Bulgarian Empire

Chapter 16. Fiscal Deficit

In fact, Kennedy is not really opposed to the sale of land. You must know that in addition to the land confiscated before, the government has also harvested a lot of land in the newly added territories.

There is already a lot of land in the hands of the Bulgarian government. Even if part of the land is sold, it can still be made up for with the development of new land!

But this involves the military, especially at the end of the Bulgarian War, when the government sold the land that provided military expenses, it was easy to create an illusion to the outside world that the Bulgarian government was suppressing the military!

Once this illusion is created, the political consequences are often disastrous! The militaries of the countries in the Balkans are not soft persimmons. Don’t look at the Bulgarian army seems to be very obedient now, it was all paid for by Ferdinand!

Now Bulgaria's annual military expenditure has tripled compared to before 1888, and it is much higher than the government's fiscal revenue at that time!

In fact, the military expenditure of the Balkan countries is almost never less than half of the fiscal revenue! On the surface, the Bulgarian government allocates only 20% of its annual military expenditures to its fiscal revenue; this is not even half of military expenditures. Accounted for the vast majority!

Now the Bulgarian government's annual income from the land and its surrounding areas is as high as more than 90 million levs, and before the cabinet sees the money, it throws it into the mouth of the gold-swallowing beast of military expenditure!

You must know that in 1893, the fiscal revenue of the Bulgarian government was only 164 million levs; in 1894, due to the impact of the war, the growth of fiscal revenue slowed down to only 172 million levs; in 1895, the war dividend was harvested, which stimulated economic development. The ministry optimistically estimates that revenues may cross the BGN 200 million mark.

However, military expenditures in 1893 were 134 million levs; when the war broke out in 1894, military expenditures reached 220 million levs; in 1895, it fell back to 147 million levs!

No way, this is still the compulsory military service system, otherwise the cost will increase by 20 to 30%!

This is still based on the premise that every division in Bulgaria is not satisfied with the number! The Bulgarian Army is anti-German, and each full-staffed division has more than 17,000 people.

Each of the six main divisions has only more than 7,000 people, and the military expenditure of each division is as high as more than 13 million levs; each of the six new divisions has more than 13,000 people, and each division has more than 700 levs Ten thousand levas; there are more than 8,000 guards, and the military expenditure is as high as more than 20 million levas!

The main reason why the new division is cheaper is that the soldiers are obliged to serve in the military, so they don't need to be paid, and the weapons and equipment are not as good as the main division, which greatly saves money!

Otherwise, the salary of more than 13,000 people will have to pay more than 10 million levs. Don't wonder why the salaries of soldiers are not high. Anyone who has been in the army knows that there are very few expenses in the army. The basic necessities of life are the responsibility of the army, and what you get is basically the actual income!

This is also the purpose of Ferdinand's enthusiasm for expanding the new division. It is entirely because the main division is too expensive, and Bulgaria can't afford it! As a last resort, Ferdinand could only choose to raise officers! The officer reserve of the Bulgarian army is now ready to be tripled in strength.

On the face of it, the minimum labor wage in Bulgaria is 75 Leva per month (about 3 pounds), but in fact, after deducting food, accommodation, and clothing expenses, workers can really get less than two-thirds of their wages. , If you meet a black-hearted boss, you may only get half of it!

This is the result of the government's intention to protect the vulnerable groups, otherwise the capitalists can kill the workers by relying on the loopholes in the contract!

The older capitalists are okay, they know that they have to pay attention to their faces, and the government keeps a close eye on them, and the media likes to conduct surprise attacks, and they dare not mess around for the sake of reputation.

The worst thing is the upstart small bosses, it is difficult to see the good qualities of the Bulgarians in them.

They caught one by one, and after the government cracked down, they turned to trap immigrants!

Constantine remained silent, trying to persuade the military to agree to sell the land under the government's banner. Unless the government agreed to increase the allocation ratio of military expenditures, the military would definitely not agree!

However, increasing the proportion of military expenditures in fiscal revenue will put the government at a disadvantage. The growth rate of income on the land is negligible, but the fiscal revenue of the Bulgarian government is growing at a high speed!

It is easy to increase the proportion of military expenditure, but it is difficult to lower it. There are not many other things in the Balkans, but there are many wars. If he wants to reduce military expenditures, Constantine doesn't think he can do it.

Those sitting here are all high-level government officials, and it is clear that Bulgaria's next strategic goal is the Ottoman Empire.

It is no problem to increase military spending in the short term. They are willing to allocate special military expenditures during wartime. But increasing the proportion of military spending for a long time is a headache.

You know, in order to reduce the proportion of military expenditures, the government's land, such a large piece of fat, was thrown out by the cabinet without hesitation before, just for long-term considerations.

Chekov thought for a while and said, This matter is too big, let's report it to the Grand Duke for a decision!

Everyone nodded. Now Ferdinand is in full swing in Bulgaria. On major issues, without his nod, it is impossible to pass.

Ferdinand, who worked hard in Sofia's palace and worked hard to create human beings, didn't know that trouble was coming again.

You must know that since 1892, half of the Bulgarian government's problems have come from finances!

It can only be said: There is absolutely nothing in this world without money!

Ferdinand deeply understood the essence of this sentence! Before time-traveling, he was a poor guy, and he ran around for money; after time-traveling, he became rich and powerful, and he thought he could get rid of the troubles of money, but he still had to work hard to earn money!

After becoming a king, he lived a few years of comfortable life, but he was worrying about money again, and there was still no end to worry!

After listening to Prime Minister Constantine's introduction, Ferdinand immediately knew that something was going to go wrong, and the Bulgarian government was short of money again! For the cabinet's suggestion, Ferdinand rejected it without hesitation!

In any case, the Ottoman Empire is about to be attacked, and the government cannot do anything that may damage the morale of the army!

Even if you want to sell the land, you can only consider it after the war is over. As for the government's lack of money, Ferdinand decided to make an idea on the French, and the name of the usury empire is not for nothing!

With the victory of the Bulgarian War, the international credibility of the Bulgarian government has been raised to another level. If it is not possible, the Russian Empire can also be asked to come forward to guarantee it!

The government's funding gap may be an astronomical figure for Bulgaria, but for the usury empire of France, it is a drop in the bucket.

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