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Department of Finance and Industry Report

Day 606, 17:00 • Published in Ireland Ireland

• by Brian Boru

Well, I have a few things to cover.

Spending Report 15th-18th July:
The first of the four-day spending reports is released.
This one isn't particularly interesting as not much has been spent (yet).
I'd appreciate if Ministers who have funds allocated would contact me regarding their budgeted funds.

http://forum.erepublik-ie.com/viewtopic.php?f=39&t=1417

Currency Stabilisation and Adjustment:
The currency stabilisation and adjustment measures have been successful so far.
We even managed to do it before the majority of speculators swooped in to take advantage.

Tax Reforms Update:
From what I've seen initially, government income exceeds what we got previously despite concerns over tax evasion. It looks like a tax cut from 12% to 10% will be on the cards, so look forward to it!
The income is also less erratic than what we saw prior to the changeover in dependencies from VAT to income tax.

Overseas State Company Project:
This project sadly must be suspended until the current international turmoil has subsided, as we cannot afford to put gold abroad when it may be needed to pay for military resources in the event of invasion. Instead, state aid to internal private Irish companies will be considered.

State Housing Scheme:
Applicants for the State Housing Scheme must contact the Department of Health, who will collect the applications and send them onto the Department of Finance and Industry for processing. Payment will be made to the Department of Health.

Comments

Grainne Ni Mhaille Day 606, 17:04

Great update, for my domain. Thank you BB.

Padraig_Pearse Day 606, 17:10

Good work

Eamonn DeValera Day 606, 17:15

You wont hear any critisism from me... YET! 😛
Good report Brian.

Lord Rhindon Day 606, 23:42

Thanks for the update, Boru. Seems things are chugging away nicely.

Ian Arb Day 607, 02:00

*State Housing Scheme:
Applicants for the State Housing Scheme must contact the Department of Health, who will collect the applications and send them onto the Department of Finance and Industry for processing. Payment will be made to the Department of Health*
You told me they were suspeneded untill the end of the war...

Ian Arb Day 607, 02:01

And Good work.

Brian Boru Day 607, 05:27

"You told me they were suspeneded untill the end of the war..."
We worked out a system and I was unaware of the actual effect the scheme would have on the country's finances until I was informed properly.

patton Day 607, 05:37

State aid to private Irish companies overseas makes so much more sense fiscally and should be the primary policy not a fallback

Brian Boru Day 607, 06:25

"State aid to private Irish companies overseas makes so much more sense fiscally and should be the primary policy not a fallback"
Under circumstances where the threat to Irish territorial sovereignty is minimal, I agree. However, as I stated in the article, we can't afford to put gold abroad when it may be needed to defend the country.

Grainne Ni Mhaille Day 608, 13:03

"we can't afford to put gold abroad when it may be needed to defend the country"
Thanks be to e-God, a Minister with the skills needed for the times we are in.

Mr aNiallator Day 608, 15:46

Yes, its happened! I asked for transparency of the Finances for security reasons.

Though i think you should say how much you allocated to the MOD but not what its used for, because of national security.

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