Chapter 31, Jiawu

In the blink of an eye, 1894 drew to a close. The Vienna Government, long mired in a financial deficit, finally managed to shake off fiscal shortfalls this year.

Embarrassingly, the main reason the Vienna Government escaped the financial deficit was not due to an increase in tax revenue from economic growth, but rather the over-issuance of currency.

Backed by the joint endorsement of the Continental Alliance, the Vienna Government over-issued twelve billion Divine Shield, which are now slowly entering the market.

Despite the need to share this money with everyone, the biggest slice still went to the Vienna Government. Preliminary estimates show that after deducting printing costs and profit-sharing, the Coinage Tax revenue belonging to the Vienna Government still soared to 7.8 billion.

This sum surpassed the normal fiscal revenue of one year. If they still could not turn the deficit into a surplus, that would have been truly indefensible.