Department of Treasury
Minister of the Treasury and Economy
HIM William Lehman Emperor and Autocrat of Lehmark
The Department of Treasury has a wide jurisdiction over financial and economic management with its Development Plan focused on expanding the digital economy and revenue generation for the Empire.
The Department of Treasury is a central policy agency and is expected to analyse the economy of the Empire and to detect fluctuations and adjust policies as necessary, while ensuring relative and stable growth aimed at increasing employment opportunities.
The Department manages and maintains the Imperial Bank of Lehmark as an Agency of the Department. The purpose of the Bank is to facilitate services being able to trade and facilitate payment using Lehmark Digital Token.
Contact the Department of Treasury via email: DOT@lehmark.com
Current Fiscal/Economic Policy
As at 1 August 2022
Financial Year 2020/2021 saw a GDP increase from $7,911.87 to $10,336.45, Financial Year 2021/2023 saw this decline to $9,887.43AUD - this is primarily related to lower silver prices - as the Empire's GDP primarily consists of silver bullion inventory. Current GDP per Capita sits at $143AUD and increased from $129AUD in the previous Financial Year - this was due to a Citizenship Audit in October 2021. GDP decline wasn't unexpected, and for a micronation such as Lehmark this will not be detrimental, however, the Imperial Government will establish policies aimed at expanding GDP - most likely via government investment and expanding the digital economy.
In Financial Year 2022/2023
Silver reserves will be expanded by 100oz - this will store value and recover the lost GDP.
Gain 5 new supporters for the Imperial Advancement Fund. This will occur through increased adverts.
National Merchandise Items should see sales of $75AUD.
The digital economy and digital products will be expanded, with the Imperial Government actively working with business' to expand the number of products offered, and better integrating LDT.
The Imperial Government will focus heavily on carrying out the Imperial Budget, sticking to budgeted limits and improving current financial policies and procedures - this will actively reduce unnecessary expenses.
Wages and National Pension information outlined in Imperial Decree LXX - On Employee and Employer Rights.
Imperial Advancement Fund
IAF Explained and To Register
The Imperial Advancement Fund was implemented by Imperial Decree XXII and was implemented to provide Lehmark a stable and regular source of income, that could be directly used to benefit and advance the development of the whole Empire.
Materials for Celebrating the National Calendar
Funding Nitro for our Discord Server
New Medals for the Order of Merit
New Commemorative Coin
Creation of a Lehmarkian Monument
Commissioning of a 'Pop Song'
Reporting of Incomes and Charging Times:
Businesses’ will be required to report on incomes earned for the previous 12 months by 1 July per annum or potentially become subject to penalties. The Business Contribution Fee and Business Registration Fee is determined on these reported incomes. Invoices for both Fees will be issued by 1 August annually. Businesses have 30 days from issuing to pay the Invoice or risk revocation of the Business Registration, and/or other additional penalties. Thus Businesses have until 31 August annually to register their business for the following 12 months, by ensuring payment of the issued Invoice.
For Business Information and Registration see - Business Centre
In accordance with the Constitution of the Empire of Lehmark, every year the Department of Treasury will release an Annual Budget and Report for the previous Financial Year and the following Financial Year.
The Financial Year in the Empire of Lehmark runs from July to June annually.
The Imperial Government is required to release budgets and reports for the Imperial Florin and the Australian Dollar - both which are official currencies.