Nan Ming Sun Never Sets

Chapter 242 The Financial Budget for the Seventh Year of Yongli
In Guangdong, Jiangnan and other places controlled by Nanming, the signs of prosperity have become more and more obvious.Due to the Nanming regime's series of actions to stimulate the economy, loosen ties and guide industry and commerce, coupled with land reform and supporting agricultural reform, Nanming achieved unimaginable economic success in the late Ming Dynasty.And all of this is just the result of Bai Mingxiu's training for a year.

In May of the 17th year of the Yongli calendar, the war had also subsided. The Ministry of Finance of the Legislative Council made a report on fiscal revenue, and Bai Mingxiu was quite surprised when he got it.From the 16th year of the Yongli calendar to the middle of the 17th year of the Yongli calendar, since Bai Mingxiu set foot on the Guangzhou mansion, Nanming's total financial revenue reached 700 million Mingliang.

This number may not seem huge, but considering that Bai Mingxiu has greatly reduced the land tax of various places, and he has controlled many of these areas for only a year or even less than a year, it is very shocking.

A decisive factor in the demise of the Qianming Dynasty was its financial difficulties. The fiscal revenue of the Qianming Dynasty was roughly 2000 million taels per year, with the peak in 1602, when it earned 2295.3 million taels.

That is to say, Bai Mingxiu earned 2700 million taels in a little more than a year in a few provinces in the south, even when land taxes were not collected at all in many places.And ordinary people basically didn't even feel the burden compared to the previous Ming and Manchu rule.

Of course, Bai Mingxiu has an Australia in his hands. After all, this is a very modern economy, but the Australian economy is unbalanced and deformed, with productivity but lack of circulation.

"Our main sources of fiscal revenue are now tariffs, industrial and commercial business tax, income tax, and the profits of state-owned enterprises. In addition, the confiscated assets of the Qing Dynasty, traitors, and hostile forces, because they involve a large amount of real estate and non-current assets, It is not included in our financial income." Tang Beilu explained to Bai Mingxiu.

Bai Mingxiu nodded. He still felt miraculous about this large sum of money.In fact, he is not a master who lacks money at all.He confiscated the family property of the Eight Banners in the south, plus various traitors and evil gentry in the south of the Yangtze River. He confiscated more than 3000 million taels of advanced assets alone, and there were more assets that were not easy to realize.

What's more amazing is that Bai Mingxiu confirmed with Li Dingguo and other former Daxi Army personnel many times, formed a treasure hunting team, and finally found the original site of "Jiangkou Shenyin" in Minjiang River, and unearthed a large amount of gold and silver treasures.

However, these things are still much smaller than the handwriting of the system.When he was in Myanmar, the system rewarded Bai Mingxiu with 100 million taels of gold, which was 300 tons of gold. Bai Mingxiu spent part of it, and part of it was reserved for gold.Later, Bai Mingxiu got a lot of gold from the system one after another. Now Bai Mingxiu can even use Goldfinger coins to exchange for gold in the system's exchange list, and now he holds more than [-] million taels of gold in his hand.

Bai Mingxiu really has no shortage of money.But there are too many places to spend money in the whole Ming Dynasty.

"Our budget for the next fiscal year will total 3000 million taels. Although there is a deficit, our national treasury has a sufficient surplus. From a certain point of view, it cannot be called a deficit. Among them, the Legislative Yuan will cover 200 million taels of military expenses. Two, accounting for 40.00% of the total fiscal expenditure, the second largest expenditure is education expenditure, which is 1000 million taels, administrative expenses are 800 million taels, and we still have more than 100 million taels of infrastructure funds.”

Bai Mingxiu sighed, and said, "The budget of 3000 million taels is not enough."

He is still a feudal agricultural country, but he has the heart of an advanced industrial country and even a communist power.In terms of military expenditures, 1000 and 20 million taels may seem like a lot, but Bai Mingxiu maintains an army of 200 troops and a navy with dozens of capital ships. Logistics costs, real ordnance purchases, and war funds are another channel for the money to go. In name, it is the "Daming Military Development Special Fund", but in fact it goes through Bai Mingxiu's system personal small treasury. 3000 million taels, and it is expected to invest another 1000 million taels in this special fund next year.

No matter how poor you are, you can't be poor in education, which is almost the consensus of any Chinese, not to mention that the current Ming Dynasty must be reborn, and education must keep up.After Bai Mingxiu spread out the local government, the next step is to carry out vigorous universal education and compulsory education. Primary and secondary schools should be established in all places, and universities should be established in major cities.After all, knowledge changes destiny, not only personal destiny, but also national destiny.

With 1000 million taels, it is almost impossible to establish universities, middle schools and primary schools, recruit teachers, print teaching materials, and even subsidize students in [-] southern provinces and municipalities directly under the Central Government.

So Bai Mingxiu's crooked ideas naturally hit the local tyrants, and he asked: "How is the local sponsorship of running schools going?"

Tang Beilu replied: "Basically, there is a charter. The current measure is to set up 'student funds' in various places to subsidize local schools in the township. Those who donate a lot of money will be given the right to name the school. But this may also bring a The problem is that regions with relatively developed economies get more resources, which creates regional imbalances and inequities.”

Bai Mingxiu shook his head and said: "Now is not the time to think about this issue, first to solve the problem, to cultivate the first generation of seed students, don't we still have the means of financial payment transfer, don't we have measures to force education, However, there are still ways to adjust.”

Bai Mingxiu said again: "There is another problem, that is, our infrastructure investment is a bit too low."

"There is no way around this, Your Highness. Our income is so much, but we still have a lot to invest in. We have already transferred the main responsibility of starting state-owned enterprises to the provincial, government and government. The central government doesn’t have much money to do these things. As for infrastructure, the Council of Economic and Political Affairs, the Ministry of Finance, the Ministry of Communications, and the Ministry of Industry have jointly developed a plan. We will take two measures to make up for this deficiency. One is to issue Bonds and treasury bonds related to infrastructure; the second is to introduce private capital, taking the form of capital investment, official endorsement, professional operation, and exit at maturity; the third is relatively simple, we directly borrow from commercial banks."

Bai Mingxiu is quite sure that these three methods are very good methods, but it is doubtful how much enthusiasm for buying national and infrastructure bonds. If he forcibly coerces private capital to purchase, it will help people make money and lose their share. As for the long-term Private investment is estimated to be semi-threatening in nature.It is easy to take the route of commercial bank loans, but the capital of the three main commercial banks in Daming is actually not that strong.

Bai Mingxiu observed Tang Beilu's expression, and cursed inwardly, "This guy, knows I'm rich, and wants to get money from me?"

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(End of this chapter)