…continued from parts eight and nine.
SECTION X: MATTERS FISCAL
Article I: On Currency
The Empire shall establish a single unit of exchange to use in commerce between the nations of the Empire and with those beyond its borders, and this shall become the base for the coin, currency and values minted by the nations of the Empire, which shall have with it an absolute relation. The Empire shall have the responsibility and the power to protect and control the value of this currency.
A nation of the Empire shall not coin money outside the bounds of this unified system of exchange, nor shall make anything except for currencies of this system legal tender for the payment of debts.
Article II: On the Imperial Revenue
The government of the Empire, and the governments of its constituent nations, to such extent as voluntary contributions and infrastructure usage fees do not suffice, shall be funded by an annual fee in direct proportion to incomes earned, or from whatever other source derived, by citizen-shareholders of the Empire and coadunations chartered therein, levied by an instrumentality of the Imperial Service created for that purpose, and by its citizen-shareholders paid, save that coadunation income passed through to their members shall not be again counted.
Under no circumstances shall this fee exceed a fifth part of the gross income of each citizen-shareholder or coadunation upon whom it is levied.
Article III: On Imperial Disbursements
No money shall be drawn from the Treasury of the Empire, but in consequence of appropriations enacted by the Senate; and the accounts of the Treasury, with a full accounting of receipts and expenditures, shall be available for the public use.
After the first fiscal year of the Empire, the total outlays of the Imperial government for any fiscal year shall not exceed total receipts for the previous fiscal year, unless:
- such outlays shall exceed receipts by an amount which is covered in its entirety by funds reserved within the treasury, and such outlays are authorized by the hand of the Imperial Couple;
- or such outlays shall exceed receipts by an amount which would require the sale of Imperial bonds, or other borrowing on the credit of the Empire, and such outlays are authorized by a substantive vote of the Imperial Senate, and by no other means.
Prior to each fiscal year, the Imperial Couple shall propose to the Senate a proposed budget for the Imperial government for that fiscal year, in which total outlays do not exceed total receipts, save as authorized by the above rule.
Article IV: On Disbursements to Constituent Nations
In the first fiscal year of the Empire, the government of the Empire shall retain one-third of the revenues collected for its own use, and the remaining two-thirds of the revenues collected shall be available to the constituent nations of the Empire to draw upon; and each constituent nation of the Empire shall be permitted to draw upon a portion of this two-thirds in due proportion to its population.
In subsequent fiscal years, the budget proposed to the Senate shall set the portion of the revenues collected which the Exchequer shall reserve; and this budget shall also set the formula determining the availability of funds to each demesne of the Empire as it shall see fit, providing only that the formula shall be applied equally to all.
Notwithstanding the above, the Imperial Couple or the Senate may, by special decree, make extraordinary funds available to any demesne of the Empire for such purposes as it shall designate.
Article V: On the Reserve Fund
The Exchequer shall maintain a Reserve Fund against variability in Imperial revenues, by appropriating revenue in excess of disbursements; and increases in budgeted disbursements, both to the Imperial government and to the nations of the Empire, shall only be permitted inasmuch as they are covered threefold by the money available in the Reserve Fund; and the Empire may enter into no contract permitting future increases of disbursements that does not acknowledge this constraint.
Article VI: On Imperial Debt
The base limit on the aggregate debt of the Empire held by the public is hereby set at one million Cestian brights, or their equivalent in the Imperial currency, once established, or a fifth part of the national income, whichever is greater;
And this limit shall not be increased, unless the Senate shall provide by law for such an increase by a substantive vote, and by no other means;
And having been increased, in each following fiscal year the limit on the debt of the Empire shall decrease by such amount of the debt as is repaid, until the current limit shall return to the base limit. The repayment of such extraordinary debt, over a set term not to exceed one hundred and forty four years, shall have priority over all other appropriations and disbursements of the Imperial government.
Article VII: Borrowing by Constituent Nations
Constituent nations of the Empire shall not borrow funds from any source except the Exchequer; and such borrowing from the Exchequer shall require the permission of the Senate.
SECTION XI: MATTERS MILITARY
Article I: Imperial Military Service
For the purpose of defending the territories and the citizens of the Empire, its governance shall maintain a standing military force sufficient to defend each and every territory occupied by citizen-shareholders of the Empire, and, where necessary, to intervene abroad for their defense.
Article II: Organization and Command
The military forces of the Empire shall be organized as part of the Imperial Service, and the Imperial Couple shall command all military forces of the Empire, although this command shall be delegated to the runér in the case of units in garrison; but the first loyalty of all military units shall always be to the Empire.
Article III: Citizen Militia
Additionally, as the common defense is a duty of every citizen-shareholder, the governance of the Empire shall provide militia training to any citizen volunteers who request it, and maintain a stockpile of military weaponry for their use in the event of invasion, insurrection, or subversion.
SECTION XII: TRANSPARENCY
Article I: Transparency
In order to promote good governance, and to ensure the fulfillment of the responsibilities to the citizen-shareholders of the Empire implicit in the coronargyr that is the basis of the right and authority to govern, the governments of the Empire and its constituent nations shall conduct their work as openly as possible (In the modern era, this has been interpreted to permit the distributed auditing of the governments of the Empire and its constituent nations by all Imperial citizen-shareholders. — ed.).
Article II: Citizen Access
To fulfill this promise of transparency, any citizen-shareholder of the Empire, and any legal coadunation within the Empire, shall have the right of access to the documentation and archives of the government of the Empire; except for those which, for the public safety, must remain held in confidence, or which relate to public order operations currently in progress.
…continued in part thirteen and final.