Romanian Eagle

"Such a plan would put too much pressure on the government's finances, which would require cutting spending in other sectors."

When Florica was unable to speak when asked by Caraturi, Chancellor Albert spoke out about the biggest problem with his plan.

Yes others may dare to say such things, and only the Chancellor of the Exchequer dares to say so. I saw he continued: "According to the current estimates of the Ministry of Finance, the revenue for the next fiscal year should be 2.6 billion lei."

This seems to be good enough, enough to meet the plan that Caraturi said. But the account can't be calculated like this. There are too many places where Romania needs to spend money. Military spending accounts for 31%, and other public expenditures such as scientific research, education, and medical care account for a relatively high proportion. In addition to spending on new territories, in fact, Romania's fiscal expenditure has already exceeded its income.

"We can issue government construction bonds, which can help us raise capital up front."

In the face of financial opposition from the Chancellor of the Exchequer, Caraturi can only use the methods he can think of.

"It's issuing bonds again. Don't you know that there are enough bonds issued by the government at present?"

In the face of Caraturi's words, Chancellor Albert felt a surge of anger welling up in his heart.

He has his own reasons for saying this, with 800 million lei issued in government bonds alone this year, and Chancellor Albert is already devastated. He has told the Prime Minister more than once that Romania's finances have reached a warning line, and the scale of debt cannot be expanded. Moreover, the current domestic financial situation is not very good, and the sales of government bonds are not high. In foreign countries, sales are not bad in New York, and Romanian bonds in London and Paris are not well sold.

This is not to say that 800 million lei government bonds are difficult for his chancellor. But the current size of Romanian government bonds has reached 7.6 billion lei, of which more than half are long-term bonds of more than 10 years. Among these bonds, the long-term bonds from around 1910 have entered the stage of centralized exchange, so this is the main reason for Romania's current financial constraints and the source of his troubles.

Seeing that almost everyone opposed Caraturi's plan, Bretianu, the prime minister, had to speak up at this time.

"Is there really no other way financially to deal with this funding?"

"The Treasury is really out of money at the moment, unless the size of the army is reduced and the equipment purchased for Germany is reduced."

Chancellor Albert's words left the Prime Minister feeling a little powerless. It would be unfortunate for anyone to mention the method of reducing military spending, not to mention the current ups and downs in Eastern Europe and the newly acquired territories.

The military, who has only been promoted to two marshals, is currently in high spirits, and it is enough to face the anger of the military. This proposal can only be abandoned.

As for the second proposal, it is even more confusing. Because this is a project that King Edel personally caught, it is not easy to get money from the king. However, thanks to Edel's sensibleness, as long as you can persuade His Majesty to get support, it is easier than deducting money from some military leaders.

But even if the Chancellor of the Exchequer gave two conditions, Prime Minister Bretianu wanted to see if there was any other way.

"Is there any other way, such as continuing to issue bonds, we can give higher interest rates."

In the face of the Prime Minister's inquiry, Albert, who was in charge of the purse, immediately complained: "Your Excellency, the interest rate of the bonds we issued abroad is already high enough. The 10-year bond yield has reached an annual interest rate of 6.27%. It is already very high among countries. At present, our bonds in the bond market are close to saturation, and if interest rates are raised again, the pressure on the government will be very great. We must ensure that we will not be run down by mature debts in the future.”

The Chancellor's remarks gave the Prime Minister some headaches, as he supported Karatuuri's plan. As the prime minister of a country, he can see the role of Caraturi's plan for Romania in the future, which is why he supports this plan.

The words of the Chancellor of the Exchequer made the Prime Minister really embarrassed. He knew that many people in the government were peeping at the Yellow River in His Majesty's hand. It's not that he doesn't want the gold in the king's hands, but he also wants to take out the rest. It's just that the money is too difficult to pay, and he is deeply opposed to it.

The last time I could get money was because it was mainly due to the war. It was related to the triple interests of the military, the government, and His Majesty, so it was so easy to get money from the king. And now it is very difficult to get this money from His Majesty, just because of the Juggernaut Heavy Industrial Zone, which makes the Prime Minister's head daunting.

For this reason, he had to ask Caraturi: "Can this plan be smaller in scale? At present, other government expenses are too large and cannot be reduced. Make a plan that is easy to pass first, and then take it slowly when the finances are abundant. expansion."

Seeing that the Prime Minister was also talking about downsizing, Karatuli cried out in grievance. "Prime Minister, at present this plan is the best for the economy and national strength, and many projects cannot be moved at all. These are closely related industries, such as oil exploration and chemical industry, steel smelting and equipment manufacturing. And even if the scale is reduced, the investment is also The role is small. For example, infrastructure such as roads, hydropower, etc., it is impossible to reduce the funds invested in the early stage.

In addition, the scale is small, and the ratio of investment and income in the future will be quite uneconomical. Moreover, the investment of these funds is also very beneficial to the stability of the local area, and will also play a leading role in the long-term stability of Romania in the future. "

What Caraturi said gave the Prime Minister even more headaches. It turns out that too many resources are also a problem, with the government completely lacking the funds to develop it.

"I'll think about it."

The Prime Minister, who is difficult to decide, chooses to postpone it in the face of this difficult problem.

So the meeting to discuss the construction of the heavy industry zone ended, and all the officials left the venue one after another. Caraturi could only pack up and prepare to go back to his department to discuss again.

"Your Excellency Karaturi, wait a moment."

The Prime Minister was born at this time and stopped him.

After only the two of them were left, Prime Minister Bretianu sent out the other staff before saying, "Karatuuri, there is one thing I want to tell you alone."

"Please speak, Your Excellency."

"In this year's election, I want to resign as party chairman."

Caraturi, who was completely unprepared, was shocked on the spot, and he couldn't help but say, "Why?"

During Bretianu's ten years as prime minister, the internal Romanian economy has grown substantially, and its size has nearly tripled. Negotiate a huge new territory for Romania.

Although there are various other reasons for these credits, no one can ignore the role he played in them. Even now newspapers refer to him as Romania's greatest statesman, and Caraturi's previous peeps at the prime minister's position have faded away over time. It can be said that as long as he runs for election this time, the prime ministership cannot escape his grasp.

"It's mainly because I'm a little tired and want to let go of this responsibility."

Facing the prime minister's rhetoric, Karatuli did not believe it at all. As a politician, there must be other reasons for not wanting to be prime minister again, but he won't keep asking. So he can only continue: "If you feel tired, then you can take a long vacation first."

Listening to Caraturi's comforting words, Bretianu can also say: "Okay, take a vacation when you are free. But I say it is true, I have been busy with government affairs all these years, and I haven't been with my family for a long time. Yes, I feel a little indebted."

The conversation between the two came to an end, but the desire for the prime minister's position resurfaced in Karatuline. I can't figure out why the Prime Minister would say such a thing, but someone must be able to.