Cherreads

Chapter 272 - Chapter 170: The Problem of Military Expansion (2)

Moreover, Spain's development has gradually moved onto the right track. The most crucial task ahead is to seek stability, ensuring that Spain's economy and industry progress steadily, which is what the government should prioritize.

Thinking of this, Carlo couldn't help but be thankful for the corruption during Queen Isabella's reign. It was precisely because the Spanish Government indulged in pleasure instead of focusing on development that it doesn't carry too much debt.

Currently, the total debt of the Spanish Government is around 700 million Pesseta, which is still within the range that the Spanish Government can bear.

Moreover, the shortest debt repayment term is over ten years, and some are even as long as twenty years.

With relatively low debt pressure, Spain's future development indeed looks promising. Even without relying on financial push, the growth rate of industrial and economic development in the coming years will also progress steadily.

This is the end of Part One, download Chereads app to continue:
More Chapters