"You are an expert in this area, just run it.

Oh, bonds. Are we going to issue bonds again?" Li Xiao suddenly noticed the bonds mentioned by Ai Husheng.

"There's nothing you can do, Commander!

Tax rates have never been raised, and everything in Europe is in ruins. People are desperately poor, and their purchasing power will not increase for a while.

Moreover, Germany is now very resistant to us.

Not only do the customs make things difficult for their goods, they also don't allow our banks to do business with them.

The most important thing is that they now occupy England, France and Germany, which are the richest places in Europe.

Without those markets, our factories can only rely on domestic demand, and profits are really limited."

Ai Husheng was also helpless. He had tried his best to support Ming Dynasty's finances over the years.

For a person who is just over 50 years old, his hair and beard are already whiter and less black, making him look as if he is eighty years old.

"Always issuing bonds is not an option." Li Xiao was also helpless.

He knows that issuing bonds is like drinking poison to quench thirst. After all, bonds have to be repaid.

“But now the imperial court’s deficit is too big!

I originally thought that after the war was over, the military industry could stop for a while.

But...!" Ai Husheng glanced at Li Xiao. Seeing that Li Xiao was silent, Ai Husheng said again: "There is also a lot of money spent on military research and development. The Jinzhou Research Institute's funding has been reported to be more than 20 million silver dollars this year.

, an increase of one million from last year.”

Ai Husheng could no longer tolerate the Jinzhou Research Institute. Spending money was like running water, like a bottomless pit.

I sent someone to check the accounts, but they didn't even get in.

Xu Ermo said forcefully: "These are confidential projects. If you want to investigate, you can!"

Get a warrant from the commander-in-chief, and someone from the Supervision Department must be present."

Ai Hu was so angry that he had to approve silver coins to the Jinzhou Research Institute.

There was no way, Li Xiao made a special request. The Jinzhou Research Institute’s research funding would be approved as much as it was reported, without any delay.

Over the years, Ming Dynasty has invested almost 300 million silver dollars in the Jinzhou Research Institute.

You know, the current annual income of the Ming Empire is only more than 90 million silver dollars.

The remaining money comes from the empire's state-owned workshops and overseas trade.

The most direct one is customs clearance, which amounts to more than 40 million silver dollars every year.

The amount seemed large and large, but if it really cost the huge Ming Empire, the money seemed a little insufficient.

In addition, in recent years, the Ming Dynasty not only began to build roads and railways internally, but when internal construction was in full swing, the commander-in-chief actually went to war with the Europeans.

Domestic projects cannot be stopped just by stopping.

And foreign wars are a huge expense.

Last year alone, Ming's military expenditure surged by more than 50 million silver dollars.

If it weren't for the issuance of war bonds, this life would not be possible at all.

Now that the war is over, I originally thought about war reparations. But France and Britain, one was beaten to pieces, and the other was emptied by the Ming Dynasty using prisoners of war and weapons.

This money can only replenish part of the losses in the Ming Dynasty's treasury!

Now, Ai Husheng just wants the Jinzhou Research Institute to reduce its research funding as soon as possible.

In this way, there will be live money in the account of the Ministry of Revenue instead of being stretched as it is now.

"The Jinzhou Research Institute's money will still be allocated according to the quotation, and not a single silver dollar should be less.

The affairs of the household department are left to you. If you want to do it well, there are two things: increasing revenue and reducing expenditure!

The tax rate will not be increased. This is a good way to hide wealth from the people. I absolutely cannot increase taxes!

Otherwise, if you add one silver dollar here, the people below will dare to accept ten. In places with high mountains and far away from the emperor, they will dare to accept a hundred.

All they need is a starting point.

Li Hao has discussed a plan with his staff, which is to take the lead of the imperial court to demolish the old houses in the old city and build new buildings together.

The profits here are very high, and it is enough to drive upstream and downstream industries.

Just like building a house requires sand and cement, but once the house is built, it also needs decoration, furniture and other things. These are all superficial.

Our bank can also provide loans to individuals. It can lend money to individuals to buy a house, and the person who buys the house does not have to pay a one-time payment for the house.

You only need to pay a down payment of 30%, and the remaining money can be paid back every month.

You can repay it in ten years, twenty years, or thirty years. Of course, the longer the time, the more interest you will get.

This is a good business, and when private businessmen see the profits, they will enter this industry!

At that time, I will be able to receive a lot of money just from auctioning the land."

"Commander...! This land is sold, from now on...!" Ai Husheng was shocked. Once all the land was sold, he would get money, but it would be a one-time thing.

"Li Hao and his staff have studied it and found out that these lands collect some taxes every year and evenly distribute them to each household, but there is not much money.

You go and discuss with Li Hao how to collect the law specifically."
Chapter completed!