Republic December 1793.

Taking advantage of the fact that the war situation in all aspects was stabilizing, the Chinese Empire held its annual summary meeting as scheduled.

According to the statistics compiled by various parties, at the end of the year, the empire had a total population of 3.22 million households and 13.1 million people. 400,000 households, 1.3 million people; The total slave population grew rapidly to 6.3 million as a result of the Pingxia and Fuso wars.

In this way, the population of the empire will always exceed 20 million, which will reach one-third of the total population of Jiangnan (projected).

For Jiangbei, which has experienced decades of war, this is a gratifying change.

Excluding direct seizures, the Empire's fiscal revenue for this year is S$140,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000

Among them, the largest contributor to fiscal revenue was the burgeoning financial industry, which became the backbone of the empire's finances with profits from the state-owned banks, which far exceeded the rest of the economy.

This is followed by industry.

In the three years after the founding of the empire, the Ministry of Industry, with the help of the Ministry of Household Affairs and the bank, put 15 million pieces of various iron and steel agricultural tools into the people; 80,000 new ox-horse-mule carts with leaf springs were produced; About 200,000 buildings (factory dormitories and urban residential buildings) were built, 1.7 million tiled houses were built, and more than 1.5 million old houses were renovated.

Together with light industries such as textiles and garments (including garments), salt, glass, wine, perfumes, leather, enamel, food processing, and papermaking, as well as heavy industries such as military industry, shipbuilding, and chemical industry (soap and matches are now classified as chemicals), and mining, the empire's industry accounted for more than 65 percent of the total output value of industry and agriculture, and it had properly become an "industrial country."

Although the laurels of this industrial country actually seem quite funny - the empire's industrial output is so high because many of the empire's industrial products are in a monopoly position, not because the empire's industry has really industrialized.

Monopolies always bring a lot of profits, so the direct fiscal revenue brought by the imperial industry is only a little less than that of the financial industry, which lends directly to the whole country and even the whole Eastern world, and in the last three years it has basically been in the position of taking turns to be the first major fiscal revenue of the empire.

The third item of fiscal revenue is trade taxes.

The scale of the empire's imports and exports was very large, mainly importing raw materials, exporting light and heavy industrial products and military products, in addition to directly controlling the customs of the two countries of Goryeo and Ryukyu, as well as the entrepot trade in Jiangnan - after the occupation of Taipeng and Sansha, whether overseas merchants went to the Great Zhou or Great Zhou merchants went to sea, they had to go through the procedures in the empire-controlled areas, which was also a large profit.

Agriculture, the most important financial pillar of the traditional state, was now the lowest-income item in the empire.

This is the result of the empire's rapid increase in arable land every year, the consistent pace of water conservancy construction, the gradual spread of cash crop cultivation, and the rapid development of animal husbandry and forestry.

If we only look at the fiscal revenue, the empire is undoubtedly the richest government in the world in this era, and the second largest in the world in terms of revenue (the General Staff Intelligence Department estimates that the financial revenue of the Great Zhou is equivalent to 50 million Singapore dollars tael) is not at all a grade compared to the empire.

However, the Empire's financial expenditure is also the highest in the world, and it also throws the world's second largest Zhou several notches away.

In 1793, the largest item of expenditure of the empire was undoubtedly military spending, and the empire carried out two expeditions at the same time, both targeting powerful countries with populations of millions or even tens of millions, with more than 250,000 troops directly participating in the war, millions of people indirectly participating in the war, thousands of tons of ammunition consumed, and countless grain and materials.

In addition to military spending, there are also preferential care for the families of the fallen soldiers, follow-up living arrangements for the wounded soldiers, and so on, and the military expenditure has exceeded 90 million Singapore dollars, accounting for more than 64 percent of the fiscal revenue.

The second major item of fiscal expenditure is the salaries of officials and civil servants, the empire pursues a policy of high salaries and pensions, and the salaries and benefits of officials are generally very high, and the empire is a "housekeeper" government with government tentacles that can reach the village level, so the absolute number and proportion of civil servants are very high.

In 1793, the government spent 40 million Singapore dollars in direct fiscal expenditure.

Next is public infrastructure investment, 8 million taels; investment in education, six million taels; investment in public and civilian medical care and sanitation, three million taels; state-owned industrial and agricultural investment, three million taels; investment in scientific and technological innovation is 300,000 taels; expenses for him (including interest on national debts), 1.5 million taels.

The actual total expenditure was S$151.8 million, and the fiscal deficit was 11.8 million taels.

This was the first time that there had been a fiscal deficit in the imperial treasury since the era of budget planning, and when the figures came out, some officials of the household department shouted that the country would not be the country and demanded that the fiscal expenditure be reduced.

But in fact, the finances of the Chinese Empire are still very healthy.

After all, it is estimated that it will be difficult to fight two large-scale wars at the same time in the future.

What's more, the 40 million taels captured in the direct war were not included in the fiscal revenue, and the newly conquered territories of the empire would bring more profits in the future.

Those officials who shouted blindly, in Xu Shiyang's view, were mostly guys who made a name for themselves with their big words.

The remaining small part is probably to fight for some rights and interests for their own department.

……

According to the national strategy, Xu Shiyang hoped to solve the Fusang problem next year, and then concentrate his efforts and look for opportunities to prepare for the settlement of the Jiangnan Great Zhou and complete the real unification of the empire.

For this reason, all financial expenditures, including military spending, will not be reduced next year, and even in the course of attacking Jiangnan, it is necessary to prepare a huge special fund -- no less than 50 million Singapore dollars taels, which is equivalent to the fiscal revenue of the new year, because it is necessary to appease the war refugees, stabilize the economy of Jiangnan, and prevent too much social unrest in Jiangnan.

A massive increase in spending is naturally offset by a massive increase in revenue.

Next year's fiscal revenue (still not counting direct war captures) is required to reach at least 160 million taels, and the apparent fiscal deficit will be controlled at the level of 60 million taels.

In this way, combined with the direct war captures this year and next, the Empire's finances are effectively maintained at the point of balance between the payments and the balance.

After more than ten years of accumulation, at this time the imperial treasury still had deposits equivalent to 18000000 taels.

In addition, the empire's private deposits are also very rich, and if necessary, the empire can also increase the issuance of treasury bonds - at present, the empire has a domestic debt of 20 million taels and a foreign debt of 30 million taels, which is not a big number, because the interest payment is timely and the collateral is always being promoted, so the empire's foreign debt sells well in Jiangnan, so the household department believes that quadrupling the national debt is acceptable.

Of course, neither Xu Muhe nor Xu Shiyang could agree to issue such a large number of bonds at once, and the empire's finances were not so embarrassed.

But this figure at least shows that even if the empire continues to fight large-scale wars as it did this year, as long as it can still win, there will be no major financial problems.