Primitive budget of the 2023 fiscal year
Primitive budget of the 2023 fiscal year
Primitive budget
Although the year 2023 will require less investments than the year 2022, a year which was marked with many first-time investments related to the establishment of the Principality, it will still require some substantial spending.
The year 2023 will require the budget to plan for at least one trip for the Sovereign Princess, and should have the wiggle room for two trips. This is mainly the result of two MicroCon organized within the year, one in the United States and one in Belgium.
The creation of a fund for the acquisition of territory should also punctuate the 2023 fiscal year.
The 2023 budget can also count on the unspent budgeted expenses from 2022.
The 2023 budget foresees revenues of a global sum of 37 625 Si, augmented of 19 025 Si compared to 2022 and foresees expenses of a global sum of 37 625 Si, augmented of 19 025 Si compared to 2022.
Since the search for profits is not the goal of Sancratosia, the 2023 budget is expected to have a surplus of 0 Si.
| 2022 Primitive Budget | 2022 Revised Budget | 2023 Primitive Budget | PR 2023 / PR 2022 in % | |
|---|---|---|---|---|
| Revenues | 18 600 Si | 10 840 Si | 37 625 Si | 50.5 % |
| Expenses | 18 600 Si | 10 840 Si | 37 625 Si | 50.5 % |
| Section I - Expenses of sovereignty | 10 520 Si | 2 990 Si | 6 500 Si | -61.8 % |
| Section II - Assemblies and constitutional organs | 0 Si | 0 Si | 100 Si | 100 % |
| Section III - Means of services | 6 810 Si | 6 800 Si | 6 675 Si | -2 % |
| Section IV - Shared expenses | 1 090 Si | 1 050 Si | 3 300 Si | 66.9 % |
| Section V - Public services | 180 Si | 0 Si | 50 Si | -260 % |
| Section VI - Public interventions | 0 Si | 0 Si | 6 150 Si | 100 % |
| Section VII - Equipment and investments | 0 Si | 0 Si | 15 000 Si | 100 % |
| Surplus | 0 Si | 0 Si | 0 Si | 0 % |
A. Revenues
Revenues are expected to be higher in order to compensate for the augmentation in expenditures. This comes, like in 2022, mostly from a contribution by the Sovereign Family.
Section I. Products and revenues from the domain of the State
The Principality aims to sell some items it acquires with the aim that it contributes some revenues for the state.
The main monopoly of Sancratosia, Posta de Sancratosia, will continue to develop new products, especially with the upcoming first year anniversary.
Section II. Products and revenues from administrative services
The state will continue to perceive fees for the services it offers to citizens and will increase these revenues by resolving the issues in the deliverance of its identity documents.
Section III. Contributions
The budget foresees contributions from the Sovereign Family to remain the main source of revenues for the state reduced slightly by an increase in revenues from other sources. This contribution will be increased 46.7%, amounting to an augmentation of 15 875 Si.
Revenues from the V.A.T. are also expected to be higher than in 2022, coming essentially from a more active commercial activity in Sancratosia, especially with the registration of the first private business.
B. Expenses
The expenses are expected to be much higher due to the addition of three budgetary items, the completion of the services and the creation of an investment fund which will hopefully provide revenues in the future. The global economic situation, with the rising inflation, is taken into account and results in higher governmental expenditure.
Section I. Expenses of sovereignty
The expenses of sovereignty is the only budgetary item where expenses are foreseen to be lower than in 2022.
The only area within this section that remains the same is the one for the acquisition of physical orders and medals. It remains one of the main goals of Sancratosia for the upcoming year, thus a sizable budget is foreseen to allow this acquisition to happen in 2023.
Section II. Assemblies and Constitutional organs
Sancratosia is expected to continue its steady growth and expect to proceed with its first elections to the National Council. A small budget is reserved for that purpose as well as the functioning of the State Council.
Section III. Means of services
Expenses in means of services are expected to be lower than in 2022, with a foreseen decrease of 2%. This is explained by the maturity of Sancratosia’s government and the transfer of the interventions in a new budgetary item.
Section IV. Shared expenses
For the first time, the budget of Sancratosia will separate expenses that are shared by all branches of government into one budgetary item. This budget is also being adjusted to account for the inflation affecting the global economy and the price augmentation on a lot of basic furniture.
The budget also accounts for the removal of a paid online service not required anymore for the functioning of the state.
Section V. Public services
The budget of the 2023 fiscal year foresees some expenditures related to communications. Sancratosia has the goal to provide a communications service to its citizens and as such, a budget was foreseen for the maintenance of such service.
Section VI. Public interventions
Public interventions become separated from the means of services for the first time in Sancratosia.
The Municipal Council will be allocated a budget for its functioning, mainly for the acquisition of a Discord Nitro subscription which will unlock new functionalities within the virtual representation of Sancratosia.
The first permanent commissions will be established in 2023 and a budget is planed for their functioning.
The main change is the integration of public interventions within this new budgetary item. With another year full of micronational conferences, the budget for international interventions is the highest for 2023. For the first time in its history, MicroCon will happen twice in the year, in the United States and in Belgium. The budget foresees at least one delegation and has the room for two or even three delegations. Foreign aid now falls within this item and is augmented. Some expenditures were made in 2022 for the establishment of Prima Canal and Radio Sancratosia and this establishment will continue in 2023. The budget foresees the acquisition of specialized equipment for that purpose. Same goes for the promotion of Lingua Franca Nova as the official language of Sancratosia.
C. Investments
Investments and the purchase of equipment is a new budgetary item for 2023. It is created with the goal of providing, in the long-term, better revenues for Sancratosia.
Section VII. Equipment and Investments
In 2023, Sancratosia will start a fund with the aim to invest in territory. This fund is budgeted at 10 000 Si and constitutes the biggest budgetary item.
A small amount is also foreseen for the acquisition of machines which could help Sancratosia produce its own products and even sell some in the micronational community.
D. Surplus
The budget of the 2023 fiscal year does not foresee any positive or negative surplus. The budget is balanced. According to the Constitution of Sancratosia, the Sovereign Family must be paid first on the revenues of the state and Sancratosia does not foresee revenues which should exceed the contribution made by the Sovereign Family in the first place.
In the unlikely case that Sancratosia is on the way to a deficit, the Sovereign Family will compensate the deficit by giving a higher contribution to the budget.
E. Special accounts of the Treasury
Sancratosia will set up two special accounts of the Treasury, an account of monetary operations and an account of loans. Each accounts are set up to be initially at 100 Si, with revenues of 200 Si each.
F. Programs of public equipment
These programs which covers the next three years are divided in two categories, the urban equipment and the great works. Each budgeted at 300 Si over the next three years, they will provide some crucial investments to acquire machines and equipment to help the Principality.
G. Responsibility
The Ministry of Finances is responsible for the fiscal administration in Sancratosia.
More detailed tables are available in the downloadable PDF file.
