Department of TREASURY
Minister of the Treasury
HIM William Lehman Emperor and Autocrat of Lehmark
Department of Treasury
Description of Department
The primary duty of the Department of Treasury is the management of the Annual Budget, which is ensuring the allocation of resources, collection of fees/taxes/contribution and the payment of government wages. The Department of Treasury has the added task of being a central policy agency and is expected to analyse the economy of the Empire, and to detect fluctuations and adjust policies as necessary.
The Department utilises its jurisdiction over the economy to actively assist LFRB's and LCRB's in establishing their business in the Empire, and to provide direct investment into existing businesses.
The Department manages and maintains the Imperial Bank of Lehmark as an Agency of the Department. The purpose of the Bank is to facilitate trade and payment using the Imperial Florin.
Contact the Department of Treasury via email: LehmarkDOT@gmail.com
Current Fiscal/Economic Policy
As at 21 August 2021
Financial Year 2020/2021 saw a GDP increase from $7,911.87 to $10,336.45. GDP capita saw a decrease from $282.56 to a low of $129, a decline of some 50%. Lehmark's National Population increased from 33 to 80 Citizens during 17 August 2020 - 21 August 2021.
GDP goals were achieved during Financial Year 2020/2021, the collapse of GDP per capita was an unplanned for situation, policies for Financial Year 2021/2022 are being targeted towards repairing the decline of GDP per capita, and ensuring the Empire can continue to fund its expansion and development. Financial support from the Citizens is a necessary must.
In Financial Year 2021/2022:
Silver reserves must be expanded by 200oz or $5,000AUD (whichever is fulfilled first).
The Voluntary Taxation Program needs 5 new subscribers to support the Empire's continued expansion.
National Merchandise Items should see sales of $50AUD.
Continue unemployment reduction. Strict goals cannot be applied. Previous Financial Year showed reduction in unemployment, and large expansions in Citizen numbers and positions available.
Silver expansion must be achieved, additional Imperial Florins are required for circulation and per capita recovery.
Release another 150,000 digital Imperial Florins.
Release another 15,000 printed Imperial Florins.
Produce a limited (25) Commemorative Imperial Florin Coin.
Voluntary Taxation Program
The Voluntary Taxation Program 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.
Citizens can freely Subscribe and Unsubscribe from the VTP.
This is an Annual Charge - There is no bonus associated with this form of contribution to the VTP.
VTP Project Status
Production of Passports - Achieved in June 2020.
Production of Stamps - Achieved in April 2020.
Production of Postcards - Achieved in May 2020.
Production of Lapel Pins - Achieved November 2020.
The foundation of the Lehmarkian Space Agency in our UK, State of Salop: Purchasing of licencing (complete), and a rocket - Funding
Purchase of Silver Bullion (Necessary for currency expansion)
Expanding the Greenery Initiative
The creation of a Lehmarkian Monument
University capacity expansion
New Imperial Florin Coin - Commemorative
New Medals for the Order of Merit
New Sash for the Emperor
Terms and Conditions
15% Discount Voucher: The code will be sent to the email provided in the PayPal or Patreon transaction. This code is created uniquely for you and will give you a permanent 15% on our national merchandise. Voucher only active while Subscription is active. Voucher only valid at 'The Lehmark Store'.
Title of Nobility: This will be an honorary title and will be of Baron or Baroness class and the Certificate of Nobility will be provided to the email on the PayPal or Patreon subscription.
The Imperial Government Levy was introduced by Imperial Decree LXXX - On Imperial Government Levy. This Levy is charged to all Members of the Imperial Government at the rate of $1.00AUD per month. The purpose of the Levy is not revenue raising, but acts a display of commitment and loyalty from the Member of the Imperial Government. The Levy is fully enforceable on:
Ministers of the Imperial Government
Agency Leaders of the Imperial Government
Chief Justice of the Supreme Court
President of the Imperial Senate
Those who are required to pay the Levy are exempted if they are actively contributing to the VTP.
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 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.
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.
Imperial Decree XLII established the idea of National Wages, both National Minimums and National Caps.
The idea of a National Minimum is to ensure that every Citizens has a guaranteed income to ensure they are able to support themselves within the jurisdiction of the Empire. Ensuring that there is equality between workers.
Constitutionally it is a established Human Right that Citizens are able to afford basic necessities, such as food, water, internet, housing and the like. Therefore it was imperative that a worth National Minimum was established so as to honour this Right. In order to keep up with inflation and presumed increases in costs and services, the Imperial Decree establishes that the National Minimum will increase annually by 2% starting on 1 July 2021.
The idea of a National Cap is to ensure that no one is paid too highly and to ensure a reasonable limit on income so as to prevent income disparity and unequal conditions.
