Above the Pirate King

Chapter 650 Year-End Financial Report
Dawn breaks.

Kingdom of St. Martin, the palace hall!

Arthur sat on the throne.

"See His Majesty the King!" All the ministers knelt on one knee.

"Excuse me!" Arthur waved his hand.

"Thank you, Your Majesty!" The ministers stood up.

"What's the matter today?" Arthur said lightly.

"Report to Your Majesty, this year's financial report is out!" Ishihara Qiansaburo took a step forward, walked out of the crowd, and bowed to report.

"Say it!" Arthur said in a deep voice.

"Yes! Your Majesty." Ishihara Qiansaburo nodded, and said seriously: "Because the newly established territory of the Kingdom is too large, the branches are scattered, and the internal accounts of each kingdom are relatively chaotic, and the Ministry of Finance is somewhat insufficient, so we are still temporarily closed. The following financial reports are all from St. Maarten this year!"

Having said that, he paused before continuing, "This year's total national income is 910 billion St. Maarten coins! Compared with last year, it has increased by 5000%!"

As St. Maarten develops better and better, although the income has been increasing, the proportion of the increase is also decreasing. Compared with last year, this year's 50.00% is about [-]% less growth!
However, looking at this income, Arthur is still very happy. Although the growth rate is low, the base itself is large!
30 billion increased by 600%, how could it be better than 50.00 billion increased by [-]%?
"Among them, military expenditures include military wages, ordnance production, military logistics, military benefits, etc., which add up to about 620 billion St. Martin coins!"

The military expenditure has increased by nearly four times compared to last year. The main reason is that this year's army is fighting non-stop, and as soon as the war wears off, the death in battle, the consumption of ordnance, etc. will come up, causing the expenditure to skyrocket!
Of course, this sharp increase in expenditure is relative to the fact that more territory of the kingdom has entered the pocket of Saint Martin, so Arthur is still willing to pay for this expenditure!
"The expenditure of the Ministry of Industry, including infrastructure construction in various places, road repairs, and scientific research expenditures of the Academy of Sciences, etc., is about 150 billion St. Martin coins!"

Although the expenditure in this area is also very large, it is just normal. It is about 50.00% more than last year, and it has not skyrocketed to the point of exaggeration!

However, next year will be different!

With the skyrocketing growth of the kingdom's territory, next year these expenditures, especially infrastructure construction, road repairs, etc., will definitely skyrocket to a terrifying place!

"The royal family's income is 91% of the country's total income, which is 500 billion St. Martin coins!"

This aspect is fixed, so there is nothing to say!

"To sum up, the total expenditure this year is 280 billion St. Maarten coins, and the surplus is negative 3000 billion St. Maarten coins. Adding the surplus of previous years, the remaining money in the treasury is 370 billion St. Martins Martin coins, and 8000 billion Bailey reserves!"

After decades of hard work, I will return to before liberation!

With various expenditures this year, especially the surge in military expenditures, not only is there no money left this year, but even 30% of the surplus from previous years has been spit out. As a result, only more than 1000 billion St. Maarten is left in the current treasury. Coins, and more than [-] billion Baileys!

Well, that still seems like a lot!

If it were changed to a normal kingdom, then the money, even if a kingdom does not eat, drink or spend for more than ten years, it is possible to save it, but it is really nothing in St. Martin!
As long as some more infrastructure is built this year, it will basically be over!
"Okay!" Arthur said with satisfaction, and then said, "Is there anything else?"

"Report to Your Majesty!" Lelis stood up and said, "As for the remaining troops of the kingdom, we have completely incorporated them. Willingness to be arranged to go home to farm and outside various grassroots!"

"Others we selected again and again, and selected those who were stronger, obeyed orders, or had special abilities, and reorganized them into the navy and army!"

"Currently, the navy has added ten fleets, and the army has added six legions, adding more than 20 soldiers in total!"

The army of more than 30 kingdoms is far more than these people!

However, most of them were temporarily recruited before the kingdom's demise, so in the process of reorganization, there was a big shrinkage, shrinking the original hundreds of thousands of troops to more than 20 now!
And these 20 more are the elite of the remaining armies of those kingdoms. As long as they train more, it is only a matter of time before they catch up with the St. Martin's army!

Speaking of this, Leilis said with some hesitation, "However... in terms of ordnance, there is a big gap!"

This is also normal!

The army of 20 is about [-] to [-]% more than all the troops of St. Maarten before. It is impossible for a normal kingdom, even St. Maarten, to have so many ordnance reserves!

What's more, there were wars before?

The consumption of ordnance in a war will be even more!

Arthur thought for a while and said, "Take out all the original ordnance reserves, and then let the people in the ordnance factory step up production and fill them up as soon as possible!"

"Yes!" Leiris nodded and returned to his seat!

And just after he went back, Ishihara Kensaburo stood up again and said, "Your Majesty, this year's financial expenditure is negative. Now the remaining money in the treasury is only enough for the kingdom to run for six months without spending anything. At this time, if we let the ordnance factory produce it, there must be no money to produce it!"

Arthur wasn't very worried about this problem!

He knew it long ago, and he had already thought of a solution in his heart!
"I know that there is no money in the treasury now! But it doesn't matter, you first borrow 300 billion St. Maarten coins from the Royal Bank in the name of the kingdom to support the normal operation and expenses of the kingdom, and then let the Ministry of Commerce get us out of there as soon as possible." The gold, silver, jewelry, antique jewelry and other things seized by more than 30 kingdoms have been realized!" Arthur said seriously.

Although the kingdom has no money, the royal bank has a lot of money!

As the issuing bank of the national currency, the royal bank under Arthur's name has never been short of money, and even makes a lot of money every year!
However, even if both the kingdom and the royal bank belong to him, he still needs to be clear about the money. Even if the kingdom is out of money, Arthur can't just take money out of his own pocket to make up for it, otherwise It will throw the kingdom's finances into chaos!
And the kingdom is not really without money!

Although the cash of nearly one trillion Baileys seized by the more than 30 kingdoms has allowed him to be allocated to the sites where more than 30 kingdoms are located, to support the operation and infrastructure construction of these new sites, and to revive the economy of these new sites!
But those gold, silver, jewelry, and antique jewelry worth more than seven trillion Baileys have not yet been realized!
If these are realized, the kingdom will be rich again!

In addition, there are many ore resources such as gemstones, gold, iron, etc. on those new income sites, which can produce nearly [-] billion Baileys every day.

Although these things minus the cost, transportation fee, minus labor, and minus the depreciation after mass production, etc., the actual net income is about 30 billion Baileys, but it is also terrifying!

This is daily!
As long as you persist for a while, these alone will be worth most of the money needed for the development of the kingdom!

"Okay, Your Majesty!" Ishihara Qiansaburo agreed again, then turned and returned to his seat!
Next, people from various departments also stood up and reported the affairs of their departments this year.

During the discussion and processing, it was not until late at night that the year-end summary meeting gradually came to an end!
(End of this chapter)