Money! Money! Money!

If in 1895, what was the biggest headache for the officials of the Governor's Department and the Ministry of Finance? I'm afraid it's a problem of funding, and the unprecedented shortage of funds has plagued the Ministry of Finance almost since the spring. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 info to use one of the most common phrases.

"The vault is empty, and you can run rats......"

Although the Ministry of Finance does not have its own direct treasury, it does not prevent the big guys from using this phrase to describe the financial constraints. The most fundamental reason why the money has suddenly become tight is the sharp inflation of expenses since last year.

The richness of the Northeast is a well-known thing to the outside world, and almost no one will doubt that this is entirely due to the relatively developed industry and commerce in the Northeast, especially its industry, just like Incheon, thousands of factories have brought a steady stream of commercial taxes to the Northeast, and the rich natural resources of the Northeast have also brought huge taxes to it, and it is precisely because of this that the Northeast has decisively implemented a total ban on smoking at the expense of the tobacco tax.

Increasing economic control, rapid development of industry and commerce, expansion of the mining industry coupled with the continuous expansion of the railway, these three are now the pillars of the Northeast finance and taxation, tens of thousands of income, enough to make the Northeast proud of the Guannai heroes, sufficient finance and taxation can make it do more business, of course, more importantly, under the leadership of the heavy industry development company, the industrial development of the Northeast is more rapid, tens of millions of "made in the Northeast" like a tide into the domestic provinces, which is bound to bring more wealth to the Northeast.

But now, unexpectedly, the "richest man" in the eyes of the world has been since the beginning of this year. It is in the midst of unprecedented financial constraints. Even its intense process is much more intense than at the beginning of the establishment of the three provinces - but it will be guaranteed by 200 million yuan in bonds. For now, the Northeast's fiscal growth has not been able to keep pace with the sharp increase in spending.

The sharp expansion of expenditures seems to be something that any enterprising government has to face, and it seems to be something that has been taken for granted to the marshals of Kannai, but for the Tohoku, there is undoubtedly something new.

“…… Since this spring, at least 10,000 migrants have been pouring into the northeast every day via Shanhaiguan, Yingkou and Dalian. The government's epidemic prevention fee, training fee and post-resettlement fee for each resettlement migrant is as high as 11.2 yuan, so on average, the government needs to bear more than 3.6 million yuan per month, and the peak expenditure is as high as more than 4.5 million yuan......

In the governor's office, disgruntled words were spoken like machine guns. It is no wonder that on the one hand, there is a tight fiscal revenue, and on the other hand, there is a surge in spending, how can Tang Rongjun, who is the minister of finance, be annoyed. Especially now that the Governor's Office has added another extrabudgetary expenditure.

The budget of the army has increased. If it is just a normal increase, it is barely acceptable, but the current increase is by no means a normal increase, but a sharp increase -- military spending has more than doubled, and not only is military spending increasing, but even resettlement expenses are also increasing -- starting this year, resettlement will be given priority to Jilin and Heilongjiang provinces, instead of "resettlement in the vicinity" as in the past, and the result of this policy decision will inevitably be an increase in resettlement expenses -- the transportation costs of migrants, grain, and other food will increase, and each person will increase by one yuanIt is millions of yuan in income, and what is even more fatal is that the resettlement work means that the government has to increase investment in infrastructure in the two provinces.

Well, there is also the increase in expenditure on education -- after two years of teacher education, the construction of primary schools will also be included in the implementation plan starting this year -- the construction of tens of thousands of primary schools needs to be completed this year -- this is another huge expenditure.

The Ministry of Finance, which is now almost overwhelmed by the increase in expenditures that affect the whole body, has no other choice, because the first two are all in the name of "border security." As for the latter, it is related to the country and the nation, and there must not be a trace of delay, otherwise, everyone will really become the sinners of the nation.

But, no matter what, you always need to find a way to get the money first.

"Military spending, administrative spending, and education spending, plus resettlement, these are the four major expenditures of the Governor's Palace, and together, there are no 25,000,000 yuan a year, and they can't be sustained at all......

