The Duke of Escalona presents his budget before the King.
Taxes:
Nobility - 22%
Middle Class - 57%
Peasants - 67%
Stockpile:
Land: 50%
Naval: 30%
Construction: 100%
Spending:
Education – 85%
Administration – 50%
Social Spending - 0%
Military Spending - 65%
Tariffs - 5%
Contingencies:
I Naval Spending
a. If all navies are at full repair and there is no looming conflict requiring naval support, reduce naval maintenance to 30%
II Armed Conflict
a. If the nation is engaged in armed conflict in which the navy is required to participate, raise naval funding to 100%, to be reverted to normal upon peace.
b. If the nation is engaged in armed conflict in which the army is required to participate, raise military funding to 100%, to be reverted to normal upon peace.
III Deficit
If Spain is consistently in deficit by over -£100/day:
a. Reduce Military Spending by 5% (not to fall below 50% spending in time of war, 40% in time of peace)
b. Reduce Education Spending until there is a deficit of no more than -£100/day (not to fall below 55%) failing that:
c. Reduce Education Spending by 5% (not to fall below 25% spending)
d. Reduce Administrative Spending by 5% (not to fall below 25% spending)
e. Loop back to (b)
f. If there is no major armed conflict, or any threat of rebellion, reduce Naval Stockpile until balance is achieved (not to fall below 20% spending, and overridden by (II))
g. If there is no major armed conflict, or any threat of rebellion, reduce Land Stockpile until balance is achieved (not to fall below 30% spending, and overridden by (II))
h. Should there be a consistent deficit of -£200 or more after these actions have been taken, the government should compose a new budget.
IV Surplus
Should the treasury be greater than £1000 and receiving a daily surplus of greater than £30, then Rich Taxes shall be reduced by 2% and £500 of debt shall be repaid until there is only a £500 surplus remaining. If there is still a daily surplus greater than or equal to £30 then Administrative Spending shall be increased until there is a deficit of £10 per day or less. If the surplus is still greater than £30 per day then education spending shall be increased until there is a deficit of £10 per day. If still above £30 per day then taxes on the middle and lower strata shall be decreased until there is a deficit of £10 per day.
Taxes:
Nobility - 22%
Middle Class - 57%
Peasants - 67%
Stockpile:
Land: 50%
Naval: 30%
Construction: 100%
Spending:
Education – 85%
Administration – 50%
Social Spending - 0%
Military Spending - 65%
Tariffs - 5%
Contingencies:
I Naval Spending
a. If all navies are at full repair and there is no looming conflict requiring naval support, reduce naval maintenance to 30%
II Armed Conflict
a. If the nation is engaged in armed conflict in which the navy is required to participate, raise naval funding to 100%, to be reverted to normal upon peace.
b. If the nation is engaged in armed conflict in which the army is required to participate, raise military funding to 100%, to be reverted to normal upon peace.
III Deficit
If Spain is consistently in deficit by over -£100/day:
a. Reduce Military Spending by 5% (not to fall below 50% spending in time of war, 40% in time of peace)
b. Reduce Education Spending until there is a deficit of no more than -£100/day (not to fall below 55%) failing that:
c. Reduce Education Spending by 5% (not to fall below 25% spending)
d. Reduce Administrative Spending by 5% (not to fall below 25% spending)
e. Loop back to (b)
f. If there is no major armed conflict, or any threat of rebellion, reduce Naval Stockpile until balance is achieved (not to fall below 20% spending, and overridden by (II))
g. If there is no major armed conflict, or any threat of rebellion, reduce Land Stockpile until balance is achieved (not to fall below 30% spending, and overridden by (II))
h. Should there be a consistent deficit of -£200 or more after these actions have been taken, the government should compose a new budget.
IV Surplus
Should the treasury be greater than £1000 and receiving a daily surplus of greater than £30, then Rich Taxes shall be reduced by 2% and £500 of debt shall be repaid until there is only a £500 surplus remaining. If there is still a daily surplus greater than or equal to £30 then Administrative Spending shall be increased until there is a deficit of £10 per day or less. If the surplus is still greater than £30 per day then education spending shall be increased until there is a deficit of £10 per day. If still above £30 per day then taxes on the middle and lower strata shall be decreased until there is a deficit of £10 per day.