Noob Income Agency

The Noob Income Agency is the goverment agency in charge of managing the finances of the kingdom. It is regulated by the Noob Income Agency Law.

General Data
It is responsible of administrating the finances of the kingdom, by instructions of the goverment and is under direct control of the Legislative Power. Where the national budget can be modified and debt can be issued.

If debt is issued in form of debt bonds these should be issued by the Central Noob Bank to be sent to the KTM Stock Market, the agency should send a certificate of debt bond issue to the central bank where legally is obligated to process it and issue it according to the certificate. The central bank isn't obligated internally in the kingdom to pay the debt, the agency issuing the certificate is obligated to pay the central bank the debt bonds for them pay them to the investors on it. The central bank is the only authorized to issue debt bonds to the stock market, so this is not a lend names, the agency still has the obligation to pay the debt to the central bank and then pass it inmediatly to the holders of the bonds.

Debt can also be issued in form of foreign goverments credit line, where the agency directly issues and receives the debt and the money of it, and its obligation.

Its basic functions include:


 * Direction of national funds
 * Collection of taxes, tariffs, duties, sums of money paid to and owed to the country, in compliance with the projects of national law.
 * National statistics of budget, spendings, sectors, national debt (external and internal)
 * Enforce federal finance and tax laws.