My Italian: Chapter 565 Borrow to buy food

"Your Majesty, you are looking for me."

"Yes, Lord Aldini, I do have something I want to ask"

After inspecting Florence, Carlo, who had a preliminary understanding of the situation, approached the Minister of Finance.

"It's Aldini. I heard that the Ministry of Finance has cut the budget of the Food Reserve Bureau in half this year. I don't know what the Ministry of Finance thinks?"

Unlike other ministers, Carlo has always attached great importance to the Minister of Finance in front of him. Although the chancellor of the exchequer is not difficult to choose, it is really difficult if you add the two points of satisfaction and reassurance to him. Ability alone is not enough, but Carlo's approval is also needed.

It can be said that the position of Italian Finance Minister is more demanding than other ministers and prime ministers. Otherwise, Carlo would not have caught Teiera and used it alone for more than ten years without changing the prime minister. If it weren't for the fact that the other party really didn't want to do it, Carlo didn't plan to change.

This shows the importance of the position of Minister of Finance in Carlo's heart. For this reason, there is a political joke in Italy that the Minister of Finance is the second in command of the government because he can connect the government, the king and the military.

Of course, this is just a joke, but it also proves that some views of the position in the political circle, at least one point is that the attitude of the confirmed king is different.

Although he was treated specially, Aldini didn't think it was a good thing. So after Carlo asked, he immediately answered. "Your Majesty, the reduction of the budget of the Food Reserve Bureau is also because it was not necessary to guarantee the military expenditure before. All departments have reduced their own budgets, and the budget of the Food Reserve Bureau is too high, so it has also been discussed. reduce."

Well, Carlo understood what Aldini meant. This is because all departments are reluctant to lose too much in their own department's budget, so after looking around, I found that there is another department that my grandma doesn't love and my uncle doesn't love, so let you be more tolerant.

Regarding Aldini's words, Carlo didn't know what to say. If there is a mistake, it is for business, and it seems that there are still many people who don't know enough about the Food and Material Reserve Bureau, even now.

In fact, speaking of it, Carlo himself was to blame. At that time, it was under his extreme pressure that Italy's grain reserves began to grow on a large scale.

As a result, the originally agreed reserve of 3 million tons has exceeded 6 million tons along the way. But until now, we still need to continue to buy grain, not to mention the cost of personnel and places to manage and reserve grain, how much the 6 million tons of grain alone are worth. This is food worth more than 500 million lire, enough to feed the entire Italian population for seven months.

If this money were given to other departments, it would have been able to do a lot of things, not only to increase government revenue, but also to promote economic and social development. And to buy food, it can only be stored there, and it needs to spend money to protect other losses.

That's right, for the ministers of the government, who can remain indifferent to seeing a large amount of budget being used to purchase food every year.

I can still bear it for the past two years, and it has been eleven or twelve years. If it weren't for Carlo's high prestige, they would have been arguing long ago.

And now, because of the name of reducing the government budget, the ministers who have long disliked him, can't they use this to make him suffer dumb.

So it’s still for the sake of the king to cut half of it. If it’s their decision, what’s the point of stockpiling such food? Keep a month or two for yourself, and sell the rest slowly.

Carlo was well aware of the hidden loss suffered by the Food Reserve Bureau. It now appears that it will not be possible to restore the cut budget of the Ministry of Finance.

Although Carlo can do this, and the Minister of Finance will not refuse, this is undoubtedly stirring up the nerves of other ministers and increasing the government's dissatisfaction with him. Carlo is not a fool, how could he do this.

But food procurement must continue, which is related to the future war.

After thinking for a while, Carlo spoke. "Aldini, what if the kingdom issues another debt?"

"Your Majesty, do you know how much debt you plan to issue?"

"How about five hundred million lire?"

After hearing the king's words, Aldini's heart tightened. He basically knew what the king was going to do. But he could say nothing, and could only answer the king's questions.

"Your Majesty, if it is to issue 500 million lire national bonds, I suggest that you should choose New York. However, if you go to New York, you will be exploited by those securities dealers in Manhattan, but at least it is safe and fast. If you are in Paris or London, with our country and There will definitely be a lot of trouble in the relationship between Britain and France."

Aldini's suggestion is very reasonable. Although Europe is closer to issuing national debt, in terms of the relationship between Italy and Britain and France, if Italy dares to issue national debt in the Paris or London stock market, it would be a magnanimity of the two countries for a small punishment. . Don't say that the capital market is free and open, it's only because you didn't mess with him.

Otherwise, let you know in minutes what it means to make you lose a sum of money reasonably and legally. (To put it bluntly, I was disgusted by the British guy's attitude towards Chelsea)

"In addition, our country has issued a lot of national bonds in recent years. If we want to continue to make people want to buy them, we will have to raise the interest rate a little bit."

It's ridiculous to say that the Italian government has always wanted to reduce the scale of its national debt, but over the years, the scale of its national debt has nearly doubled to 11.37 billion lire.

And this money is basically brought by borrowing and repaying. Isn’t the scale of debt going up if you borrow more and pay less? Of course, with so many national debts borrowed, Italy's economic strength has grown rapidly, which also makes debtors not worry about Italy's ability to repay its debts.

Of course, given the current scale of debt and the tense situation in Europe, even if the Italian economy is doing well, its interest rate will definitely not be lowered~www.mtlnovel.com~ It would be good to have some borrowing. The current tense situation in Europe has made European countries Bonds are not very easy to sell.

"About the interest rate, as long as it is not too high. Next, your Ministry of Finance will issue a 500 million national debt, and your Ministry of Finance will draw up the name. Your Ministry of Finance should not touch this money. I will keep it for great use. .”

Carlo can only accept Aldini's question of raising interest rates. However, Carlo has not fully considered the payment of this national debt.

But one thing is certain, most of this money will flow into the funds of the Food Reserve Bureau. It is the most important thing to let Italy reserve a year's worth of food.

Aldini, who received Carlo's instructions, acted quickly. After one and a half months, a new ten-year Italian national bond was listed on the New York Stock Exchange, and Morgan Bank was in charge of selling it. With the help of the Morgan consortium, the Italian national debt was sold very quickly, and it was emptied in just one month.

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It's late today, I'm tired and went to rest

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