At 2 pm, the first financial work report of the Crossing Group was held in the large conference room of the Tianjin administrative building. All four permanent executive members and ministers of various departments who remained in Tianjin attended. After all, in any government, financial work is one of the most important tasks.

The Ministry of Finance naturally attached great importance to this report, and sent a total of seven people to attend, consisting of Minister Jia Zhenzhao, Deputy Ministers Zhao Rui, Zhu Lanping, and four other staff members, and Minister Jia Zhenzhao personally presided over the report.

Before the meeting, the Ministry of Finance had printed out the main content, data and forms of the report, and there was a copy of the person attending the meeting. Therefore, everyone had a basic understanding of the content of this financial work report.

After the meeting began, the first part of the report was to introduce the current financial situation of the Time Travel Group. The current working capital on the Time Travel Group's books is 8 ooo taels of gold, 2.7373 million taels of silver and silver coins, and the currencies of other countries are 78,300 pounds, 457,300 Russian rubles, 551,800 German marks, and 672,700 yen. Converted into silver, it is about 135.73 taels.

80% of the machines purchased from the United States and France were in place, and most of the work of the salvage team from the United States was completed. Most of the expenses were paid, leaving only a small amount of final payment. In addition, the construction project of the Tianjin shipbuilding plant signed by the Travel Group and the United States has been started. The first phase of the engineering equipment of the United States has been on the way to Tianjin. Although the expenses for the first phase of the first phase have not been paid, this fee is used as payable funds and is not included in the working capital.

In January 19o1, the fiscal revenue of the Crossing Group was: customs and port ship mooring income of 53,700 taels of silver, Kaiping coal mine income of 41,800 taels of silver, Lishunde hotel income of 12,100 taels of silver, Yindao Salt Industry income of 17,400 taels of silver, and other income was 13,900 taels of silver, totaling 138,900 taels of silver, while the Crossing Group's expenditure in that month was 76,300 silver, and the net income was 62,600 silver.

Judging from the book situation, the financial situation of the Travel and Travel Group is still good, with working capital reaching more than 40,000 taels of silver, and the net income per month is more than 60,000 taels of silver. No matter which government is in, such a fiscal situation is considered to be well-functioning.

At this time, Jia Zhenzhao said: "After listening to Minister Zhao's report just now, everyone may think that our financial situation is very good, but I want to tell you that this is just the surface situation. In fact, our financial situation is not as good as the books. Of course, this does not mean that our financial situation is very dangerous. In short, we cannot be too optimistic."

After a pause, Jia Zhenzhao said: "First, although the working capital on our books is as high as 40,000 taels of silver, we will face huge expenditures in the next few months. First, the Beijing Battle will be held soon. Everyone knows that when a cannon fires, the war is a matter of burning money, and this expenditure will never be less; the second is the cost of building Qingdao. According to the plan at the beginning of the year, Qingdao will be our industrial base, and Germany has also established a certain industrial foundation in Qingdao, but industrialization is also a matter of money. Zhang Zhidong founded the Hankou Iron Factory and spent it.

50,000 taels of silver, this has passed all our working capital. Of course, Zhang Zhidong is a famous high-minded man. Hankou Iron Factory must have spent a lot of money in vain, but even if it is a counter-demolition, 250,000 taels of silver is a huge fee; the third is the cost of repairing and salvaging warships. Although this fee is less than the previous two, it is not a small amount; the fourth is the reserve for establishing a bank. And we cannot determine how much silver these expenses require, so it seems that 40,000 taels of silver is very high, but in fact it cannot afford to spend at all."

