Rebirth of the Spanish Empire

Chapter 171: Fiscal Deficit Crisis (please vote for me)

Thanks to Chongyoshi rr for your support.

She gave him a roll of her eyes, and then said: "What's the rush? We need time and opportunity to seize, instead of rushing in headlong."

Eugene also felt that he was too impatient. How should we respond to each other in the UK?

"Try to delay as much as possible and let the other party continue to watch how quickly we approach Riyadh. When the time comes, I think they will increase their bargaining chips, and it will not be dominated by the Saudi family and the Rashid family, but us face to face, Even Ottoman Turkey will join in. By then, we will be the biggest winner. Hehe, although it smells like nonsense, if it can be realized, I think it is still very possible. "

After settling on the development of peninsula affairs with Eugene, Alfonso met with the Minister of the Interior José without stopping. After not seeing each other for the past few days, José has become even fatter, but under that honest and loyal appearance, he is hiding Capable.

Unlike Eugene, who belongs to the Ziyou faction, Jose is a non-factional person, uh, but it can also be said to be a royal faction, because he was the one promoted by Alfonso, just like Yan Shun, Chirac and others. Same, he is a more trustworthy person.

Alfonso thinks that in this world, if we really want to compare, then if we have to say which king has a more friendly and intimate relationship with his ministers, he will definitely dare to say without shame that it definitely belongs to him.

Needless to say with Trini, the two of them were friends most of the time, and the same was definitely true of several other people. Even more often, he played the role of teacher. These are difficult to find in other countries. After all, in a place and time where class was most important in Europe, this was astonishing.

"Tell me, your face is so bad, your body is so fat, and your proportions are such that people don't know how to guess you." The teasing tone came naturally.

"Your Majesty, please stop playing tricks on us. Now I really feel how difficult this position is."

"Haha, if your words are heard by the vast number of lovely people in Spain, they will definitely protest against you for saying that they are difficult to govern, and protest against you for saying that they have harmed you."

Jose almost fainted from anger at these words. His Majesty, it's really hard not to prank these people every day.

"Okay, Your Majesty, why don't I know I'm wrong?" Jose said directly begging for mercy.

"I'll let you go today, tell me, what happened to make you frown?"

Finally, the official time came. Jose breathed a sigh of relief, and then straightened up, but what he said made Alfonso want to kill someone: "There are so many problems."

"Whatever the problem is, tell me everything."

Jose looked at His Majesty's helpless expression, smiled secretly, and then said: "We have no money."

"There is no money." Alfonso was stunned for a moment, and then he reacted, "You mean, the Ministry of Interior has no money now?"

"Yes, the Ministry of Finance has originally said that it will reduce fiscal expenditures, and it is also for this reason. The reason for the tax reduction is naturally because His Majesty has reduced the tax burden on the people in recent years, especially the emergence of the Zi You Trade Zone. It has also eliminated many sources of tax collection. The tax burden from operating industry and commerce has indeed increased, but there is not much income from agricultural taxes, import taxes, etc. In addition, the government has invested a lot in infrastructure in recent years, both domestic and foreign. , as well as the money spent on foreign strategic lands purchased in recent years, etc., all of which have caused a deficit in the fiscal surplus." Jose looked at Alfonso with a wry smile and said, "

"Therefore, the Ministry of Finance only came up with the explanation of the expenditures seen this year. The reasons that everyone agrees on could still continue to support it. However, after all, the deficit is still relatively small, and industry and commerce are developing rapidly. Chavez and Miguel both believe that You can make up for it quickly, but "

"But what? Just say whatever you want," Alfonso said dissatisfied.

"However, His Majesty's trip to Northern Europe did not make us expect that His Majesty would spend more on the Virgin Islands and other investments in Northern Europe than originally planned, so our difficulties arose."

"What's the current gap?" If it's a small amount, with his assets, he can still lend it out and put it into use. Unlike many countries, Alfonso has distinguished his own property a long time ago. For example, regarding the Audi car issue, everyone knows that he is the personal property of the king, and Felix Life Company Fonterra Food groups, etc., these are Alfonso's assets, but Zheng Fu also occupies a small stake in them. It can be said that every year in the newspaper, Alfonso will ask for the announcement of these asset changes, mainly The purpose is to avoid the danger of being linked to national assets. On the one hand, it makes people think that they are taking the country's money for the royal family's personal use.

"About 4. In addition, our national debt issuance rate has exceeded the 60 ratio you mentioned and has entered a dangerous period."

Alfonso was stunned. If calculated based on 6 billion pesetas, that means the current fiscal deficit gap is 240 million pesetas, and the issuance of national debt exceeds 3.6 billion pesetas? According to the safety zone standards of later generations, a fiscal deficit of more than 3% and a national debt of more than 60% means entering the national fiscal danger zone. At the beginning, he was afraid that Spain would appear like what happened to Russia some time ago, so he paid attention to this key point. After all, although it would not cause an economic crisis in Spain, it would seriously affect Spain's economic development, which is still worthy of attention. Unexpectedly, the original reminder has now come to fruition.

What should I do? Now even he was stunned for a moment and didn't know how to solve it. After all, if such a large sum of money really needs to be replenished, then the companies under his umbrella will have a big funding gap. By then, these A company that is already very healthy may even be in crisis due to a funding gap. In that case, the results will be very dangerous. After all, the total number of employees under those companies is in the millions. If their employment income is affected, there may even be unrest and other problems.

"What did Chavez say?" Alfonso thought of a key person, Chavez, the finance minister. He should have his own thoughts on this matter.

"The guy said he wanted to sell off his assets, and even said he wanted to collect taxes." Jose laughed when he said this, and then said to Alfonso's confusion: "He also said that we should focus on your Majesty's property. It is said that your industry is the big one.”

Second update, please vote for me. ps: I’m very busy during this period, running around. So many friends have seen that the quality has dropped, and the collection has also become smaller. I have nothing to say about this, and I don’t want to say how good my reasons are. After all, everyone is reading the book and not my reasons, so I will No need to talk about it, I have started to recover now, and I will officially return to my previous state tomorrow. Finally, as the old saying goes, I hope everyone will continue to support me firmly. (To be continued.

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