African Nationhood

Chapter 208 Fiscal and Taxation Dilemma (Part )

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  Sansa Bruce took out several forms and handed them to Boss Shi.

There are also actual expenses spent by various other departments. I summarized it and it is about 5.7 million yuan in military expenses.

"The next thing I want to talk about is the new annual plan and budget table for each department."

“Let’s talk about the annual budget of the education department first. The budget for the education department in 1886-1887 is 2.01 million yuan.

Among them, additional salaries are given to teachers at all levels to certify their seniority, select outstanding teachers, build child care institutions and train new teachers, etc., which together account for 9.7% of the fiscal and tax revenue. "

Nanhua's investment in immigrant education is high every year. As immigrants become naturalized in large numbers, this number will only remain high in the long term.

Boss Shi’s preset psychological limit for investment in education is 10%, and anything below this ratio can be approved.

Shi Jintang nodded: "I understand, let's move on to the next item."

"The next item is the annual budget of the medical department. The medical department's budget for 1886-1887 is 1.1 million yuan, which includes the cost of new drug research and development and vaccination, as well as financial allocations for medical institutions at all levels."

Medical companies can produce some medicines by themselves, so their budgets are smaller.

When sulfa is developed, the pharmaceutical company should be able to turn a profit quickly. Shi Jintang had already pointed out the direction for the research and development team when he returned from the United States, and the same was true for Nanhua Medical College.

But this new drug will take some time and requires patience.

"Okay, next item."

“After talking about education and medicine, what’s left is culture and sports. Their budget for 1886-1887 is 8000 million military dollars.

Originally, their department only had more than 3000 million yuan in military funds. I don't know why Commissioner Ouyang increased the budget.

There are many competitions listed in the schedule, such as Hanfu design competition, Chinese language learning competition, etc. The forms are quite diverse. "

Many of the things here were requested by Boss Shi, so they naturally had to be approved.

"I understand, continue."

“After talking about the above items, the only thing left is the cost of public security.

The justices and the militia departments jointly formulated a budget for 1886-1887, worth 1.8 million yuan.

The militia system still accounts for the bulk of this, with 1.4 million yuan in military receipts, including militia training and reserves of disaster preparedness materials.

However, the cost of building the justice system is not low, with a military budget of 4000 million yuan.

This includes the cost of building courts at all levels and training judges, as well as legal education and so on. "

Seeing the budgets of these two departments, Shi Jintang had a headache.

It was an expedient measure to drive Tie Lan to be the chief judge. Who knew that this old man was unambiguous and serious about everything he did. If he did not give approval, he would inevitably be criticized.

However, the company is still governed by people at this stage, and there is still a long way to go before the rule of law.

Shi Jintang hesitated for a while, but in the end he did not accept the full batch.

"Grant 2000 million yuan to the justices and let them overcome it first."

Sansa Bruce nodded, "The rest is the army. Their budget for 1886-1887 is 2.5 million yuan in military funds.

These include the research and development of new weapons, military benefits, and the navy's purchase of new patrol ships. "

Shi Jintang agrees with this. Nanhua Company still has a lot to make up for in the area of ​​weapons and equipment.

Weapons, ammunition and explosives need to be stockpiled in advance to prepare for emergencies.

In addition, the navy only has one close-in-navigation ship, which is too shabby. Shi Jintang plans to purchase several 800- and 900-ton river ships to serve as offshore cruising ships.

After its own shipyard is built and can produce 1000-ton ships, the navy can truly develop.

It would be best to purchase another ironclad ship similar to the "Zhou Yu" (formerly the Gogan) to escort the oceans of Southwest Africa.

Therefore, Shi Jintang's preset psychological line for the military budget is 15%, and anything lower than this number can be approved. “The military’s budget has been approved without any problem, what other projects are there?”

"The remaining budget items belong to the Transportation Bureau. I counted the budget items of the above departments and found that they have reached 8.01 million yuan in military budget, and the Transportation Bureau's budget is the real bulk.

The Bureau of Transport formulated the three-horizontal and three-vertical railway line half a year ago. This year, the Transport Bureau plans to launch the "Wenxin Line" from Hot Springs (Windhoek, Namibia) to New Orange Town (now Kuruman Town, South Africa). Railway construction.

It has a total length of more than 1400 kilometers and cost 9.9 million yuan in military funds.

This is only the cost of one railway. The budget for other road transportation construction is still 1.9 million yuan.

If his request is followed, the company's annual financial deficit will be hundreds of millions of dollars in military bills.

In addition, last year was the first year that the company levied taxes on indigenous kingdoms, so the company's tax revenue could reach such a high level.

But Aboriginal people will only have less and less property, and as their property is depleted, it will only become more difficult for us to tax them.

Moreover, maintaining law and order in the kingdom must be suppressed by the army, which will increase military expenses.

Therefore, I think the company should temporarily reduce the budget of the Transportation Bureau. "

Sansa Bruce said this because of the company's financial considerations. After all, these basic investments cost a lot of money.

But these basic investments are very important to the company's governance.

Moreover, building railways is very time-consuming. The previous four 800-kilometer railways in the Namib region took four years to complete, so railway construction must start early.

As for funds, Shi Jinyong from the Commercial Port still has money on hand.

He controls all the company's direct-operated enterprises, and his annual profits are not small.

However, for the healthy development of these enterprises, Nanhua Company did not withdraw these profits, which can be used for emergency relief in emergencies.

In addition, the fiscal surplus in 1885 was several hundred million yuan in military bills, but the fiscal and tax authorities did not mention it.

This is setting an ambush for him.

……

More than half of the route along the "Wenxin Line" is in the desolate area of ​​the Namib region.

Therefore, no bank capital is willing to invest in the construction, so Nanhua Company can only fund the construction itself.

The cost of Nanhua Company's own construction will be reduced. If it relies on bank capital for construction, it is estimated that the cost will increase by 20%-30%.

Moreover, the construction of large-scale projects can quickly consume a large amount of the indigenous population, so Shi Jintang had to grit his teeth and embark on such large projects.

"The budget of the Transportation Bureau should be passed in full as much as possible. Transportation construction is related to the efficiency of the company's governance of various places under its governance.

Please talk to Director List and see if you can negotiate an installment plan with a bank. Our company will use the gold mines in the Kingdom of Mata or the copper mines in the Kingdom of Lunda as collateral.

If they don't agree, they will start construction as soon as possible at the expense of the mineral development rights.

These minerals are useless if left in the soil. Only by exchanging them for money can we create greater value for us. "

After listening to Boss Shi's words, Sansa Bruce nodded as if resigned to her fate, "Okay, let's communicate again. Is there any hope for Director List's plan to lobby the cabinet half a year ago?"

Hearing this, Shi Jintang fell into deep thought. He couldn't remember which month Gladstone stepped down.

It shouldn't be available now, we'll have to wait a few more months.

He shook his head, "There is no news yet, let's wait."

Sansa Bruce nodded and packed her things, "Boss, we are going back."

Shi Jintang nodded, and after everyone left, he put his legs on the desk, lit a cigarette, and looked at the map on the wall in trance.

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  (End of this chapter)