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Chapter 1001 The Financial Court

Among the three cabinet masters, the chief assistant of the cabinet, Jiang Shang, is responsible for taking overall charge of the overall situation, equivalent to the Prime Minister's Minister of Government; the second assistant Kou Zhun is mainly in charge of the court, while the second assistant Yan Song is mainly in charge of the court.

Only by cooperating with each other can the huge state machine of Daxia be smooth. Ouyang Shuo, the lord, lord, ranks above the cabinet and controls the entire court remotely.

…………

On the afternoon of the 22nd, Qinzheng Hall.

Jiang Shang, Kou Zhun, Yan Song, three ministers, Xiao He, Wei Yang, Fan Li and Du Ruhui, gathered together to finalize the annual fiscal budget for the five-year Gaia dynasty of the Great Xia Dynasty.

Also attending the court were Director Chen Bingguang and Director Meng Zhida, the owner of Sihai Qianzhuang.

Since the founding of the Kingdom, the fiscal revenue and expenditure management of the Daxia Dynasty has become more and more formal. Throughout the year, how much funds the court's finances have been saved, what major expenses will be next year, and how much fiscal revenue it is expected to have must be finalized one by one before the New Year, and the finances cannot be controlled as freely as before.

By the end of the year, the fiscal budget formulated at the beginning of the year must be calculated to clarify responsibilities.

Whoever overspends will be beaten.

"Let's start!"

Ouyang Shuo sat upright on the throne and said lightly.

Since ascending the throne, Ouyang Shuo has rarely taken over the territory planning as he did when he was a lord, and carefully planned everything and let the ministers implement it.

Now, Ouyang Shuo only looks at the overall situation and has said less and less.

One thing is that there is no need for him to say many things, and his ministers understand their intentions and handle them according to the rules. Two thing is that Ouyang Shuo is now an emperor, with golden words and jade words. A casual word may affect the fate of thousands of people, so he is naturally cautious.

Seeing this, Jiang Shang went out and said, "Mr. Fan, the Finance Yuan will report the expenses of last year to the king first, and then discuss the expenses of next year."

"promise!"

Fan Li followed and reported: "King Lai Shang Hong Fu, the court's fiscal revenue reached 65 million gold coins last year, mainly tax and group income, of which 51 million gold coins were taxed and group income was 8.5 million gold coins."

The group's income includes not only the financial income of Sihai Bank, but also the profits of enterprises such as [Shushan Iron and Steel Group] and [Huaxia Shipping Group].

Recently, under the leadership of Ouyang Shuo, the Industrial Administration, following the [Shushan Iron and Steel Group], integrated artillery, warships, weapons and armor, mimetic aircraft, muskets and other military factories, and jointly established the [Canglong Military Industry Group], becoming the largest and most profitable group in the dynasty.

The group reform of the Daxia Dynasty is in full swing and gradually becomes the economic pillar of the court.

"The fiscal expenditure for the whole year is 61 million gold coins, including 21 million gold coins for public utilities, 18.5 million gold coins for military expenditure, 12 million gold coins for administrative expenditure, 5 million gold coins for subsidy, and 4.5 million gold coins for other expenditures."

Public utilities expenditure, including basic welfare, education, medical care, infrastructure construction, agriculture, forestry and water, accounts for the majority of fiscal expenditure.

One of the other expenditures is special, which is royal expenditure.

The maintenance costs of the summer palace, the salary, expenses of female officials and palace maids, and the daily expenses of royal members such as Ouyang Shuo, Song Jia and Bing'er have a complete account book with a fixed quota instead of squandering at will.

Including royal expenditures means that Ouyang Shuo is not planning to set up a private treasury outside the national treasury.

The royal private treasury and national treasury in previous dynasties were separated. The treasury income was generally agricultural and commercial taxes, and the royal private treasury was generally monopoly industrial taxes such as silk, tea, salt, and iron.

In contrast, Daxia has long relaxed its monopoly on silk, tea and salt. With the signing of an iron ore import agreement with Australia, the supervision of iron ore is gradually relaxing.

There is no way to talk about these industrial taxes.

The royal private treasury needs to raise royal relatives and build palaces, etc. Generally, there will be surplus. When the treasury is insufficient, it will be used to enrich the treasury.

Of course, there are also times when there are not enough.

Especially in the middle and late dynasties, the royal relatives had a huge lineup, with tens of thousands, and they were like a group of borers corroding the foundation of the dynasty.

Every major renovation of the palace also costs a lot of money.

During the Jiajing period of the Ming Dynasty, a fire broke out in the palace. Just to repair the palace, it cost 7 million taels of silver, accounting for half of the fiscal revenue of the Ming Dynasty that year.

The national treasury is generally used to pay salaries, build roads, build bridges, and build water conservancy. In the event of disasters, there are also extravagant emperors who transfer the national treasury money to private treasury for personal enjoyment.

In the middle and late Ming Dynasty, this evil wind prevailed, and the emperor was arrogant and extravagant, indulging eunuchs to make money everywhere under the banner of the emperor, exploit the people, and embezzle the treasury silver.

Some emperors even had sex with corrupt officials and divided the stolen money, or directly took the stolen money for themselves by raiding the house, and countless people were found to be killed.

This made the royal family rich, the people miserable, and the foundation of the dynasty was cut off.

