[Congress] Monetary policies

Day 4,182, 13:03 Published in Netherlands Netherlands by UNL Congress

Greetings, citizens of Netherlands,

Congress member odan requested the following debate be started.

Topic: Monetary policies.
Requester: odan
Text:
We recently had a debate about the monetary policies law. it however never reached a conclusive end or vote, so after reading trough that debate i made a proposal cobbling together parts of suggestions in that debate.




Proposal:

Change Chapter III, Article 2:

from the current version:

Article 2 – Monetary Policies
1. The budget of the Government of the eNetherlands cannot exceed the tax income of the previous month. An additional budget can be awarded by congressional approval.
2. The Gold expenditures are not regulated. The Government is responsible and accountable for the way the Gold reserves are spent.
3. The organization ‘Ministerie van Economische Zak’ (EZ) serves as the current account of the eNetherlands.
4. The organization ‘DNB’ serves as the Emergency Fund consisting of at least 1000 Gold and 1,000,000 NLG, which can only be used with congressional approval.
5. In case the Emergency Fund does not meet its requires required threshold the Government must allocate at least 25% of its regular budget to the Emergency Fund.
6. Unused budget at the end of the term will be transferred to the Emergency Fund unless another expenditure is designated.
7. Citizens can review the current state of financial affairs at all times in the official Finance Sheet, managed by the Ministry of Finance.


into this:

Article 2 – Monetary Policies
1. The budget of the Government of the eNetherlands consists of all the tax income from the previous term, plus 50% of all other income (Concessions, Donations, Monetary market program).
2. The remaining 50% other income can be added to the government budget after approval by Congress, this is not allowed if the emergency fund is not at the required threshold.
3. The organization ‘Ministerie van Defensie’ needs to have 100.000 NLG on it at the start of a governmental term, If the org contains more NLG the excess will be transferred to DNB by the keykeeper. If the org does not contain the required 100.000 NLG it will be filled by remaining budget from the departing government and/or the starting budget from the new government.
4. The organization ‘Ministerie van Economische Zak’ (EZ) serves as the current account of the eNetherlands.
5. All other government organizations will be emptied to a maximum of 5 gold and 1000 NLG at the end of a government term by the Keykeeper. Money emptied from these orgs will be transferred to DNB by the keykeeper. Organizations used for the Monetary market program are excluded.
6. Gold expenditures need congressional approval. An exception is made for governmental programs in the lawbook at the start of the term.
7. The organization ‘DNB’ serves as the Emergency Fund consisting of at least 2000 Gold and 5,000,000 NLG, which can only be used with congressional approval for defensive wars on the eNetherlands.
8. In case the Emergency Fund does not meet its requires required threshold the remaining 50% other income will be transferred to the Emergency Fund.
9. Unused budget at the end of the term will be transferred to the Emergency Fund.
10. Citizens can review the current state of financial affairs at all times in the official Finance Sheet, managed by the Ministry of Finance.




odan and Kordak
CoC Team