Carlo, who inspected Florence and got a preliminary understanding of the situation, called the finance minister over.
"That's right, Aldini. I heard that the Ministry of Finance has cut the budget of the Grain Reserve Bureau in half this year. I wonder what the Ministry of Finance has in mind?"
Unlike other ministers, Carlo has always valued the finance minister in front of him. Although it is not difficult to choose the finance minister, it is really difficult to make him satisfied and reassured.
It doesn't matter if you have the ability, you still need Carlo's approval.
It can be said that the position of the Italian Finance Minister is more demanding than other ministers and prime ministers. Otherwise Carlo would not have caught Teejera and held it for more than ten years without changing the prime minister. If not for the other party
I really don’t want to do it anymore, and Carlo doesn’t plan to replace him yet.
This shows the importance of the position of finance minister in Carlo's heart. There is also a political joke in Italy that the finance minister is the second-in-command of the government because he can connect the government, the king and the military.
Of course, this is just a joke, but it also proves some of the views of the political community on this position, and at least one thing confirms that the king's attitude is different.
Although he was treated specially, Aldini didn't think it was a good thing. So after Carlo asked, he immediately replied. "Your Majesty, the budget of the Food Reserve Bureau was reduced because it was not necessary to guarantee military expenditures before.
In terms of expenditure, each department has reduced its own budget, and the budget of the Grain Reserve Bureau was too expensive, so it was also reduced after discussion."
Well, Carlo understood what Aldini meant. This was because each department was reluctant to suffer too big a loss in its department budget, so after taking a look around, he found that there was such a grandma who is not close to him and an uncle who does not love him.
Department, then let you be more patient.
Carlo didn't know what to say to Aldini's words. If he was wrong, it was all for official business, and it seemed that many people still didn't know enough about the Bureau of Food and Material Reserves even now.
In fact, speaking of it, Carlo himself is also to blame. It was under his strong pressure that Italy began to reserve grain on a large scale.
As a result, the originally promised reserve of 3 million tons has exceeded 6 million tons along the way. However, we still need to continue to purchase grain. Not to mention the cost of personnel and space to manage the grain reserve, these 6 million tons of grain alone are enough.
How much is it worth? This is food worth more than 500 million lire, enough to feed the entire Italian population for seven months.
If this money had been given to other departments, it would have been able to do a lot of things. Not only could it increase government revenue, but it could also promote economic and social development. But if it were used to purchase food, it would have to be stored there, and it would still cost money.
Protect it from loss.
That's right, for the government ministers, they see a large amount of the budget being used to purchase food every year. Who can remain indifferent?
They have been able to tolerate it for the past two years, but it has been eleven or twelve years. If Carlo's prestige hadn't been too high, they would have made trouble long ago.
And now, in the name of compressing the government budget, the ministers who have long disliked it, can't they use this to make them suffer a dumb loss?
So cutting half of it was for the sake of the king's face. If it were them who made the decision, why store so much food? They would keep a month or two for themselves and sell the rest slowly.
Carlo is well aware of the hidden losses suffered by the Grain Reserve Bureau. Now it seems that it is impossible to ask the Ministry of Finance to restore the cut budget.
Although Carlo can do this, and the finance minister will not refuse, this will undoubtedly stir up the nerves of other ministers and increase the government's dissatisfaction with him. Carlo is not a fool, how could he do this.
But food procurement must continue, which is related to the future war.
Carlo thought for a while and then said, "Aldini, what if the kingdom issues another debt?"
"Your Majesty, I wonder how much debt you plan to issue?"
“How about five hundred million lire?”
Upon hearing the king's words, Aldini's heart tightened. He basically knew what the king was going to do. But he couldn't say anything and could only answer the king's questions.
"Your Majesty, if you are to issue 500 million lira national debt, I suggest that it is best to choose New York. However, going to New York will cost you a lot of money by those securities dealers in Manhattan, but at least it is safe and fast. If it is in Paris or London, with the comparison between our country and
There will definitely be a lot of trouble in the relationship between Britain and France."
Aldini's suggestion is very reasonable. Although Europe is closer to issuing national debt, but in terms of the relationship between Italy and Britain and France, if Italy dares to issue national debt in Paris or the London stock market, then a small punishment will be the generosity of both countries.
.Don’t talk about free and open capital markets, that’s just because you didn’t offend him.
Otherwise, I will let you know in a minute what is reasonable and legal to make you lose a lot of money. (Obviously, I was disgusted by the British guy's attitude towards Chelsea)
"In addition, our country has issued a lot of national debt in recent years. If we want to continue to make people have the desire to buy, the interest rate will have to be raised a little."
It's ridiculous to say that the Italian government has always wanted to reduce the size of the national debt it carries, but over the years, the size of the national debt has nearly doubled, reaching 11.37 billion lire.
And this money is basically brought in by borrowing and repaying. If you borrow more and repay less, doesn't the scale of debt increase? Of course, by borrowing so much national debt, Italy's economic strength has grown rapidly, which also prevents debtors from worrying about Italy's ability to repay its debts.
Of course, given the current scale of debt and the tense situation in Europe, even if Italy's economy is good, its interest rates will definitely not be lowered. It would be good to borrow as much as possible. The current tense situation in Europe makes the bonds of European countries not good.
Sell.
"As for the interest rate, as long as it is not too high. Next, your Ministry of Finance will issue a treasury bond worth 500 million yuan, and the name will be decided by your Ministry of Finance. Don't touch this amount, I will keep it for great use.
."
Carlo had no choice but to accept Aldini's suggestion of raising interest rates. However, Carlo had not yet fully considered the payment for the national debt.
But one thing is for sure, most of this money will flow into the funds of the Grain Reserve Bureau. The most important thing is to reserve a year's worth of grain for Italy.
Aldini, who received Carlo's instructions, acted quickly. A month and a half later, a new Italian ten-year treasury bond was listed on the New York Stock Exchange, and Morgan Bank was responsible for selling it. With the help of the Morgan consortium, Italy's
The treasury bonds sold very quickly and were sold out in just one month.