"Let's talk about the monthly income and expenditure situation. Although we looked at the books, our net income in January 19o1 was 62,600 silver, but this did not calculate the salary of the elders. Everyone knows that the salary of the elders is calculated based on labor points. Moreover, due to the planned allocation system we currently implement, the exchange rate between labor points and silver is not established. Therefore, in fact, the elders' consumption is very low now, and there are basically no other consumption except for dining. Of course, this is also related to the small variety of products we can provide, but this has caused another result. Many elders have saved a large amount of labor points. According to our statistics, there are 217 veterans with labor points exceeding 1oooo points, and 35 veterans with labor points exceeding 15oo points. If the labor split is calculated into silver, it will be another huge expense."

"In addition, the majority of our expenses are military expenses, but at present, only the soldiers' wages and food expenses are calculated, and weapons procurement and ammunition are not calculated. Because our weapons and ammunition are all seized, our weapons and ammunition cannot be seized all the time, and sooner or later we will produce them ourselves. Qingdao Arsenal has begun to start production, and the scale of our army is also expanding, so the future expenditure will increase significantly. We must further tap the potential of existing income, and at the same time, we must also explore other sources of income, and also test the impact of our income once the Beijing Battle begins."

A series of discussion suddenly sounded in the conference room. It turned out that I felt that the current financial situation of the Time Travel Group was very optimistic, but after listening to Jia Zhenzhao's report, I realized that the financial situation was not so ideal, and it could be said that it was very serious.

After the discussion was a little less, Jia Zhenzhao continued: "Why is it not optimistic on the surface that our financial situation is good, but it is not optimistic if we take a closer look? You are welcome, our finances are very chaotic and there are many problems. Of course, our career is still in its inception, so it is inevitable that these problems will arise. However, these problems need to be taken seriously by us, and come up with ways to improve or set a time for improvement, otherwise there will be big problems. The following is the second part of the report. The problems facing our current finances will be reported to you by Vice Minister Zhu."

Zhu Lanping stood up and said, "Everyone, let me first explain that our report is just a matter of facts and not targeting any department or individual. The financial problems we face. First, we have not formulated a complete fiscal system, no annual budget, quarterly budget, and monthly budget. This is the main reason why the fiscal situation is good on the surface, but it is not optimistic in reality. If there is a prior fiscal budget, the expenses mentioned by Minister Jia just now should be included in the annual budget. In this way, we will have a comprehensive understanding of the fiscal situation and facilitate the control of income and expenditure. Of course, the failure to formulate a fiscal budget is also related to our current lack of experience and corresponding data. After all, our experience in the old time and space has little reference value in this era. The original fiscal system of the Qing court was also a mess, and there are not many places that we can learn from."

"The second is that we have not yet formulated a complete tax system. Taxation is the main source of government fiscal revenue. Our current net fiscal revenue per month is only 138,900 taels of silver. As a city like Tianjin, this is definitely a low number. Before the change of the Gengzi Kingdom, Tianjin's customs income alone could exceed 20,000 yuan per year. This is based on the fact that the customs tax is only 5%. After foreign goods pay customs duties, they do not have to pay other taxes. This shows that there is still great potential in taxation. As for us, we have initially formulated agricultural tax and customs, but we have not yet formulated industrial and commercial taxes. Tianjin is one of the cities with the most economic economy in China in this era. Since it is in the Tianjin New District, there are a large number of commercial banks and factories. These are the sources of tax payments, so industrial and commercial taxes must be formulated as soon as possible."

"The third is that we are currently implementing a highly concentrated economic system of distribution planning, which is even higher than the early days of the founding of the People's Republic of China in the old time and space. Although we now have more than ten factories and enterprises, most of the factories are directly placed by the government and withdrawn funds, and the products are directly handed over to the government. They have not gone through the commodity exchange process. After completing the production of the government's orders, only a small amount of products flowed into the market. Therefore, although we have more than a dozen factories and enterprises, only Kaiping Coal Mine and Lishunde Hotel can actually bring income, and the other income is only 13,900 taels of silver. Of course, it is completely necessary to adopt this highly concentrated economic system of distribution planning, but this also greatly limits our economic development and requires certain adjustments."
Chapter completed!