Therefore, Ouyang Shuo must eliminate this disadvantage from the beginning.

In addition to the expenses allocated by the Finance Yuan budget, the royal family actually has other sources of income.

First, when Ouyang Shuo went out for an adventure, the seized gold, silver and jewelry would be distributed to the inner warehouse. Second, the [Shanyuhai Entertainment Holding Group] led by Song Jia can generate considerable profits every year.

With these two incomes and only three royal members, Ouyang Shuo naturally does not need to embezzle the wealth of the treasury. What's more, Ouyang Shuo has always advocated the royal family to be frugal, and he will never waste it except for necessary occasions.

As the saying goes: upward and downward effects.

The royal family headed by Ouyang Shuo advocated frugality, so naturally the princes and nobles did not dare to be too extravagant. Only when the entire dynasty was justified was the way to prosper.

...

After the income and expenditure were settled, the court only saved 4 million gold coins in a year.

Of course, in the eyes of the outside world, Daxia has millions of troops, and launching three or four major wars within a year, and achieving financial savings is already a very remarkable achievement.

Globally, more than half of the territory has long been in subsidized, and it can only maintain the operation of the territory by continuously increasing taxes and issuing government bonds.

After the fifth system update, slower construction speed, more real disaster system, smarter people, and more intense global competition will make these territories more difficult in Gaia for five years.

A bad thing may even annoy the disaster of collapse.

[Yanhuang League] has lost several times in succession, and its foundation is almost completely destroyed. Fortunately, with the opening of the [Yanhuang League] with the ocean-going routes in North America, they can soon be reborn with their business talent.

The four million gold coins spent by Di Chen at the auction in the previous period were probably paid by the family. With the financial situation of Handan City, it is impossible for him to give out the money.

After talking about last year's income and expenditure, Fan Li continued: "According to the analysis of the Finance Yuan, Gaia has four major benefits in five years. First, the integration of the four newly introduced provinces can greatly increase the tax revenue of the imperial court. Second, the [Canglong Military Industry Group] and other groups have gradually moved on track after internal integration and will contribute more considerable profits."

"Third, industrialization has begun to show its momentum, and the production efficiency of private workshops has increased significantly, which has stimulated the growth of commercial taxes. Fourth, the implementation of the Cross-Mediterranean Trade Partnership Agreement and the Pan-Pacific Trade Partnership Agreement will further stimulate ocean trade and increase tariffs."

"Comprehensive the above benefits, the Finance Yuan has initially estimated that fiscal revenue will reach a new level next year, with an estimated growth of 95 million gold coins, or even exceeding 100 million yuan, achieving a growth of more than 46%.

After hearing this, Ouyang Shuo refused to comment. The growth rate of 46% seemed amazing, but it was based on the continuous expansion of the dynasty, rather than the endogenous growth momentum, which was never lasting.

Thinking of Gaia's five-year battle, the court's finances would not be easy.

Seeing this, Jiang Shang narrowed his eyes slightly and said, "Although the calculations of the Finance Yuan are very optimistic, the expenses will be up to a higher level next year. Let's discuss what major expenditure plans the four major courtyards have!"

The king's every move was naturally under the attention of the cabinet chief.

After Jiang Shang finished speaking, Executive Secretary Xiao He was the first to leave the list.

Among public utilities expenditures, except for the basic welfare expenditure under the jurisdiction of the Civil Affairs Office, the remaining public expenditures are mostly dominated by the Executive Yuan. In addition, the executive Yuan accounts for the largest proportion of fiscal expenditures among the four courtyards, even exceeding the Privy Council, which spends money like flowing money.

On the surface, the Executive Yuan has no intuitive financial contribution.

It is not difficult to understand what kind of pressure Xiao He is under, but what should be said is, "Next year, the Department of Science, Education, Culture and Health will promote basic education and basic medical care in the four major provinces, the Department of Agriculture will clear water conservancy, the Department of Construction will expand the road network, and public expenditures are expected to increase by another 4 million gold coins on this year's basis."

Ouyang Shuo asked: "Can the Executive Yuan send someone to survey the public construction situation in the four major provinces?"

"Some. Overall, the foundation of the four major provinces is relatively good, but because they were not affiliated with each other and were not in a system before, they needed unified planning, and some of the construction standards must also be in line with the imperial court."

"Tell Jia Sixi to take advantage of the beginning of spring to quickly organize the people to clear water conservancy, and counties with conditions should reclaim more farmland as much as possible and not let the land be abandoned."

"No!" Xiao He responded quickly.

The things that the king personally instructed him are probably of other profound meanings, and it is not an exaggeration to pay attention to them no matter how much he wants.

However, Ouyang Shuo recalled Gaia's updated "natural disaster system" to prepare early.

With the acceleration of industrialization of the dynasty, commerce prospered, and the number of people engaged in handicrafts continued to increase, which caused a very serious problem, and the population engaged in agricultural production was weakened.

With the relatively backward farming technology in ancient times, if you want to ensure sufficient grain supply, you must have a corresponding amount of farmland and even enough farmers to farm.

Agriculture without pesticides, fertilizers, and hybrid rice assisted will not be able to produce any miracles. It can greatly increase the yield per mu and can only invest a large number of farmers to farm.
Chapter completed!
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