The post you are reporting:
Well, you're right there, Barry, about the e.u., and also your description of the finances cerresponds. But, still, if you think about it, there is a prtinciple in what I wrote, in the fact that ultimately, what defines the running of the economy, and also the national budget, is the bank-notes and coins coming and going. The more money leaves a national economy and the less comes in, does drastically affect the economic outcome of the budget! It is a fact that the same banknotes come and go in the State Treasury (in the virtual sense) many times in the course of a financial year (that covered by the budget). Note, in my terminology, State Treasury doesn't mean physically a coffer with a padlock, but the accounts which the State uses to cash in payments in form of tax. Therefore, a sum of money in cash accounts for a much larger sum in the annual State budget than that sum in cash actally represents. (Ten pounds in cash will account for fifty or a hundred pounds in the annual State budget, the precise figure no-one can actually define).
Likewise, if a million pounds more money came into our national economy through increased exports in a certain period (say, a day), this will have a benevolent effect on the budget, as a part of that money will go in as tax, and the State will have more money to pay civil servants and to finance projects, and that million pounds in general will flow through the economy on a daily basis, involved in many transactions, from shopping in Icelands to paying the light-bill, and will come and go many times in the "State Treasury" too, and will pass through many peoples pockets, however in the home economy. (Our economy)