El Fisc Rexhital
The Royal Treasury
Contact the Burgermeister: Treasury@talossa.com
The head of the Royal Treasury is the Burgermeister of the Inland Revenue.
The position was first created in 1989 to oversee the Account of Inland Revenue, however, due to the account being underutilised or empty for long periods of time, the office frequently lay dormant. It was therefore abolished in 1995 before being re-established in 2005.
The primary responsibility of the Royal Treasury is to keep safe custody of the Kingdom’s currency reserves. It is empowered by to collect and hold all funds due to the Crown. Most regular income comes from the fees for political party registrations and from seat acceptance fees for Senators-Elect. However, other sources of income also come from the sale of coins and stamps, and from “voluntary taxation” (donations).
The Treasury is also charged with disbursing funds as authorized by an act of the Ziu and as requested by His Majesty’s Government (The Budget). This is in accordance with the economic policies put in to place by the Ministry of Finance. The Finance Minister’s actions as Chairman of the Royal Bank and Post are subject to Royal Audit by the Treasury.