Rise of Australia

Chapter 25 Capital Crisis
The week Arthur reserved was not only to give these newly elected cabinet members a little time to familiarize themselves with their positions, but also to give them time to get in touch with and gain an in-depth understanding of all aspects of the country.

Among the eleven cabinet members, except for the original six governors, although others have official backgrounds, they do not have the authority to access the data and information in the whole of Australia, and naturally they do not know very well.

Under such circumstances, let them immediately devote themselves to the work of the cabinet, and they will turn around like flies.

Therefore, it is better to give them a period of time to understand and adapt, so that the cabinet government can work better.

In a blink of an eye, a week passed quickly, and soon came the day of the cabinet meeting that Arthur said.

The cabinet members were also very obedient, and they had already resigned from their jobs long before today.

It's just that because of the different state elections in each state, the original governorship of each state has to be temporarily held concurrently.

The familiar government building, the familiar meeting room, but the number of people conducting meetings has dropped from 199 to 12.

In the most central position, Arthur looked at the expecting crowd and said with a smile: "Everyone, I think you have already understood the basic situation of Australia after a week of understanding. Now, we can officially start Discussions about Australia's development plan officially begin the country's rise."

"Let's talk about the situation of your respective departments and your ideas first. Everyone can speak freely. As long as they are ideas that are beneficial to the development of the country, everyone can put forward and discuss them together." Arthur said with a smile.

Although Arthur has the soul of a time traveler, he can basically make no mistakes in grasping the general direction of the country's development.

But as the saying goes, everyone gathers firewood and makes a lot of flames. More or less those who can be elected as cabinet members have some real skills, and some opinions put forward may not be expected by Arthur.

"Let's talk about the Ministry of Finance first. What is the current financial situation of our country? How much money is available for the country?" Arthur looked at the Minister of Finance, Roger Joseph Ebert, and asked aloud.

As the saying goes, before the soldiers and horses move, the food and grass go first.The same is true for the development of the country. Before formulating various development plans, it is very necessary to ensure that the country has sufficient development funds.

Without sufficient funds, developing a country is just empty talk after all.

"Your Highness, it's not very ideal. Although the original six colonies are integrated into one country, our economy and various industries will also usher in a certain growth rate. But for now, the government's funds are relatively lacking, and we can only Keep the government running." Roger Joseph Ebert shook his head and said regretfully.

In the end, the time for Australia's integration is too short. Although various economies have developed trends, it is impossible to obtain more fiscal revenue due to this within a few years.

What's more, Arthur also reduced a large amount of taxes for Australians before, which directly led to a reduction in the income of the Australian government.

"How much money is on the books now?" Arthur asked, frowning.

After the colonial reform, the original tax collection by each state was changed to the state collection tax, most of which was handed over to the government, and a small amount was used for its own use.

However, so far, only one tax has been collected, and because of Arthur's substantial tax reductions, the government's tax revenue is only more than 100 million pounds.

Including other incomes, the current total income of the Australian government is less than 300 million pounds. After deducting various expenses, the available funds of the government are already less than 200 million pounds.

"Your Highness, after deducting all expenditures, the government has only just over £190 million of funds available," said Minister Roger Joseph Ebert.

There is still so much money left because the previous interim Australian government did nothing at all, so the expenditure is only to pay the salaries of government personnel.

However, the funds of less than 200 million pounds are undoubtedly a drop in the bucket for the development of Australia as a whole, and it is even like a stone sinking into the ocean, unable to make any waves.

Hearing what Minister Roger Joseph Ebert said, everyone was in an uproar.

When everyone was thinking about the plans of their own department, the words of Minister Roger Joseph Ebert undoubtedly poured cold water on everyone, directly destroying the plans that had not yet been born in their minds.

"Minister Roger, is this true? If the government only has so much development funds, it's not even enough to buy equipment." Prime Minister Evan was the one who was most surprised. During his tenure as Prime Minister of New South Wales, New South Wales The tax revenue of the government is as high as 200 million pounds. How come the integrated government funds do not even have 200 million pounds?
"Of course it is true. According to our tax policy, if you want to get income, you have to wait until October this year." Roger Joseph Ebert nodded.

Everyone turned their attention to Arthur. After all, one of the main reasons why the Australian government is short of funds is that Arthur has greatly reduced taxes.

Now the meaning of everyone is very simple. Since the government is in trouble, it is reasonable for Arthur, the ruler, to find a way.

"Okay, let's do this! In the name of the royal family, I will borrow 5000 million pounds from the government without interest, and then provide the government with [-] million pounds of industrial equipment at market prices. In this way, the government does not need to buy industrial equipment at high prices from Europe. There can also be sufficient funds for development." Arthur made a final decision, ending the embarrassment of the meeting.

Seeing that the government has funds and their own plans are expected to be realized, everyone has the motivation to try to divide up more funds.

"Industry is the top priority. Let's talk about the plan of the Ministry of Industry first." Arthur named Pierre Silvio Berlusconi.

Minister Pierre Silvio Berlusconi stood up and said, "Your Highness, the current industrial development in our country is very backward. Whether it is basic industry or advanced technology industry, our country is very scarce. I My suggestion is to focus on the development of basic industries at present, relying on the mineral resources in the west of our country, we can build a large industrial base. After our basic industries are developed, it will not be too late to find ways to study those advanced technological industries.”

To put it bluntly, Australia's foundation is too weak at present, and it cannot become a fat man even if it takes one bite.

Only when Australia's relatively basic facilities and industries are fully constructed can it concentrate its efforts on researching those relatively advanced technologies and industries, and catch up with European countries.

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(End of this chapter)