Chapter 437： Eastern Galicia Heavy Industry Zone (middle)

"Such a plan puts too much pressure on the government's finances, and it needs to cut the expenditures of other departments."

When Florica was incapable of being asked by Karaturi, the Chancellor of the Exchequer Albert revealed the biggest problem with his plan.

Yes, other people may not dare to say such a thing, but only the Chancellor of the Exchequer dared to say it. I saw him continue to say: "According to the Ministry of Finance's estimate, the revenue for the next fiscal year should be 2.6 billion lei."

This seems pretty good, enough to satisfy the plan that Karatuuri said. But the account cannot be calculated like this, there are too many places to spend money in Romania at present. Military expenditures accounted for 31%, and other public expenditures such as scientific research, education, medical care and other public expenditures accounted for not low proportions. Coupled with the investment in the new territory and other expenses, in fact Romania’s fiscal expenditure has long been higher than its income.

"We can issue government construction bonds, which can help us raise upfront capital."

In the face of financial opposition from the Chancellor of the Exchequer, Karatuuri can only use what he can think of.

"It's the issuance of bonds again. Don't you know that the government has issued enough bonds?"

Facing Karaturi's words, the chancellor Albert felt an anger rising from his heart.

He said this for his own reasons. This year, government bonds alone issued 800 million lei, and the Chancellor of the Exchequer Albert has already suffered from this. He has told the Prime Minister more than once that Romania’s finances have reached a warning line and the debt cannot be expanded. Moreover, the current domestic financial situation is not so good and the sales of government bonds are not high. In foreign countries, sales in New York are still good, and Romanian bonds in London and Paris are not selling well.

This is not to say that the 800 million lei government bonds make it difficult for him, the chancellor of finance. Instead, the scale of Romanian government bonds has reached 7.6 billion lei, of which more than half are long-term bonds of more than 10 years. Among these bonds, the long-term bonds from around 1910 have entered the stage of centralized exchange, so this is also the main reason for Romania's current financial constraints and the source of his troubles.

Seeing that almost everyone objected to Karaturi’s plan, Bretianu, as the prime minister, could not help but speak up at this time.

"Is there really no other financial solution to this funding?"

"At present, the Ministry of Finance really has no money, unless the size of the army is reduced and the equipment purchased from Germany is reduced."

The words of the Chancellor of the Exchequer Albert made the Prime Minister feel a little weak. Whoever mentions the method of reducing military expenditure will be unlucky, not to mention the current ups and downs of Eastern Europe and the newly acquired territory. The military, who has only been promoted to the two marshals, has a high spirits, and it is enough to face the military's anger. This proposal can only be dismissed.

As for the second proposal, it is even more blinding. Because this is the project that King Edel personally grasped, it is not easy to get money from the King. However, thanks to Edel's more sensible facts, as long as he can speak to his Majesty himself, it is easier to get support than to deduct money from the military leaders.

But even if the Minister of Finance gave two conditions, Prime Minister Bretianu wanted to see if there was any other way.

"Is there any other way, such as continuing to issue bonds, we can give higher interest rates."

Facing the Prime Minister’s inquiry, Albert, who was in charge of the money bag, immediately said bitterly: "Your Excellency, the interest rate on our bonds issued abroad is high enough. The 10-year bond yield has reached an annual interest rate of 6.27%. It is already very high among countries. At present, our bonds in the bond market are close to saturation, and if interest rates are raised, the pressure on the government will be very great. We must ensure that we will not be run down by due debt in the future."

The words of the Chancellor of the Exchequer gave the Prime Minister a bit of a headache because he supported Karaturi's plan. As the prime minister of a country, I can see the role of Karaturi's plan for Romania in the future, which is why he supports this plan.

And the words of the Chancellor of the Exchequer really embarrassed the Prime Minister. He knew that many people in the government were peeping at the Yellow River in His Majesty's hand. It's not that he didn't want the gold in the king's hands, he wanted to take out the others too. It's just that the money is too difficult to pay, and he is deeply opposed to it.

The last time I was able to get money, it was mainly because of the war, which was related to the triple interests of the military, the government, and His Majesty, so it was so easy to get money from the king. But now it is very difficult to get this money from your majesty, just for the reason of Juggernaut Heavy Industry Zone, which makes the Prime Minister a big head.

For this reason, he had to ask Karaturi: "Can this plan be smaller. At present, the government's other expenditures are too large and cannot be reduced. First, make a plan that is easy to pass, and then you will be able to get more financially comfortable. expansion."

Seeing that the Prime Minister was also talking about downsizing, Karatuuri cried out aggrieved. "Prime Minister, the current plan is the best for the economy and national strength, and many projects are completely unmovable. These are all closely related industries, such as oil extraction and chemical industry, steel smelting and equipment manufacturing. Moreover, the reduction of its scale will also affect the investment of funds. The effect is small. For example, infrastructure such as roads, hydropower, etc., it is impossible to reduce the funds invested in these early stages.

In addition, if the scale is small, the investment-to-benefit ratio will be quite uneconomical in the future. Moreover, the investment of these funds is also very beneficial to the stability of the local area, and will also play a leading role in the long-term stability of Romania in the future. "

What Karatuuri said made the Prime Minister even more headache. This finds that too many resources are also a problem, and the government completely lacks funds to develop them.

"I will think about it again."

The Prime Minister, who is difficult to choose, has chosen to postpone the discussion in the face of this difficult problem.

So the meeting to discuss the construction of the heavy industrial zone ended in this way, and the officials left the meeting place one after another. Karaturi can only pack things up, ready to go back to his department to discuss it again.

"Your Excellency Karaturi, wait a minute."

The Prime Minister was born at this time and stopped him.

When only the two of them were left, Prime Minister Bretianu sent the other staff members and then said: "Karaturi, there is one thing I want to tell you alone."

"Please speak up, Prime Minister."

"In this year's election, I want to dismiss the party chairman."

Karatuuri, who was completely unprepared, was shocked on the spot, he couldn't help but said, "Why?"

During the ten years when Bretianu was prime minister, Romania's domestic economy has been developed by leaps and bounds, and its scale has expanded by nearly three times. Talking about a huge new territory for Romania Although there are various other reasons for these credits, who can not ignore his role in it. Even now there are newspapers calling him the greatest politician of Romania, and Karatuuri’s previous thoughts of peeping at the position of the prime minister have long disappeared over time. It can be said that as long as he runs for the election this time, the position of prime minister will not escape his palm.

"The main reason is that I am a little tired and want to let go of this responsibility."

Facing the prime minister's remarks, Karatuuri did not believe it at all. As a politician, there must be other reasons for not wanting to be prime minister, but he will not keep asking. So he can only continue to say: "If you feel tired, you can take a long vacation first."

Listening to Karaturi’s comforting words, Bretianu could also say: “Well, I’ll take a vacation when I’m free. But I said it’s true. I haven’t been with my family for a long time with regard to the government that has been busy these years. I feel a little owed."

The conversation between the two ended here, but in Karatuuri, the desire for the position of prime minister emerged again. I can't figure out why the Prime Minister would say such a thing, but someone can definitely think of it.