Currency (estimate in gold) 37.38 (+17.3😎
As you can see the overall change in the state finances has not been very great since the last month. But this has all to do with the battle of eastern NL, the rest of the month we heavily cut back in costs on military.
PHX loan
We did recieve 150g from PHX from the 300g loan we gave them, with this we can expect that we wont get any more money and essentially we will loose 150g as a loan which will never be returned.
State Companies
There is still some money in the state companies so next month the total NLG will be higher when we deposit all this NLG to the financial department.
Defense
So far this month the Defence department got 10k NLG, this will be 15k at the end.
Congress Tax
These are the people who donated last month:
Broersje 5g
Daniel parker 3g
Hollenboer 2.5g
AI 8g
Dennis Baks 1g
Nelson calve 3g
Prutser 1g
Artemivanov 1g
Paladijn 1g
Shrubbery 3g
Shakerr 1g
Sarah voorhees 5g
Garmr 1g
Antiko 2,5g
Thanks to those who have donated their money, especially who donated more.
Shame on u who didnt donate.
Luuklag, Minister of Finance
Dennis Baks, Secretary of Finance
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Comments
Finally. Look on the bright side: we still have about half of our Gold.
Lordy; it's a miracle🙂
Good overview, voted!
But there were guarantees when we gave out that loan! We shouldn't just abandom these amounts of gold.
dimlighthero at that time we didnt think phx would die, but at this moment there is 0 gold left in the treasury of phx. So there is no way we will get more money back.
u cant drain and dried up well.
Money is there to be spent (wisely). No harm in having a lower amount of gold on our accounts seeing we put it to good use.
Thanx Luuk & dennis! nice done!
@dimlighthero if you want you can ask all the countries that left phoenix (brazil, hungary) for our gold 😉
First of all, great report!
I would also like to request some more info on the amount of gold (600) of eNL on the Pecuniam bank. what is the number of gold on that bank right now? Thanks!
@Shakerr:
"BANK Deposit 273 (-263,64) Part of the money has been withdrawn during battle."
@Heinaku, but it was a total of 600 Gold at the start? What was the total amount of interest rate received in gold?
@Shakerr: Actually, it was 500 Gold initially: http://enetherlands.nl/viewtopic.php?f=26&t=7140. So the interest was included in the report: about 36 Gold.
jep indeed interest is around 36g, but there will be less interest due to the lesser amount we have invested now.
Insufficient report... cant believe people feel this is a great report, guess its just me.
plz explain kiecho, because maybe if we know what we are missing in this report we can fix it.
in some erep countries publishing the state finances is seen as a security breach
I think Kiecho was hoping for a bit more detail in relation to how Congress fees were spent.