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army info
Topic Started: Apr 22 2010, 04:42 PM (14,683 Views)
James Wilson
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MUHAHAHAHAHAHAHA.......
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Thank you. We apologize again for failing to inform you.
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Thetyler95

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The Philippines hereby replaces its American based education system with a Japanese based one.
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Thetyler95

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Revenue: 49b

Education: 11b
Defence: 8b
Energy: 3b
Health and Human Services: 6b
Interior (transportation, agriculture, labor, etc.) : 7b
Commerce: 2b
Repaying US: 10b +1b interest

Expenses: 48b


Account Balance: 7b
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Vik
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Comrade Extraordinaire
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GEI will send over personnel to guide the factory creation and train workers.
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Jacapo Saladin
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OOC: Except you forget the part where your budget is 33% devoted towards interest on loans.... I doubt you have a surplus. Also, interest means you arent even paying back the loan.
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Jacapo Saladin
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USS Ranger is to be repaired and fitted with equipment before being placed into service.
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Thetyler95

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OOC: Alright, I'll restructure
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Thetyler95

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The USA has agreed to assume the Philippines debt.
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Thelistener
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OOC: can we get rak to confirm this, and then say who is taking up those debts?
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Midna
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The Faithless Fool
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What was the cause for this change?
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Jacapo Saladin
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OOC: If confirmed by rakthor, that means USA just inherited 289.409986 billion U.S. dollars of debt


Source : http://www.gmanews.tv/story/57817/RP-debt-...P3782T--in-June


Calculation : 3,782,000,000,000 trillion pesos to USD (type into google)
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Thetyler95

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OOC: It's 118 billion Jac, see wikipedia.
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Thetyler95

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The American based system was not doing as well as we thought it would. We will be giving the japanese system a trial in a few schools around the country.
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Rakthor
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Jacapo Saladin
May 10 2009, 06:47 PM
OOC: If confirmed by rakthor, that means USA just inherited 289.409986 billion U.S. dollars of debt


Source : http://www.gmanews.tv/story/57817/RP-debt-...P3782T--in-June


Calculation : 3,782,000,000,000 trillion pesos to USD (type into google)

ooc: you all are wrong. it is 3.798 trillion Philippine pesos. http://www.manilatimes.net/national/2008/j...080120top1.html

the Philippine peso is worth 47.92 for every 1 USD. http://coinmill.com/PHP_USD.html#USD=1

this means that Philippines only owes 79.257 billion USD.


IC: The US will assume this debt at an interest rate of only 1.25%. This means that the Philippines will accrue $1 billion USD of interest per year.
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Jacapo Saladin
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OOC: Who would have thought a phillipene peso is different than a mexican peso!
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