Chapter 69 The Terrible Fiscal Deficit
When they woke up early the next morning, Zhang Yunfei wanted to go to Dou Dou Yaer and Xiner, but today officials from various departments of Oahu came to the palace conference room together to start discussing the entire island situation last year, the planning and construction of this year, and the fiscal budget for this year, so Zhang Yunfei must attend.
"It's almost the Chinese New Year, these guys are still in the mood to have a meeting?" Zhang Yunfei shook his head helplessly.
After Zhang Yunfei arrived at the conference room, everyone started the first plenary meeting of this year.
First of all, the four directors gave speeches and summary of the work of our department. Since it was just established and they were all local families, there was nothing wrong with the Police Department and the Justice Department, which was very simple for them. Those who were a little busy were the Tax Department and the Finance Department.
Huang Chao, Director of the Taxation Department, told Zhang Yunfei that in the last two months of last year, the tax revenue on Oahu was US$1.29 million, mainly due to Zhang Yunfei's large-scale defense engineering and industrial economic construction. However, the various high-profit new factories established by Zhang Yunfei are only just completed and put into production, and there is no benefit yet. The main tax revenue is still the original major farms and processing plants. Since most of them are occupied by foreigners, and a large number of foreigners' goods have tax evasion and even tax evasion. Therefore, most of the taxes cannot be paid.
Zhang Yunfei knew that there was nothing he could do. He probably wouldn't be honest after his national defense project was completed, and these foreigners would be honest due to Zhang Yunfei's force of deterrence. Now they can only let them go first.
However, Zhang Yunfei has absolute confidence in his new industrial economic model, which are all mature economic methods in later generations, so he is not worried. When these new factories produce benefits, they probably think that these guys who fall into the eyes of money will beg themselves to give them some share, and are they still afraid that they will not pay taxes at that time?
So Zhang Yunfei praised Huang Chao and told him not to worry, he had his own way to deal with it.
Next is the Financial Secretary Chen Xiaochun's report on the situation and cost of Zhang Yunfei's various projects over the past few months. This is what Zhang Yunfei is most concerned about.
"The report mentioned the project costs of all projects, including 4.4 million pounds for ordering warships in the UK and 4.3 million pounds for Pearl Harbor shipyards. The Pearl Harbor Fortress and Military Harbor projects in Germany cost 2.3 million pounds, gun factories and order arms totaled 850,000 pounds. The warships and transport ships ordered by the United States totaled 4 million pounds. In addition, the submarine base, aircraft base and automobile factory totaled 820,000 pounds. All projects totaled 16.67 million pounds. According to the contract, the first phase of the projects in various countries have now started, and most of them meet the standards. According to the requirements, you have to pay the first 30% project payment totaled 5 million pounds, and the rest will be paid in the next 6 to 22 months."
Zhang Yunfei thought to himself: "I've spent so much money without realizing it! I'm so obedient, so that's a little bit bigger. If I were in China, how much money would I have to spend! Besides, the warships I secretly ordered from Germany and France have not been calculated yet!' Now, I have to take out 20 million pounds within two years, and I'm not enough. Fortunately, I can pay in installments! It seems that I have to find a way to make money quickly!
Zhang Yunfei signaled to continue!
At this time, Chen Xiaochun continued:
"The following are the fiscal and military expenditures since October last year. The fiscal expenditures totaled US$550,000 and 110,000 pounds, mainly the daily expenses and wages of officials in various departments. Military expenditures totaled 980,000 pounds, including the new facilities of the Pearl Harbor Naval and Army Base and the military camps, the non-weapon equipment of 65,000 naval and army soldiers and logistics personnel, as well as the wages and food expenses of officers and soldiers, plus the recruitment of engineers, technicians, and officers and experts from various countries. These expenses were paid by my uncle Chen Fang himself. He said that Commander Zhang had spent too much on Oahu for us Chinese. As the president of the Chamber of Commerce here, he had an obligation to share the burden for Commander Zhang, and hope that Commander Zhang would not be too little!"
Damn! Damn, here we are advertising! I know Chen Fang’s thoughts. Being able to do this is to show kindness to Zhang Yunfei. Although the money was obtained by Zhang Yunfei, it is enough to give it to Zhang Yunfei now, which is OK!
"So please Director Chen waited for me to tell Mr. Chen, and said that I, Zhang Yunfei, have won his affection and will not forget him!"
"Thank you! Commander Zhang! Uncle Jia will be very happy when he knows it!" After saying that, Chen Xiaochun looked at the other directors intentionally or unintentionally.
The other directors first heard that Zhang Yunfei had spent such a huge sum of money, which made them suddenly have a new understanding of this person. At the beginning, they also guessed that these projects must have cost a lot, but they did not expect that they would have so much, more than 30 million pounds! They never thought that they had sent family members to help manage Oahu Island for the purpose of not offending Zhang Yunfei. Now, when they saw that Zhang Yunfei had a lot of plans and would become a climate in the future.
And when he heard that Chen Fang's family had paid more than 3 million pounds for free, this was not obvious support for Zhang Yunfei, and he had already tied him up. The few of them were all cunning people who had passed the world. So after giving each other a clear look, they all expressed their opinions:
"Director Chen is right. Commander Zhang is seeking benefits and peace for Oahu, and for the Chinese. As a family here, we will also receive the blessings of Commander Zhang! How can we ask Commander Zhang to pay for it? Huang is not talented and is willing to pay 1 million pounds on behalf of the Huang family to support Commander Zhang's feat. At the same time, we also thank Commander Zhang for the business opportunities provided to the Huang family!" Huang Chao, Director of the Taxation Department, made his statement first.
