
People of Ostentia, as the newly appointed Chancellor of the Exchequer I hereby announce the next budget. It is this government's intention to balance the budget, which will require an increase in the basic rate of taxation. I understand that this may be unpopular, but it is the only responsible course of action. Critics of this budget may argue that the nations reserves should be raided in order to fuel government spending and keep taxation down. However, such a course of action would be disasterous: the restoration of economic performance to pre-slump levels can only realistically be seen as a long term goal. With this being the case, it would be completely wrong to attempt to fund permanent spending commitments with an unsustainable rate of temporary funding. Taxes must rise, and government spending must be held back, possibly even reduced. Furthermore, it should also be noted that one of the commonly suggested causes of our current economic difficulties is that financial institutions were irresponsible with their finances, taking foolish risks and spending more than they earned. In such a climate of irresponsible financing, it is vital that the government is seen to lead by example and that confidence in our nation's finances remains solid. That is why this course of action must be taken. The road ahead of us is a hard one - but for the sake of future generations, we must take it. The future cannot be mortgaged for the sake of the present. I humbly ask parliament to accept this budget.