"Your Majesty, you look for me."

"Yes, Lord Aldini, I do have something I would like to inquire about."

Carlo, who had a preliminary understanding of the situation during his tour of Florence, approached the Chancellor of the Exchequer.

"That's the case Aldini, I heard that the Ministry of Finance has cut the budget of the Food Reserve Bureau in half this year, I wonder what the Ministry of Finance has in mind?"

Unlike other ministers, Carlo has always valued the Chancellor of the Exchequer in front of him. Although the Chancellor of the Exchequer is not difficult to choose, it is really difficult to add two things that can satisfy him and reassure him. It's not enough to have the ability, you also need Carlo's approval.

It can be said that in the position of Italian Minister of Finance, the requirements are higher than those of other ministers and prime ministers, otherwise Carlo would not have caught Tejera alone for more than ten years, and the prime minister did not change him. If it weren't for the fact that the other party really didn't want to do it, Carlo didn't plan to change people.

This can see the weight of the position of Chancellor of the Exchequer in Carlo's heart. There is also a political joke in Italy that the chancellor of the exchequer 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 that some of the views of the political circles on the office, at least one thing is confirmed, the attitude of the king is different.

Although he was given special treatment, Aldini didn't think it was a good thing. So as soon as Carlo asked, he replied. "Your Majesty, the reduction of the budget of the Food Reserve Bureau is also because it was not necessary to ensure the expenditure of military spending before, and all departments have reduced their own budgets, and the budget of the Food Reserve Bureau is too high, so it has also been reduced after deliberation."

Well, what Aldini meant, Carlo understood. This is because all departments are reluctant to lose too much of their department's budget, so after taking a look around, I found that there is a department that is so grandma and uncle don't love, so let you take care of it more.

Carlo didn't know what to say about Aldini's words. If there is a mistake, it is all for official business, and it seems that many people do not know enough about the Food and Material Reserve Bureau, even now.

In fact, it's also Carlo himself to blame. It was under his strong pressure that Italy's grain reserves began to begin on a large scale.

As a result, the original reserve of 3 million tons has exceeded 6 million tons along the way. However, it is still necessary to continue to purchase grain, not to mention the cost of managing the personnel and sites for grain reserves, how much is the 6 million tons of grain worth alone. That's more than 500 million lira worth of food, enough for the whole of Italy to eat together for seven months.

If this money had been given to other departments, it would have been able to do too much long ago, not to mention increasing government revenue, and promoting economic and social development. And if you use it to purchase food, you can only store it there, and you need to spend money to protect it from other losses.

That's right, for the ministers of the government, who can remain indifferent to the fact that every year a large amount of the budget is spent on food procurement.

I can still endure it in the past two years, but it's been eleven or twelve years. If it weren't for the high prestige of Kahl, they would have made a fuss.

And now, because of the name of reducing the government budget, the ministers who have long looked at it unpleasantly, can't they take advantage of this to make them suffer a dumb loss?

Therefore, it is still for the king's face to cut half of it, if they are the masters, why do they reserve such food, keep the amount for a month or two, and slowly sell the rest.

Carlo knows this dark loss that the Food Reserve Bureau has eaten. Now it seems that it will not be possible to get the Treasury Department to restore the cut budget.

Although Carlo can do this, and the chancellor of the exchequer will not refuse, it is undoubtedly stirring the nerves of other ministers and increasing the dissatisfaction of the government's side with him. Carlo wasn't stupid, how could he do that.

But food procurement must continue, and this is at stake in the future war.

Carlo thought for a moment before he spoke. "Aldini, what if the kingdom issues another debt?"

"Your Majesty, I don't know how much debt you plan to issue?"

"How about 500 million lira?"

As soon as he heard the king's words, Aldini's heart tightened, and he basically knew what the king was going to do. But he could not say anything but answer the king's questions.

"Your Majesty, if it is to issue 500 million lira bonds, I suggest that it is better to choose New York. Of course, going to New York is going to be exploited by the dealers in Manhattan, but at least it's safer and faster. If we were in Paris or London, with our relations with Britain and France, there would certainly be a lot of trouble. ”

Aldini's suggestion is very reasonable, although the issuance of government bonds in Europe is closer, but in terms of the relations between Italy and Britain and France, Italy dares to go to the Paris or London stock markets to issue government bonds, so small punishment is the generosity of the two countries. Don't say that the capital market is free and open, it's because you didn't provoke him.

Otherwise, let you know every minute, what is reasonable and legal to make you lose a sum of money. (To be clear, it was disgusted by the British Yankees' eating appearance against Chelsea)

"In addition, there have been a lot of treasury bonds issued in China in recent years, and if you want to continue to make people want to buy, then you will have to mention a little bit in the interest rate."

It is also ridiculous to say that the Italian government has been trying to reduce the size of the national debt, but over the years, the size of the national debt has nearly doubled to 11.37 billion lira.

And this money is basically brought by borrowing and repaying, and the scale of borrowing more and repaying less debts is not going up. Of course, by borrowing so many national debts, Italy's economic strength has grown rapidly, and the debtors are not worried about Italy's ability to repay its debts.

Of course, given the current scale of debt and the tensions in Europe, even if the Italian economy is good, its interest rates will certainly not be lowered. It's good to be able to borrow, and the current tensions in Europe make it difficult to sell the bonds of European countries.

"As for interest rates, as long as they don't get too high. Next, your Ministry of Finance will issue a 500 million treasury bond, and in what name will your Ministry of Finance draw up. Don't touch this money from your treasury, I'll keep it for a long time. ”

As for Aldini's question of raising interest rates, Carlo can only accept it. However, the amount of this national debt, Carlo has not fully considered.

One thing is for sure, though, that most of this money will go into the Grain Reserve Bureau's funds. Keeping Italy stockpiled for a full year is the most important thing.

Aldini, who received Carlo's instructions, acted quickly, and a month and a half later, a new 10-year Italian government bond was listed on the New York Stock Exchange, which was sold by Morgan Bank. With the help of the Morgan consortium, the Italian government bond was sold very quickly, and it was emptied in just one month.

------Off topic------

It's late today, and I'm tired and resting