Then, Wang Ping, director of the Police Department, and Zhao Shangzhi, director of the Legal Department, also expressed their willingness to pay 1 million pounds each to Zhang Yunfei as development funds.
Zhang Yunfei didn't expect that this effect would be. Chen Xiaochun, the nephew of the Chen family, is not simple! He chose the right choice regardless of time, place, and occasion! Now he has earned Zhang Yunfei 3 million pounds of benefits. But these bastards are too rich! He only has 1 million pounds at a time, and he will get pounds! They are all people's wealth! It seems that they have to squeeze them well in the future, and this is too rich!
Zhang Yunfei had already forgotten that his skin was also a master of scavenging money. If Huang Chao and others knew what Zhang Yunfei was thinking at this time, they didn’t know whether to cry or laugh.
Afterwards, several people studied various policies and fiscal budgets together.
First of all, after the recruits are trained in a few days, the required quota and allocated number will be handed over to the Director of the Police Department Wang Ping for handling.
Then Zhao Shangzhi, Director of the Legal Affairs Department, proposed to formulate a law on the island to restrain the people on the island. Zhang Yunfei also felt it was right, so he handed it over to Zhao Shangzhi to formulate a new law in combination with some foreign and local laws. Zhang Yunfei's requirement was that no matter what law, there must be no unequal treaties with foreign countries. Zhao Shangzhi knew what Zhang Yunfei meant, so he nodded to express his receipt.
Huang Chao, director of the Taxation Department, aims to wait for Zhang Yunfei's national defense project to be completed and use force to crack down on foreign elements who evade taxes. However, he raised a question that Zhang Yunfei did not even think of or ignore, that is education and school management.
Zhang Yunfei suddenly realized that he had done so much, why did he forget about this? So Zhang Yunfei proposed to ask each company to find various talents or recruit foreign teachers from abroad to teach on the island. He also increased education funds to establish a university, a middle school, and an elementary school, and all voluntary teaching. As for the position of director of the Education Department, the position of director of each company will be selected by each company, and will be reviewed and approved by Zhang Yunfei.
Finally, Chen Xiaochun from the Finance Department proposed the requirement that a bank should be established. Zhang Yunfei felt it was feasible and piled up all the money in foreign banks to make money from foreigners. Zhang Yunfei was unhappy, so he agreed to Chen Xiaochun's suggestion, raise 10 million pounds as startup capital, and build a bank on Oahu. As for the name, Zhang Yunfei thought for a long time, and suddenly thought of the name China Bank. China represents China, and Xia represents China represents Hawaii. Haha! What a genius! Zhang Yunfei shamelessly beat his own self!
After the statistics were made by the Finance Department, Jordan Chan said: "Commander Zhang! Including your 16 million pounds of defense project funds, as well as the banks and popular education projects to be established this year, the fiscal budget this year has exceeded 30 million pounds, and our estimated fiscal revenue this year is currently estimated to be only 4 million pounds. It may increase after your new factory is officially operated, but this fiscal deficit is as high as 800%, which is terrifying! In addition to the 16 million pounds of defense project construction, there are still 14 million pounds, which is still as high as 300%, which is probably not possible!"
Seeing Chen Xiaochun shaking his head, Zhang Yunfei said: "It's okay! Occasional fiscal deficits can drive economic growth, and these projects are long-term benefits and will soon recover the costs!"
At this time, Wang Ping interrupted: "I think Commander Zhang is right! Once China's defense project is completed, we can collect taxes on foreigners on the island without any worries. Hawaii has a trade volume of about hundreds of millions of dollars every year. If the tax comes, it will have more than 5 million pounds of income. We have more money and fewer people, and we can be considered a wealthy country. In addition to those new factories, I think they are all money-making machines! By then, all the costs will be back within a few years!"
Well! Wang Ping is worthy of being a member of the ancient family, and he has some insights! Zhang Yunfei nodded.
"Yes! I don't think we have to use all the fiscal expenditures, we can raise funds! These foreigners and foreign banks are eager to pay? Besides, can our own family also invest in shares? Isn't this a solution!" Huang Chao said.
Well! Is this Huang Chao not bad either! I know that the bank is a profit-making institution! Not bad, it is OK! Zhang Yunfei was very happy after hearing this.
So after a few people discussed it all over the place, Zhang Yunfei finally made a decision. He took out 5 million pounds to account for 500,000 pounds, which was Zhang Yunfei's limit. The other four companies each paid 500,000 pounds and each accounted for half the shares, and the remaining shares were issued to other wealthy investors or foreigners on the island! Several companies had no objection to Zhang Yunfei's acquisition of the head, so they reached a preliminary banking framework.
Zhang Yunfei thought to himself: "This bank is not an ordinary huge profit, so he will naturally take the big shot!"
So a meeting and the national budget plan that should have been very careful was decided under a chat of several people.
While being funny, Zhang Yunfei also knew about his lack of talents, so he prepared to launch a new round of "robbery and kidnapping" campaign again!
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Call for artillery support!
Chapter completed!