A. Revenues

Revenues are expected to be lower in order to meet with the decrease in expenditures. This comes, like in 2023, 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. Sancratosia is also expected to put new products through its online store, Boteca de Sancratosia.

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 and the general decrease from expenses. This contribution will be reduced 2.02 %, amounting to a decrease of 600 Si.

Revenues from the V.A.T. are also expected to be lower than in 2023, coming essentially from a slower active commercial activity in Sancratosia than expected.

B. Expenses

The expenses are expected to be much lower due to the expected reviewed on the lower end. 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 lower 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 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 and the Crown Council as well as other constitutional bodies.

Section III. Means of Services

Expenses in means of services are expected to be higher than in 2023, with a foreseen increase of 37.5 %.

Section IV. Shared expenses

This budget is being adjusted to account for the inflation affecting the global economy and the reduction in spending in general to prevent paying too much for certain items.

Section V. Public services

The budget of the 2024 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. It remains its goal to proceed with the acquisition of a Discord Nitro subscription which will unlock new functionalities within the virtual representation of Sancratosia.

With another year full of micronational conferences, the budget for international interventions is the highest for 2024. The budget foresees at least one delegation to be sent to a foreign event and has the room for two or even three delegations. Some expenditures were made in 2022 and 2023 for the establishment of Prima Canal and this establishment will continue in 2024. The budget foresees the acquisition of specialized equipment for that purpose.

C. Investments

Investments and the purchase of equipment is maintained with the goal of providing, in the long-term, better revenues for Sancratosia.

Section VII. Equipment and Investments

In 2024, Sancratosia will continue its 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 2024 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 has not made any modification to the budget pertaining to its two special accounts of the Treasury. Each accounts are set up to be at 100 Si, with revenues of 200 Si each.

E. Responsibility

The Ministry of Finances is responsible for the fiscal administration in Sancratosia.