Lehmark strives to prevent the rampant corruption and money hoarding which has taken place in modern countries, from a truly unequal and disproportionate capitalistic system which has only been to the benefit of the owners of large corporations.
As with the National Minimum the National Cap is set to rise 2% per annum starting on 1 July 2021 so as to ensure the cap can keep up with increasing costs and inflation.
National Wages As Outlined In Imperial Decree XLII (Updated in Imperial Decree LI)
The Empire establishes a National Minimum Wage (“NMW”), of 10,000f per annum and a National Wage Cap (“NWC”) of 17,000f per annum.
It is therefore now established that every Citizen regardless of industry, sector or gender to be paid a minimum of at least 10,000f per annum, with the expectation that this value will increase based on that persons relevant qualifications, education and merit but not exceed the established cap amount of 17,000f per annum.
The Empire also hereby established that the NMW and NWC will increase by 2% per annum starting on 1 July annually with the first increase taking place on 1 July 2021:
The annual increase will be revised every 5 years in order to ensure it is able to keep up with inflation and increasing costs.
The Imperial Government has the power to increase/decrease the NMW and NWC by any amount, (this also includes the annual increase), during the year and the mandated annual increase will still occur on 1 July as per this decree.
National Wage as at 1 July 2021: Minimum - 10,200f, Maximum - 17,340f.
Private/public/government businesses/organisations in the Empire who conduct business with the Australian Dollar and/or the Imperial Florin are still expected to pay a wage relevant to the value of the Imperial Florin in accordance and outlined with the values in this decree.
The Department of Treasury (“DOT”) will be expected to pay government employees in accordance with this decree. The DOT does not have the right or privilege to pay employees below the established minimum.
The DOT will issue letters annually 7 days before 1 July informing Government workers of the annual wage increase and the amount their pay will increase to.
Private/public/government businesses/organisations will issue letters annually before 1 July informing workers of the annual wage increase and the amount their pay will increase to.
Empire Holdings and Investments (now Lehmark Investment Corporation) and Lehmark Law and Associates are both exempted from this law until such a time they have an annual turn over of at least $50AUD or 15,000f, which ever comes first:
This exemption will expire on 1 July 2021.
Once a Citizen reaches the age of 70 it is generally expected that they will retire. Retirement is optional and is not forced.
The National Pension is established at the National Minimum Wage so as to ensure the same provisions for a retired worker as they had during employment. The National Pension is set to increase annually at 2% starting 1 July 2021.
National Pension As Outlined In Imperial Decree XLII (Updated in Imperial Decree LI)
The Empire establishes the age of retirement to be 70 years of age:
Retirement is not compulsory and Citizens may choose to continue to work for as long as they please:
If a Citizen is ready to retire they must submit a letter confirming intent to retire to both the Department of Treasury and Internal Affairs, the letter must be cited by a lawyer. If a Citizen is not ready to retire a letter stating the same still needs to be submitted.
The Empire established a National Pension which will be paid to those who are 70 years or above and have retired. If a Citizen has retired and is on the pension, chooses to go back to work, they will lose the pension until such a time they have retired again:
The National Pension will be 10,000f per annum and will increase by 2% per annum starting on 1 July annually with the first increase taking place on 1 July 2021.
The Imperial Government has the power to increase/decrease the National Pension by any amount, (this also includes the annual increase), during the year and the mandated annual increase will still occur on 1 July as per this decree.
National Pension as at 1 July 2021: 10,200f
Minister of the Economy and Employment
Sir Aru Bhardwaj, Count of the Empire of Lehmark
Agency of the Economy and Employment
The Agency of Economy and Employment was founded under Imperial Decree LIV and is primarily charged with economic development through numerous policies.
The Agency of Economy and Employment will be responsible for:
Business Centre and Commercial Development Policy.
Development of International Trade.
Employment and Job Creation policy.
Agricultural development policy.
Employee and Employer rights and responsibilities and will:
The Agency of Economy and Employment has the power to press charges against any registered company in Lehmark, and to bring said charges before the Supreme Court of Lehmark for trial and judgment.
The Agency of the Economy and Employment will Investigate cases of:
Tax evasion – The Minister of the Economy has the power to conduct a full audit.
Unethical commercial activities
Unfair wage payments
Breaches of International Trade Treaties
Contact the Agency of Economy and Employment via email: LehmarkAEAE@gmail.com
Connect with the Agency on Twitter: https://twitter.com/LehmarkAEAE
Memorandum on National Development
Individualised Development Plans for Departments and Agencies, were introduced by Memorandum on 11 November 2020.
In Lehmark, Ministers and Agency Leaders have a duty to undertake necessary works that contribute towards the progression and development of Lehmark as a micronation. The Memorandum on National Development, provides goal based directives for Ministers and Agency Leaders to achieve so they can satisfy that civic duty.
Each Minister and Agency Leader is only expected to meet their individualised Development Plan.