Chapter 1143 Fiscal deficit
Wang Maoru looked at Zhang Zuolin's bright and bright eyes, and his heart was bright and transparent. Zhang Zuolin was a move to abandon his soldiers and protect his car. The army would inevitably undergo large-scale personnel adjustments next year. Zhang Xueliang's character and character are really not suitable for Wang Maoru's army's requirements. Wang Maoru asked for an army that is absolutely loyal to the national honor, and an army with himself as the core. All hidden dangers will be disintegrated one by one, including Zhang Zuolin's power.
Zhang Zuolin's choice to let Zhang Xueliang enter politics at this time actually saved his future and prevented him from becoming a victim in the personnel adjustment next year. Without Guo Songling's rebellion in this time and space, there would be no chance for Zhang Xueliang to turn the tide and show off. In several military operations in Shaanxi, Zhang Xueliang's performance was not satisfactory. Later, he also learned to smoke opium and soak up female stars, which made Zhang Zuolin very angry. In fact, Xiao Zhang is loyal, but he is definitely not as smart as Zhang Zuolin's long-term, otherwise the September 18th in the future would not appear, and the Northeast would not be thrown away so quickly.
Keeping an officer with only personal loyalty and impulse is a massacre of soldiers.
Wang Maoru could not have such a person become an army commander. That was an extremely irresponsible thing to his own army. Zhang Xueliang's voluptuous nature would be better to be a young man in the Republic of China. If he learns from the Qingyi Prince Yuan Kewen and goes into the cultural industry, wouldn't he be able to do anything like a fish in water?
Since Lao Zhang proposed that, Wang Maoru took the initiative to think of a job that was very suitable for Xiao Zhang, and he smiled and said, "Brother Seven, I hope Xiao Liuzi will go out to gain more knowledge. And according to his casual temperament, it would be good if he went to the Ministry of Foreign Affairs. Wang Jizeng, Chinese Ambassador to Mexico, completed his term in June this year, and has arranged for him to return to China to work in the Ministry of Foreign Affairs. But I don't know if Xiao Liuzi dares to be the plenipotentiary ambassador of Mexico. It is important to know that there is a headache in Mexico. Even Mexico has followed the United States to implement the Chinese Exclusion Act, where Chinese people need protection from the Chinese government. Xiao Liuzi's military background is so I have this consideration."
Zhang Zuolin thought for a while and hesitated a little. Was he asked Xiao Liuzi to go to Mexico? It was too far away, and the plane began to descend. Then he said: "Okay. It won't be possible for him to hang out with some erratic little stars. If he doesn't have the courage, he will not be my Zhang Zuolin's son."
After returning from the 11th Army, Wang Maoru was facing another headache. It was the financial report at the end of the year. Wang Maoru had previously postponed Fang Hongxin's report, but this matter would be faced sooner or later. The government with a fiscal deficit would be bloody every time.
Minister of Finance Fang Hongxin was not in a hurry this time. He knew that Wang Maoru was unwilling to see him, but he had to see him, and waited for Wang Maoru to summon him. Wang Maoru returned to the Presidential Palace and then asked him to see him. Fang Hongxin slowly came to the Presidential Palace, took out a dozen of thick information, sat in front of Wang Maoru, and said, "This is the general list of financial income and financial expenditures of the Government of the Republic of China in the previous year. Please check the president."
Wang Maoru said with a bitter face: "I have to read this thick book for days and nights before I can finish it. You might as well explain it to me. I don't need to be too detailed. What is too detailed is what your Ministry of Finance should do. Don't you want to exhaust me, the president, to death?" He smiled bitterly and said: "The sum of fiscal revenue, the sum of fiscal expenditure, the fiscal situation of the twelve ministries, and the financial review of the provincial governments."
Fang Hongxin immediately said: "Okay, this year's fiscal revenue mainly comes from relevant taxes, land tax, railway, commercial tax and resource sales. Since the recovery of tariffs, the trend of tariffs soaring, far exceeding the expectations of the General Administration of Customs. The total fiscal figure this year was 730 million silver dollars, fiscal expenditure was 840 million yuan, and fiscal deficit was 110 million silver dollars. Considering that my country uses paper currency, paper currency depreciation and inflation, the fiscal year of the Republic of China was extremely bad."
"It's only 100 million silver dollars, so little." Wang Maoru was happy instead.
Fang Hongxin said: "You should know that in the early years of the Republic of China, the Beiyang government's fiscal deficit was 100 million, so it had to borrow money from foreign banks. Fortunately, we borrowed money from domestic banks, which was equivalent to handing over the money from the left hand to the right hand, but we still needed to use gold and silver when paying to the outside world. Moreover, the international silver price has dropped seriously, and governments of various countries have announced gold standard monetary policies, which is a serious blow to our country."
Wang Maoru paused and said, "What do you mean is our country to carry out monetary reform?"
"Money reform must be implemented." Fang Hongxin said, "It's just not suitable for now. What we need to do now is to control the smuggling of silver into the country."
