Bulgarian Empire

Chapter 17, Borrowing

Think about it twenty years ago, the Franco-Prussian War caused economic losses of more than 20 billion francs to France, and the war reparations had to pay more than 5 billion francs, and the usury empire paid it back without waiting for a breather.

The Germans' attempt to use war reparations to drag France over was over as soon as it started!

After the war, another bourgeois revolution broke out in France. After a fierce battle, they still had enough funds to recover their vitality, and we can see the background of the old empire.

The main reason why Ferdinand set his sights on France was that after the Franco-Prussian War, the newly established French Republic went further and further on the road to the usury empire!

The second is the existence of the Russian-Bulgarian Alliance and the French-Russian Alliance. Internationally, Bulgaria has always been regarded as Russia's sphere of influence by default. Even if France proposes conditions, most of them will be within the economic scope. It is unlikely that Bulgaria will destroy France-Russia relations!

At the end of the 19th century, when the Franco-Russian alliance was established, the French needed the Russians far more than the Russians needed the French. Therefore, internationally, the French must take Russia's attitude into account in many cases!

Before 1905, the Russian Empire was at its peak, the Franco-Russian alliance suppressed the Triple Alliance, and the British position always favored the Germans.

Until the Russo-Japanese War, the weak nature of the Russian Empire was exposed, and the strengths of the two sides were reversed. In order to suppress the rising Germans, the British's continental balance foreign policy changed and joined the Allied Powers.

Ferdinand also knew that even so, borrowing from France is not that simple! The French don't open charity halls, and additional conditions are absolutely indispensable!

"How much is the government's fiscal shortfall for the next three years?" Ferdinand asked.

The Minister of the Exchequer Kennedy's face changed, and he really wanted to say: Your Majesty, you are not playing cards according to common sense! Under normal circumstances, shouldn't we ask what the current financial gap is?

Kennedy thought about it for a moment, and said with some hesitation: "My lord, this year's fiscal deficit is about 50 million levas, and the budget deficit for next year and the year after is initially estimated to be 150 million to 200 million levas. Between F!

These are all built behind the government, no new large-scale construction projects, and no wars! "

Ferdinand nodded. In fact, the period of the "Second Five-Year Plan" was the most difficult period for Bulgaria's finances. Once this hurdle is passed, the government's fiscal revenue will explode!

What's more, there was another "Bao Sai War", which not only increased the war expenses, but also expanded the scope of the implementation of the "Second Five-Year Plan", so the fiscal expenditures will naturally rise sharply!

If you also consider that the "Greek-Turkish War" is coming soon, and Ferdinand wants to swallow an elephant, then the war budget is definitely astronomical!

After thinking for a while, Ferdinand asked, "Then, if a war breaks out between us and the Ottoman Empire during this period, and the war funds are also taken into account, how big is our financial shortfall?"

Everyone's face changed slightly, they knew that Ferdinand was planning to go to war with the Ottoman Empire. Seeing the Chancellor of the Exchequer standing there with a bewildered expression, Ferdinand knew he had made a slip of the tongue!

Even if you want to calculate war funds, you have to find the military first, and calculate according to a series of comprehensive factors such as strategic plan, war scale, mobilization number, etc.!

It is too embarrassing for the Ministry of Finance to calculate the war expenses without knowing anything, even if the scale of the war is a local conflict or a full-scale war.

Ferdinand laughed, and added: "Of course, I didn't ask you to tell me right now, come down and get in touch with your Ministry of Finance and the General Staff, estimate a rough figure, and then report it to me!

In addition, the prime minister's government is now going to prepare strategic material reserves in advance. We must ensure that we can support an army of 300,000 in the event of an emergency.

A strategic reserve that has continued to fight for more than one year! "

Constantine was stunned for a moment, but immediately reacted, and said hesitantly, "My lord, I'm afraid this will be difficult! We have already started to prepare for the war, but now the government's financial difficulties, we still don't have enough funds!"

Well, the final difficulty comes back to the word "money"! In fact, without making a detailed budget, Ferdinand can roughly judge the next funding gap in Bulgaria. It is necessary to detonate the Balkan war in advance and ensure victory, while taking into account domestic construction. It cannot be fought without four or five billion levas!

After thinking about it for a while, Ferdinand said unquestionably: "In this case, the Ministry of Finance should contact the bank groups of various countries to discuss the terms of the loan. The funding gap this time is too big, so we should prepare to borrow from various countries!"

Ferdinand's imperial mind is getting stronger and stronger, and now he can send and receive freely, hiding his thoughts at will.

Even though it has decided to get a loan from France, there is still no sign of inclination.

As Prime Minister, Constantine felt the most obvious. He had already clearly discovered that Ferdinand's power was getting stronger and stronger. Once a decision was made in many cases, no one could change it.

This is both a good thing and a bad thing!

The good aspects can increase the awe of his subordinates, and the bad aspects are easy to use on his own. This is also a common problem of emperors!

No one can tell what the final result will be. Anyway, Ferdinand's order was quickly carried out.

Since the Berlin Conference in 1878, the Balkan countries have turned their attention to the European territories of the Ottoman Empire.

The Austro-Hungarian Empire took the lead in taking Bosnia and Herzegovina into its pocket, and Greece, Bulgaria, and Serbia extended their tentacles into the Macedonian region one after another. The governments of the three countries are all expanding their schools and churches.

In this regard, Bulgaria has come to the forefront. Since the end of the 19th century, 25% of the Bulgarian government's fiscal revenue has been used to carry out work in the Macedonian region.

In 1885, 306 schools were established in the Macedonian region; in 1890, the number increased to 871. By the end of 1890, Serbia and Greece had only more than 200 schools each, leaving the Bulgarians far behind.

At the same time, Bao, Greece, and Serbia all launched fierce struggles for the establishment of schools and churches. Such church schools are generally organized by the consuls of the Three Kingdoms and accept their supervision!

During this period, due to fear of Bulgaria monopolizing the Macedonian region, the Serbs began to publicly promote the idea of ​​Macedonian national separatism.

The main reason why Serbia is so eager to expand is the pressure from the Austro-Hungarian Empire.

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