DPBR 654 AB: Difference between revisions
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==The National Budget== |
==The National Budget== |
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Public Secretary's Summary - ''Well Minister, here we are again. Debt to GDP will be over 100% at the end of this year. Tax incomes remain at basically rock-bottom, and taxes on employment have caused a crisis in business confidence. While the previous government has seen the deficit shrink, we are still barrelling towards total financial collapse. As I reported in the last report, we are between 5 and 7 years to the total failure of our financial system. If we cannot control debt this term, government obligations will crowd out all private capital and our Florin will no longer have any value '''even in Kodiak'''. I urge you, for the sake of the nation, please balance the budget. If we cannot keep Debt to GPD below 200%, there will be next to no way to ever pay it off. I expect our interest payments to skyrocket if our credit rating goes below A.'' |
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Public Secretary's Summary - ''...'' |
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===The National Debt=== |
===The National Debt=== |
Latest revision as of 02:39, 12 May 2023
WORK IN PROGRESS
Public Secretary's Summary -
General Comments
The National Budget
Public Secretary's Summary - Well Minister, here we are again. Debt to GDP will be over 100% at the end of this year. Tax incomes remain at basically rock-bottom, and taxes on employment have caused a crisis in business confidence. While the previous government has seen the deficit shrink, we are still barrelling towards total financial collapse. As I reported in the last report, we are between 5 and 7 years to the total failure of our financial system. If we cannot control debt this term, government obligations will crowd out all private capital and our Florin will no longer have any value even in Kodiak. I urge you, for the sake of the nation, please balance the budget. If we cannot keep Debt to GPD below 200%, there will be next to no way to ever pay it off. I expect our interest payments to skyrocket if our credit rating goes below A.
The National Debt
The National Debt stands at approximately ₣ 746.45 Billion with a Debt/GDP ratio of 93%.
Our predicted Deficit this year stands at approximately ₣ 68.36 Billion.
This will increase the National Debt to approximately ₣ 811.81 billion.
Our Sovereign Credit rating has been assessed by the World Bank as A.
Interest on the debt assessed at 1.91% and is expected to cost ₣ 14.28 Billion which represents 7.5% of annual expenditure.
Income Summary
Income Stream | Amount (in millions) | Diff. 651 AB |
---|---|---|
Income Tax | 60,440 | +8,480 |
Corporation Tax | 18,840 | +160 |
Payroll Tax | 16,120 | +16,120 |
Capital Gains Tax | 5,840 | +80 |
State Energy Co | 5,160 | +15,368 |
Land Value Tax | 5,040 | +40 |
Sales Tax | 3,932 | +28 |
Petrol Tax | 3,088 | +396 |
State Telecom Co | 1,960 | +1,960 |
Property Tax | 1,588 | +1,588 |
State Water Co | 1,008 | +3,156 |
Diverted Profits Tax | 956 | +956 |
Empty Homes Tax | 952 | -76 |
State Postal Service | 476 | +476 |
Alcohol Tax | 352 | -72 |
Luxury Tax | 96 | +96 |
Drug Tax | 64 | +8 |
Tobacco Tax* | 000 | 000 |
TOTAL INCOME | 125,912 | +36,408 |
Government Borrowing | 68,320 | -25,120 |
*Traceable tobacco usage appears to have bottomed out.
Expenditure Summary
Expenditure | Amount (in millions) | Diff. 651 AB |
---|---|---|
State Schools | 52,720 | -160 |
Debt Interest | 14,280 | +5,000 |
Military Spending | 12,000 | +680 |
Rail Funding | 10,560 | -80 |
State Pensions | 10,400 | -2,640 |
Social Care | 9,120 | -480 |
Bus Subsidies | 5,656 | -24 |
University Funding | 5,520 | +5,520 |
Mining Subsidies | 4,760 | +4,200 |
Police Force | 4,640 | 000 |
Agriculture Subsidies | 4,560 | -40 |
Rural Dev Grants | 4,560 | -40 |
Immigration Dept | 4,240 | +1,244 |
State Housing | 3,988 | 132 |
Disability Payments | 3,920 | -120 |
State Health Services | 3,784 | -12 |
Science Funding | 3,764 | -36 |
Road Building | 2,564 | -24 |
Business Grants | 2,480 | -20 |
Int'l Investment Credits | 2,404 | +2,404 |
Intelligence Services | 2,328 | -20 |
Tech Colleges | 1,928 | -20 |
Public Libraries | 1,704 | -136 |
Tech Grants | 1,580 | -12 |
All Other Expenses | 22,140 | +12,196 |
TOTAL EXPENSES | 195,600 | +12,640 |