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L.S.

Today I present to you the finances of the country. During the last month a number of things happened. The first being a return of some gold from an outstanding loan to PHX. The second being the change in the rate of the NLG. I will discuss this further in the article.

STATE FINANCES
State Account
GOLD 7.05
NLG 7637.14

DNB
GOLD 620.64
NLG 51035.25

Ministerie van Economische Zak
GOLD 382.47
NLG 52994.91

Other Government Funds
GOLD 246.19
NLG 19405.67
BANK Deposit 536.64 (+36.64)

TOTAL (Change since last update)
GOLD 1792.99 (+187.9😎
NLG 131072.97 (-658.51)
Foreign Currency (estimate in gold) 20 (-130)


As you can see the overall change in the state finances has not been very great since the last month.

The reason for this is as follows:

We recieved around 166 G from an outstanding loan from PHX. The remaining sum is 300G. The government is still in the process of trying to receive the remaining sum of this loan, and are using all our contacts within PHX to retrieve the remaining sum.

State Companies
During the last month we have spent around 15000 - 20000 NLG In order to rebuild stockpiles for use incase of war on our soil. When we are finished our country will have 2000 units of Q5 food and 500 Q5 weapons. These weapons and food are meant to be used for EMERGENCY only.

Defense
Currently the defense budget is getting around 15000 NLG a month. In my opinion the military is one of the major consumers in our country. I would like to see the military budget increased to 20000 NLG a month. I believe that this is within our country budget to do so. Defensie has already been rationing with their budget, but i think there is some flexibility there to increase the budget.

Congress Tax

The government receives on a monthly basis around 30G gold through the congress tax. This money helps maintain our MPP every month

Bank Deposit

The government has deposited 500 Gold from the DNB to Pecuniam Banking. The government recieves 2% in compounded interest. If this investment is maintained n the long run we should be able to see a significant increase in the governments assets in the long run and should help pay for our MPPs.

OTHER
There were also some other minor expenditures the last month. This was mainly for an ad budget for R&C as well as NLG to buy food for eBabies in need.



Conclusion

All in all our finances for the last month were stable. I believe that our investment in banking is paying off and our congress tax is helping as well. Furthermore I think that we can increase the budget for our military so that they do not run out at the end of the month.

If you have any questions with regards to the budget feel free to ask!



Auggustus

Minister of Finance