In the statement, there is no mention of expenditures on industrial construction and other aspects, the vast majority of which are paid by bonds, and the interest on bonds is repaid by companies, and the government's capital is actually equity in exchange for concessions, which is completely "earned for nothing". Of course, this is not the case, after all, under the control economy, companies can obtain production resources at a cheaper cost, and there are subsidies such as fuel, freight, etc., so it can be said that the investment of the Governor's Palace is "hidden" and mutually beneficial "cooperation".

"And what is the government's revenue? Our finances are already seriously overdrawn......"

Before he finished speaking, Tang Haoran said with a smile.

"Well, I think another bond issuance, 50 million is enough? If it's not enough, 100 million yuan can be issued, well......"

After pondering for a moment, Tang Haoran looked at it and said.

"I can personally subscribe for 50% of the bonds."

The Governor's Mansion has no money, which does not mean that Tang Haoran has no money, his overseas investment, especially in South Africa's gold mine investment, is now worth more than 300 million pounds, although he has sold some shares in the early days, but now he still holds more than 60% of the shares, holding nearly 200 million pounds of gold mine shares, enough to support the industrialization of the Northeast and the future of the Governor's Palace.

"Uh......"

Dashuai's words almost didn't make Tang Rongjun choke back to his throat in one breath, and after a long time, he didn't feel that the government's current revenue and expenditure were unbalanced.

"Ran Shuai, since the establishment of the Governor's Mansion three years ago, we have been burdened with debts of up to 457 million yuan, twice the income of the Governor's Palace......"

If there is no economic control...... Tang Rongjun didn't even dare to imagine that kind of result, it was thanks to the economic control of the Northeast and North Korea that the Governor's Office was able to have a fiscal revenue of 160 million yuan, in addition to the huge profits brought by the economic control, but also thanks to the huge resource tax brought by North Korea's coal mines. But even so. $100 million deficit per year. It's enough to give anyone a headache.

"These debts require the Governor to bear more than 30 million in interest, and if new debts are issued, ......"

"Don't be afraid to spend money!"

Shaking his head, Tang Haoran interrupted.

"The deficit economy is also an economic way, the way of spending money within the limits of income is fundamentally conservative and not suitable for the pace of development of modern society, we must not only learn to spend money, but also learn to spend other people's money. It took more than three years to borrow 450 million? Is it much? If we can, we should borrow 200 million a year in the future, as long as we spend the money in the right place, use it in the right place, believe me, this money will give us more returns......"

In this era, not to mention Chinese, even Westerners may not be able to understand Tang Haoran's concept of spending money, and when the governor's mansion in Guannai tried every possible way to avoid borrowing, he borrowed money with a big hand. Despite the extremely high interest rates on some loans, they still accepted it with a smile.

"In a word. We have to learn to spend other people's money and do our own things,"

If so, Tang Haoran would prefer that the public bonds in the Northeast would be completely subscribed to by the market, rather than "speculating" on his own, but the market is always limited, and unlike other governors, who often borrow from foreign banks, the issuance of public bonds and construction bonds in the Northeast is issued by the four exchanges in Shanghai, Tianjin, Guangzhou, and Wuhan, which are joint ventures between the Northeast Bank and the Bank of Korea, and the issuance of them to the country. Over the past few years, its bonds have become extremely creditworthy because of their monthly interest payments, and the interest rate has been reduced to half of the initial one, although it is sought after, but the market is still limited.

In less than five years, in addition to the 457 million yuan of public bonds, there are also more than 1 billion yuan of corporate bonds, excluding the element of "speculation", the mainland has absorbed at least 1.2 billion yuan of bonds in the northeast, and now there are more entrusted issuance of bonds by government-run enterprises in the country, and the market's absorption is always limited.

"Have you ever considered issuing our bonds abroad?"

Thinking of the limited market, Tang Haoran immediately thought of a broader space -- overseas markets, London, Paris, New York, and even Germany and other countries, not to mention anything else, that is, the French capital circles, as long as they are willing to absorb more than 1 billion yuan of bonds, there is no problem at all, you must know that as the world's largest creditor country at this time, the French capital circles absorbed the bonds issued by the defeated French government more than 20 years ago, and even made Bismarck regret that the reparations were too small -- that was 5 billion francs.

