Chapter 25: The Funding Crisis

Arthur set aside a week not only to give the newly elected cabinet members a little time to familiarize themselves with their positions, but also to give them access to and learn more about the country's data.

Among the eleven cabinet members, in addition to the original six governors, although the others also have official backgrounds, they do not have access to the data and information of the entire Australia, and naturally they do not know very well.

In such a situation, if they are immediately engaged in the work of the cabinet, they will also be like flies.

Therefore, it is better to give them some time to understand and adapt first, so that the Cabinet government can work better.

In the blink of an eye, the week passed quickly, and soon it was the day of the cabinet meeting that Arthur had spoken of.

The cabinet members were also very obedient, and they had already resigned from their jobs long before today.

It's just that because the state house elections in each state are different, the governorship of each state has to be held for the time being.

The familiar government building, the familiar conference room, but the number of people conducting meetings has dropped sharply from 199 to 12.

In the most central position, Arthur looked at the expectant crowd and said with a smile: "Everyone, after a week of understanding, you must have understood the basic situation in Australia. Now, we can officially start the discussion about Australia's development plan and let the country officially start on its path to rise. ”

"Let's talk about the situation of your respective departments and your ideas, and everyone can talk freely, as long as it is an idea that is conducive to the development of the country, everyone can put it forward and discuss it together." Arthur said with a smile.

Although Arthur has the soul of a traverser, he basically can't make mistakes in grasping the general direction of the country's development.

But as the saying goes, everyone gathers firewood and the flame is high, and more or less those who can be elected to the cabinet have some real skills, and some of the opinions put forward may not be thought of by Arthur.

"Let's talk about the Ministry of Finance, what is the current financial situation of our country? How much money is left in the country? Arthur looked at Treasury Secretary Roger Joseph Ebert and asked aloud.

As the so-called soldiers and horses have not moved, grain and grass go first. The same is true for the development of the country, and it is essential to ensure that the country has sufficient funds for development before formulating development plans.

Without sufficient funds, developing countries will be nothing more than empty talk.

"Your Highness, it's not ideal. Although the original six colonies are integrated into one country, our economy and various industries will also usher in a certain degree of growth. But for now, the government lacks funds and can only keep the government running. Roger Joseph Ebert shook his head and said with regret.

In the end, the time for Australia's integration is too short, and although the economy has developed a trend, it is impossible to get more fiscal revenue in a few years.

What's more, Arthur also reduced a large amount of taxes for Australians before, which also directly led to a decrease in the Australian government's revenue.

"How much money do you have on the books now?" Arthur asked, frowning.

After the colonial reform, the original independent development of each state tax collection was changed to the way that each state collected taxes, most of which was handed over to the government, and a small amount was used for its own use.

However, the tax has only been collected once so far, and because of Arthur's drastic tax cuts, the government tax revenue is only a little more than a million pounds.

Combined with other revenues, the Australian government's current total revenue is less than £3 million, and after deducting various expenses, the government's available funds are less than £2 million.

"Your Highness, after all the expenses have been deducted, there is just over £1.9 million available to the Government," said Minister Roger Joseph Ebert.

The reason why so much money is left is because the previous interim government of Australia did not do anything at all, so the expenditure was only to pay the salaries of government personnel.

But less than £2 million is undoubtedly a drop in the bucket for the development of Australia as a whole, and it is like a stone sinking into the sea, and it cannot make any waves.

Hearing Minister Roger Joseph Ebert say this, the crowd was in an uproar.

While everyone was thinking about their department's plans, Minister Roger Joseph Ebert's words undoubtedly poured cold water on everyone, and directly extinguished the plan that had not yet been born in their minds.

"Minister Roger, is this true? If the government only has such a small amount of development funds, it will not even be enough to buy equipment. "Prime Minister Evan was the most surprised one, during his tenure as Prime Minister of New South Wales, New South Wales had a tax revenue of up to two million pounds a year, how could it be that the consolidated government did not have even two million pounds?

"Of course it's true. According to our tax policy, if we want to get income, we have to wait until October this year. Roger Joseph Ebert nodded.

Everyone has looked at Arthur, after all, one of the main reasons for the lack of funds in the Australian government is because Arthur has drastically reduced taxes.

Now the meaning of everyone is very simple, since the government is in trouble, then it is up to Arthur, the ruler, to find a way.

"Alright, so be it! In the name of the Crown, I have lent £100 million to the government without interest, and I have lent the government £50 million at market prices for industrial equipment. In this way, the government does not have to buy industrial equipment from Europe at a high price, and can have sufficient funds for development. Arthur snapped his head and ended the awkwardness of the meeting.

Seeing that the government has funds and their plans are expected to be realized, everyone has the motivation to try to divide up a little more funds.

"Industry is the top priority, let's talk about the plan of the Ministry of Industry first." Arthur named Pierre Silvio Berlusconi.

Minister Pierre Silvio Berlusconi was not at all frightened, and stood up and said: "Your Highness, at present, our country's industrial development is very backward, whether it is basic industry or advanced science and technology industry, our country is very scarce. My suggestion is that at present concentrate on the development of basic industries, and relying on the minerals in the western part of our country, a large industrial base can be built. After the development of our basic industries, it is not too late to find ways to study those advanced science and technology industries. ”

At present, Australia's foundation is too weak, and it can't be a fat person in one bite.

Only by building Australia's relatively basic facilities and industries completely can we concentrate our efforts on studying those relatively advanced science and technology and industries and catch up with the footsteps of European countries.