In fact, since the end of the European War, countries have announced that they have abandoned the silver standard and adopted the gold standard because of the lack of silver, which has caused inflation in countries with the silver standard. The central fiscal revenue has increased by 100 million silver dollars every year, which is largely due to nearly half of the countries’ announcement of abandoning the silver standard, resulting in a large amount of silver being secretly smuggled into China.
Fang Hongxin said again: "If you do not control silver smuggling, your fiscal revenue next year will definitely look more than this year, but the people will live a harder life and will deviate from your China's hunger-free policy."
Wang Maoru smiled bitterly and asked, "Is there nothing you can do about the Ministry of Finance?"
Fang Hongxin gritted his teeth and said, "There is a way to harm others and not benefit oneself. It may cause opposition in China and may also have an impact on the current exchange rate."
“What method?”
"Adjust the exchange rate between silver dollars and RMB." Fang Hongxin said, "Ensure that the RMB is strong. Starting from the People's Year, the exchange rate between RMB and silver dollars will be adjusted from 1:1 to 1:2. Force silver to depreciate and the state will store it to cope with the inflow of silver in the world. However, in this way, my country's exports will decrease and imports will increase."
Wang Maoru said: "Did you estimate how much damage this will cause to China's exports?"
Fang Hongxin said: "The results have not been estimated yet, but most of China's exports are raw products, such as rare earths, silk, etc., which are necessities for daily necessities in Western countries, so even if they are reduced, they will not be reduced too much. Moreover, China has been a self-sufficient country since ancient times. I believe that the stability of domestic demand is far more important than the increase in exports. First, solve the domestic economic problems, otherwise our country will become a deformed country where the country is rich and the people are poor, the government makes a lot of money, and the people are hungry to death."
Wang Maoru nodded and supported, saying, "Okay, your Ministry of Finance will carry out unified planning and implementation. At the same time, I will ask the customs and border defense to deploy and strictly prevent silver smuggling. All silver smuggling must be confiscated. For the emergence of ** people in the customs, a family joint seizure system is implemented. Officials cannot make money to talk to their families. If they commit crimes, their families will act like they are in charge of what they do."
Fang Hongxin was not concerned about the punishment. He saw Wang Maoru a little angry and comforted: "There were many exciting highlights of the finance last year, such as arms sales and foreign arms sales of up to 30 million silver dollars. However, the arms sales carried out in Iran, Afghanistan and other countries have greatly accelerated the renewal of our army. Most of the eliminated weapons were sold to neighboring countries' armed forces, Vietnam, Myanmar, Laos, East India, West India, North Korea and other places. Our civil-9 rifles and civil-9 tanks are also very good internationally, and Chinese-level industrial enterprises are slowly rising in the international arms market. Of course, the 36% defense budget is too large, so please cut it."
Wang Maoru smiled bitterly and said, "When I was the Minister of National Defense, you used this to block me. Are you still using this to block me?"
Fang Hongxin said stubbornly: "National development cannot be given priority to the military, and our China is not a military government."
"But the army has handed over the Smoking ban and the Railway Corporation." Wang Maoru said
Fang Hongxin shook his head and said, "President, the black transaction of the General Administration of Smoking ban will be banned sooner or later. Although China bans opium and sells opium abroad, opium is the tragedy of my nation after all."
"You are right." Wang Maoru said, "This is my fault. In the past, as a warlord, he only thought about making money without any means."
Fang Hongxin smiled and did not respond. The success of the warlord Wang Maoru was naturally inseparable from the opium business at that time, but it is not easy to get out now. He said: "Opium sales will stop by then, and the performance of the General Administration of Smoking ban will be greatly reduced." At this end, Fang Hongxin said at this time, "As for the Railway Corporation, it is indeed a big head, but it cannot make much money in the hands of the army. It is a good thing to hand over, because the railway will have to be replaced in the fifteenth year of the railway, and many railways will have to be replaced in a few years. At that time, the railway will not make money. If there was no war around China in the 13th year of the Republic of China, there would be no need for so many fiscal budgets. Don't forget, the 5% education budget you promised!"
Wang Maoru smiled bitterly and said, "Okay, I'll think about it. You can discuss with various departments and prepare the national budget for next year. I, the president, are really poor."
Seeing him frowning, Fang Hongxin smiled and said, "President, let's take a look at everything. Isn't there a lot of unexpected money this year? For example, selling medicines and folk medicinal materials are ways to increase private wealth. It can be seen that the government is poor this year, but the people are rich, and the workers are rich, so everyone has a good New Year."
Wang Maoru smiled and said, "What you said is that the people are rich, the country is poor and the people are rich. I, as the president, face such a big problem."
Fang Hongxin suddenly thought of a question and said: "Today several banks have reported that some large consortiums are transferring wealth to foreign countries, and the president is also asking them to pay attention."
Wang Maoru said angrily: "I made money in China and moved abroad. It was really fucking that the whole world was unobstructed. In this way, we need to improve China's customs more. After the New Year, I will propose a tax bill, immigration tax, and immigrants abroad need to pay 60% of their personal assets as national welfare."
Fang Hongxin shook his head and smiled bitterly: "Is this possible? There are many tax evasioners."
Chapter completed!