The New Sarovian Budget is the financial backbone of the New Sarovian Empire, ensuring the stability, security, and prosperity of its people and of the country. The Budget does everything: it funds the salaries of civil servants who administer the government, supports the Imperial Sarovian Armed Forces (ISAF) in maintaining national defense as well as paying soldiers and sailors, and provides for the continued growth of infrastructure, trade, and industry across the Empire, in line with the Leda Declaration.
Proposed at least every three months by the Minister of Finance with aid from the President of the Treasury Board, the Budget is carefully structured. It outlines taxation, government income, future expenditures, government stimuluses and economic planning to balance the needs of the Empire with the prosperity of its citizens. It dictates military expenditures, public services, and investments in key sectors, all while ensuring Sarovia’s continued strength on the global stage.
The Consolidated Revenue Fund, ran by the government, oversees tax collection and revenue distribution to maintain efficiency and fiscal responsibility. Strengthened by a Sovereign Wealth Fund created by Primo Ministoro D. Albaros Vasa, the Fund is only accessible by Cabinet Ministers requesting funds through a process known as appropriation, which the President of the Treasury Board signs off on.
Current Budget Projections
Government Income
The Government expects to receive 2,830,835Sr over the next three Stefanic years, with a majority (1.476M) of the income stemming from territorial production of goods and resources from the Leda Declaration, followed by income tax (~1M).
Government Expenditures
The Government expects to have 2,807,500Sr in expenses over the next three Stefanic years, with salaries for Civil Servants and the Imperial Army and Navy taking up the vast majority of the expenses (1.7M), followed by events and training payments (707k).
