After listening to Qian Bin's report, Qin Yu simply summoned Xiao Xinru and a group of female officials from the Ministry of Internal Affairs to prepare for a joint meeting to find out so that he could plan and provide guidance for next year's business development.

After all, relying on them to develop the economy alone will inevitably lead to major problems, because the current economic development speed is no longer something their thinking can control.

No, I don’t know if I ask, I’m shocked when I ask.

Although the Ministry of Internal Affairs has a lot of expenses, the expenditure this year is also as high as 100 million taels, but the money earned is twice the tax revenue of the State Council, as high as 200 million taels.

Among them, salt and grain naturally occupy the big part. Another one is the luxury goods such as cotton fabrics, perfumes, soaps, and glass mirrors produced in Nanyang Industrial Zone.

"Your Majesty, isn't it good to have a surplus of nearly ten million taels of silver in the Office of the Internal Affairs?"

Seeing that Qin Yu's face was a little wrong, Zhang Yan asked in confusion, and the others looked at him in confusion.

"Of course not good. If this continues, there will be big problems. I am afraid that the world's wealth will be concentrated in the hands of the royal family in a few years, which will definitely affect economic development. Therefore, whether it is the Ministry of Internal Affairs or the State Council, the annual income and expenditure must be balanced. Forget it, the State Council's annual expenditure will even exceed income. Only in this way can a virtuous cycle be formed!"

Qin Yu said with a serious look on his face, and he couldn't help but worry, because this was really terrifying. I'm afraid that the whole world earned more money in a year than the royal family.

Everyone has heard Qin Yu say about the theory of fiscal deficit operation, but it is one thing, and it is difficult to truly do it.

Qian Bin is better. Anyway, the State Council is not his. Qin Yu will lose money every year, but Xiao Xinru, Zhang Yan and others feel heartbroken when they think about spending all the money they earn every year, and they are unwilling to do so.

"Your Majesty, this year, you have been very generous. You are fighting, rewards, building ships, and building roads. You only cost 100 million taels of silver. How can you spend the remaining 100 million? In the next years, you can't give it for nothing, right?"

At this moment, Zhang Yan was like a wealthy slave, and she said with tears in her eyes. With the thoughts in her mind, she really didn't know how to send out 200 million taels of silver every year. The key is that the situation is very good, and the money she earns will definitely only be more than one year.

"Just, how can I not know how to pay for the money? As the saying goes, take it from the people and use it for the people. Next, we need to provide education. We must vigorously renovate official roads and build wooden tracks across the country. What we need is silver. At that time, the money will only be enough, and we will not be able to spend it all!"

Qin Yu said angrily. Seeing that they were all looking at him foolishly, he knew not to make specific specifications for them, probably he would not know how to spend it.

So he pondered for a moment and continued: "The silver hoarded by the central bank should be cast into ingots as soon as possible. When printing 400 million denominations, all of them will be spent for me next year. People will be hired to build official roads, wooden tracks, and new capital construction in Wuhan. As for taxes next year, in addition to the salaries of officials, they will be used as military expenses. The Ministry of Internal Affairs is responsible for the expenses of education. All the excess money will be used to expand the scale of various factories and mines, and recruit more people to work. In the future, royal trading banks, banks, factories, and mines will also pay taxes!"

Qin Yu thought for a while and said, "If it is decided today, the grain is not as good as salt. In the future, other merchants will be allowed to operate grain and iron tools!"

With the huge royal trading company, the price is affordable, he is not afraid of those merchants being hoarded and raised the price of grain, because they simply cannot beat Royal Capital.

Originally, Qin Yu planned to subordinate education under the jurisdiction of the Government Council. The Royal Family will only be responsible for exams and teacher training in the future, but depending on the current situation, we still have to wait a little longer, otherwise the royal family's money will be spent. After all, it will definitely be regularized in the future. The royal family and the country will still be separated, and the responsibilities of both parties must be clear.

In his plan, the Royal Family will be mainly responsible for guiding business development in the future. As for government and military affairs, it will mainly be supervision and will not intervene directly.

The Royal and the Government Affairs Council jointly handle the research and development of heavy industry, military industry, and new technologies.

For example, shipyards, iron smelting plants, royalty, government affairs office, and the same is true for arsenal. The quality of that company is good and cheap, and the Military and Political Court will purchase which company, and the same is true for the research institute. Tiangong Academy belongs to the Royal Academy, and the Government Affairs Council will establish another Chinese Academy of Engineering.

No one expected that this temporary joint meeting would take place for three days, and more and more people would participate. In the end, he had to move from the imperial study room to the Fengtian Hall.

Qin Yu basically arranged everything he would do next year. The Office of the Internal Affairs and the Government will spend 800 million taels of silver in total, and two of the wooden tracks will cost nearly 100 million taels of silver.

One of these two wooden tracks is from Beijing to Wuhan, the other is from Lanzhou to Kaifeng. All of them hire local people to build roadbeds, which is equivalent to labor-for-relief. After all, the people in the north and northwest are now unable to leave the blame and are just waiting for relief.

Will so much money be spent in one go, will it cause inflation?

This is for sure, but as long as it is controlled within a reasonable range, there will be no big problems.

After all, most of this money will be spent on ordinary people and craftsmen. Eighty million sounded really terrifying in ancient times, but if it was distributed to thousands of households, it would be nothing.

What will the people do when they have money?

It’s nothing more than buying salt, grain, cloth, and iron. As long as these four commodities continue to be consumed, the purchasing power of Baochao will not depreciate.

The output of these four commodities is now two or three times higher than that of the Ming Dynasty. In addition to well salt and Huai salt, several beach salt drying sites built last year have also been completed, which can fully meet the capacity of 200 million people to eat.

The number of Xichuan iron plants has also increased several times. In addition to the small iron plants in various places, the consumption of building weapons and firearms is reduced in order to free up more cooked iron and create agricultural tools and utensils for the people. I believe that the price of iron should not be ridiculously expensive.

Only grain and cloth may experience significant price increases. Although the cotton in Kaifeng Prefecture has been harvested for two seasons and the Jiangnan region is also destroying fields and planting mulberry trees on a large scale, the demand for these two things is too great.

The former is due to constant natural disasters, and production has not resumed in the north and northwest. In addition, the consumption of long-distance transportation will definitely not be able to fully meet the needs of the north and northwest. At that time, I am afraid that only limited purchases can be purchased to ensure that people do not starve to death.

The production process of cloth is complicated. Whether it is cotton or satin, it takes dozens or hundreds of processes from the start of raising silkworms to the end of weaving it into cloth, so it may not be able to meet everyone's clothing needs in the short term.

As for the family's quilts, there is no need to think about it.

In fact, Qin Yu didn't know much about finance, but he knew that as long as the treasure money in the hands of the people could buy what they wanted to buy, and if they couldn't buy it, they could go to the bank to exchange it for ingots, then the treasure money would not depreciate.

He had already thought about it. If the supply of salt, grain and iron were in short supply in the end, he would send troops to conquer Japan. If there was not enough goods, he would use women to collect it.

It can be sold to those bachelors at one time to be their wives, or it can be managed by the romantic place and recycled treasure money for a long time!
Chapter completed!