"Ran Shuai means he wants to borrow foreign debts?"

His brows jumped slightly, he thought for a moment, and then Tang Rongjun said again.

"Although our bonds are creditworthy and the ratings in overseas markets are higher than those in the mainland, the bonds issued overseas before are all guaranteed corporate bonds. The overseas market is not as easy to fool as those in the Guan, there is no substance, it is very difficult to do, besides, the companies and public property shares held by the local government can almost be mortgaged, that is, several major control companies can be further mortgaged. Now, although the General Department of Taxation has made concessions on customs duties, the customs are still unified after all, and the customs will never endorse our debts. As for the salt tax...... Unless ......"

After a slight pause, Tang Rongjun looked at the governor and said.

"Unless you use the mineral tax from North Korea's coal mines as collateral."

There are many collaterals for government bonds, and even public enterprises such as the Electric Light Company and the Telegraph and Telephone Company can be used as collateral or loans from banks or the issuance of public bonds, and in order to fund the measures, the Ministry of Finance even holds the shares of the companies as collateral for public bonds, but as the Minister of Finance, he knows better than anyone that the real value in the hands of the Governor's Office is the mineral tax of North Korea, except for a few major control companies.

"Collateral with mineral taxes?"

"Yes, Ran Shuai, the special product tax levied by North Korea's coal mines, iron mines and copper mines is as high as 50 million yuan per year, I think it can be mortgaged, well, it should be no problem to borrow 300 million yuan,"

Beginning this year, Fuzhong will implement a five-year "army and navy armament expansion plan," with a total expenditure of up to 500 million yuan, and the average annual expenditure will be 100 million yuan, while the amount used for naval expansion will be as high as 300 million yuan, and the other 200 million yuan will be used for the expansion plan of the army and arsenal respectively.

Where does this money come from? The only way to solve it is to borrow money.

"However, when the time comes, there will definitely be pressure to repay, after all, this year's interest is tens of millions of ......."

"Don't worry about money, in the past few years, we have absorbed so many immigrants and have begun to shear sheep......"

It's time to shear the sheep, I've paid so much in the past few years, it's time to get the interest back, in fact, the reason why I spent so much effort to absorb immigrants in the first place is not to shear the sheep after the immigrants settle down?

"According to the calculations of the Committee of Agriculture, the arable land in the Northeast is about 300 million mu, if everything goes well, in the next seven to eight years, we will reclaim 50% of it, which means that at that time, the Fuzhong, only the land tax can collect no less than 70 million yuan, of course, the biggest benefit is public rent, the two will add up to more than 200 million yuan, and then ......"

Then you won't have to worry about money!

After a slight pause, looking at Tang Rongjun, Tang Haoran said in an extremely serious tone.

"And when the time comes, it will also involve the sale of public land, and if this more than 100 million mu of land is completely released, it will be more than a billion yuan......

Every time he thinks of hundreds of millions of cultivated land in the Northeast, Tang Haoran secretly congratulates himself on his luck to be able to master such a fortune, without this huge wealth as support, I am afraid that many undertakings in the Northeast will not be able to advance, at least in the Northeast, whether it is to set up a factory or build a city, there is no need to spend too much land requisition fees, and too much land can be directly expropriated.

"Therefore, there is no problem with this interest at all, even if it is not good, when the time comes, you can consider releasing part of the public land in advance, which is enough to repay the debt, and besides, don't the four major cities still have public property? In ten years, how can those public properties be the current price of cabbage, ten years, enough for them to rise to a certain point, and when the time comes, they can also consider disposing of a part. ”

Land finance, it is precisely because he thought of the land finance of later generations that Tang Haoran adopted a conservative investment method for most of the land in Dalian, Shenyang, Changchun, and Harbin, and tried to invest it by the government in the form of bonds, instead of selling the land to them completely.

"Yes, if you can, you can consider taking out part of the real estate in Dalian as a mortgage, in short, you don't need to consider the issue of interest repayment, as long as the interest is appropriate, you can boldly borrow, after all, ......"

After a pause, a smile appeared on his face, and Tang Haoran said solemnly.

"Now, there are many places to spend money! After all, now the Admiralty has been formed! (To be continued.) )