Esim - Philippine Economic Report October 2013
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Good day, Filipinos!

As a part of our Transparency Campaign, I have furnished an economic report for the month of October 2013 when I first became CP to give you a screenshot of the current status of our finances and to answer your questions' regarding our national treasury and economy.

By the way, as a form of reference, you can view HERE the previous economic report that Revilo X came up with for the month of September 2013.

PHILIPPINE ECONOMIC REPORT FOR OCTOBER 2013


I. Philippines Org

Primary purpose:
- Where we keep our money
- Used to stabilize our currency by setting a peg in the Monetary Market
- Management of the PMA (Akademyang Militar ng Pilipinas)

A. Money

As of this writing, here's the amount of money that we have in the Philippines Org:



Take note that before October 2013, our treasury only has more than 100Gold
. Right now, we have 1,693Gold
.

B. Companies

The September 2013 report listed the following companies in the Philippines Org.



It is also mentioned in the report that the government then wasn't operating these companies. So as not to let these companies go to waste, we transferred PH Regalo K1 to the Department of Trade and Industry and is now fully operational. As for our companies in Lithuania and Poland, let's keep them in the PHL Org for now while we figure out what to do with them.

Here are the current companies we have in Philippines Org:



C. Military Unit

The military unit under the Philippines Org is the Akademyang Militar ng Pilipinas . Here are the companies under the MU:



II. Department of Trade and Industry

This is where we manage all our state companies. The DTI is currently being managed by Congressman yhelskie .

A. Money

Here's the total money we have in DTI right now. This money we use to pay off our workers:



B. Companies

Currently, we have the following companies in the DTI:





If you're not sure about the changes or additions in the list of our companies, you can refer to the SEPTEMBER 2013 REPORT .

C. Mlitary Unit

The MU we have under the DTI is the 1st Scout Ranger Regiment . Congressman arnan is currently the one in charge of the MU.

Here are the companies we currently have in the MU:



III. The National Treasury

Here's the money we have in the national treasury. I didn't include all the currencies; you can check them out yourself under Country > Economy.



Since the start of my second term, I have also campaigned for the liberalization of our economy in lieu of protectionism. You can find in this ARTICLE I wrote why a liberal economy is more profitable than a protectionist one. Here are the current rates of our taxes:



Later in this article, you will see how lower import taxes is better for our economy and productivity. In fact, we have started accumulating money inflows from import taxes which is a sign that our efforts are paying off.

IV. National Income

Here's where we get our income from:



Though in meager amounts, you can see that the government is also now getting income from Import Taxes. If you will refer to the September 2013 report, no income was reported from Import Taxes due to our punitive import tax rates during that period.

Also, if we continue to intensify our campaign for investors' to bring their money to the country, we predict that our income from duties will increase. Hence, I would like to ask our journalists to feature our liberalizing economy for the world to know that we are indeed open for business.

Another thing. if there's anyone here who's interested in monitoring our market prices, it would be nice if you can come up with a weekly report so we can compare how the prices progress with the fiscal adjustments that we have done.

At present, here's how we fare in the world in terms of economic productivity:



We vow to do our very best to improve our current standing and transform the Philippines into an economic powerhouse.

Thank you very much for taking your time to read the report. If you have questions, feel free to send them to me or comment below.


jansuing
CP of the Philippines


P.S.

Later, I will come up with the revised GOVERNMENT TREE LIKE THIS ONE to help everyone especially the new citizens get acquainted with their leaders.

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