Chapter 100: , The government is short of money


   After sending Chekov away, Ferdinand admired himself a little, and his ability to carry private goods was already perfect. Things that are not related to each other are just being pulled together, and they are so reasonable!
  ……
  Chekov is in a very bad mood now. The Ministry of Education's funding application was suppressed by the Ministry of Finance. Honest people are also angry! With a mere half a million levs, the Ministry of Finance dare to say that it has no money and it wants to suspend the allocation of funds. Isn't this a shame!
   At the moment, Chekov broke into the Ministry of Finance angrily and directly found Chancellor Kennedy Ivanlov.
   "Mr. Kennedy, can you tell me why the Ministry of Education's appropriation was suppressed this time. Don't tell me that there is only half a million levs. The Ministry of Finance doesn't have any!!!"
   Although he has tried his best to suppress his anger, the meaning of Xingshi's questioning is still very obvious.
   Facing Chekov’s inquisition, Kennedy was not upset either. The Treasury Department has seen many such things. Still smiling and saying:
"Mr. Chekov, believe it or not, our Ministry of Finance really cannot get the money. Of course, it's not that the Ministry of Finance has no money now. The problem is that the money has been determined for use! It doesn't take long to wait. , As soon as the income of the taxation department is booked next month, I will allocate funds to you immediately!!"
   Chekov did not approve of what the Chancellor of the Exchequer Kennedy said. He knew exactly what Bulgaria’s finances were, how could it be short of 500,000 Levs!
   He looked at Kennedy with a sneer, and said dissatisfied: "Yes! Then bother Mr. Kennedy, and go and explain it to the Grand Duke himself!"
   Hearing this, Kennedy's face changed drastically. He knew that Chekov was really angry. Facing Ferdinand's trusted cabinet minister, he still had no confidence. So he opened the safe, took out a pile of documents and handed it over, and said with a wry smile:
"Mr. Chekov, money is being used everywhere in Bulgaria. In addition to the previous budget, you should know how many additional project grants have been added later! Even if the Ministry of Finance has more money, it will not be enough! If it continues , We will face a financial crisis in the near future. The specific situation is here and we are preparing to report to the cabinet!!"
   Chekov took the document and looked at it carefully. The content became more astonishing as he looked at it. He never thought that the government could spend so much money! After a while, he closed the document and said in disbelief: "This is all true?"
"Of course! Every expenditure on this is clear, especially after the economic crisis broke out. In order to get rid of the crisis as soon as possible, we launched many projects in advance, which greatly exceeded the budget. The previous accumulation and loans are now almost exhausted. It!" Kennedy said cautiously
  Chekov knows that the trouble is big. Now the financial crisis is not enough, but many projects will be affected in the later period, or they will be abandoned or postponed! This means that Bulgaria's rapid development is about to end, which is absolutely unacceptable to the current government!
   "I see! Since the problem is so serious, why don't you report it in advance?" Chekov asked in confusion
   Kennedy said with a wry smile: "Mr. Chekov, we hadn't expected that there were so many new projects in the last two months, and many of them were outside of the '2nd Five-Year Plan'!!!"
   said this, both of them shut up decisively! These are all Ferdinand’s pots, and many projects later on were approved by him personally. Any further discussion would be accusing his boss.
  ……
   At the Cabinet meeting in August, I saw the report sent by the Ministry of Finance. Everyone was very distressed! On the surface, there is no problem now, as long as no new gold swallowing beasts are added, it can be handled.
   But this is all impossible. If nothing else, the "Arsenal Expansion" project that will be launched in the beginning of the year cannot be stopped, right? Five million Levs are indispensable! !
   There is also the big wedding behind Ferdinand, which is another big expense. This can't be saved. The Duke's face can't be lost, and Mao Xiong's face can't be denied! ! and many more……
   Constantine broke his silence and said: "Gentlemen, everyone has read the analysis of the Ministry of Finance! If we want to continue to complete the following projects, according to the most optimistic estimate:
In 1894, we will face a fiscal deficit of 12 million Levs; in 1895, we will face a fiscal deficit of 35 million Levs; in 1896, we will face a fiscal deficit of 50 million Levs; and in 1897 , This number will reach 80 million lev, which has exceeded half of our current fiscal revenue! !
  In other words, our Bulgarian financial crisis is coming! ! This problem has plagued Bulgaria many years ago. Now it is coming back. What should we do? ? "
   There are only two choices before the cabinet: Either make money and solve the fiscal deficit that may erupt in the future; or cut some projects, UU reading www.uukanshu.com to save money!
  Well, now the Bulgarian government’s international debt is as high as 150 million levs, and every year it pays 11 million levs for interest alone. Compared to neighbour Greece's more than six billion, Serbia's more than three billion, that's nothing! !
   But for foreign loans, everyone is discouraged. Let alone high interest rates, the key is to mortgage sovereignty! ! The people sitting here are all highly powerful, and no one wants to recite the infamy of traitors.
   "Your Excellency Prime Minister, I propose to suspend certain projects that are not particularly important and start them after the financial situation improves!!" Chancellor Kennedy said cautiously
   "No, I object! The success of the '2nd Five-Year Plan' determines whether we can complete industrialization in Bulgaria! We can't delay or even give up because of short-term difficulties!!" The Minister of Industry immediately retorted.
   "I support it! The current financial situation of the government really can no longer blindly start so many projects. If we don't renew the funds, I am afraid that we will go bankrupt!!" The Minister of Foreign Affairs agreed.
   "I object!! It is now the most critical moment for Bulgaria. As long as this difficulty is overcome, there will be nothing to stop Bulgaria from becoming stronger!!" The Minister of Communications said angrily
  ……
Constantine slapped the table with a "pop", and then said: "Enough! If you continue to quarrel, it is estimated that everyone will be sitting here tomorrow! The old rule is now to vote by show of hands. The minority obey the majority, and no abstentions! If you agree with the Chancellor’s opinion, please raise your hands!!"
As soon as the words were finished, those who supported the project’s views on the reduction project raised their hands one after another. Constantine glanced at the audience, slowly raised his hands, and said: "Five votes agree, four votes against, pass !!!"
  
Latest chapter of Ebook Bulgarian Empire Click here