BUDGET 2010

[Michael Dervin OCS]

The Ministry of Finance & the Interior

To All Whom it May Concern,

The Budget 2010 will be published on Tuesday the 29th of December 2009 and the Assembly will be recalled for one day only, the 29th, to vote upon the budget which, if passed in part or in full, will take full effect from Friday January 1st 2010 .

This Budget will be the first of its kind in the Ocian Federation and will lay down the foundations to building a "realistic" fiscal policy and system in the Ocian Federation. The Budget, will highlight, mainly the income side of next year and will allocate funding towards the individual Ministries, who will at the end of next year (before the next budget), publish how they spent their allocation. The Budget will create a system by where there will be source of income, rather than a "out of the air" system and will not box each Ministry into spending a certain amount of money on a certain which, given the changes of government, ministers and the Ocian Society, they simply now have a Maximum level they can spend unless allocated more funding.

I hope this budget will create what it I envision it to achieve and I look forward to presenting the Budget to you.

Regards,

Michael Dervin OCS MA,
Prime Minister of the Ocian Federation

[Michael Dervin OCS]

The Text to the 2010 Budget may be found on the below attachment, the full implementation of this Budget began from January 1st 2010 and will continue until the 31st of December 2010, or until further notice. The Ministry will be posting notices about and relating to this budget in the coming days and months. If you have any questions, please post your question in this board and the Minister will try to answer your question asap.

Attachments:

[Matt Kovac]

I do hereby approve the budget for the 2010 fiscal year.


Dr. Matt Kovac
President of the Ocian Federation