Chapter 983 Clear conscience
"Director Mikhail, our current national debt is only 100 billion U.S. dollars. The goal proposed by the government is to pay off the debt as soon as possible. Now you are going to issue 200 billion new national debts at once. This... you will have to pay it back in the future up?"
A committee member asked worriedly.
A lot of debts on Da Mao's side are still “inherited” from the former Soviet Union. Most of the creditors are members of the Paris Club and the London Club, that is, local European investors.
Whether it's for the sake of face or national reputation, even when the economy was the most difficult a few years ago, Da Mao was gritted his teeth to repay the debts, and was unwilling to default.
Once the national debt defaults, it is equivalent to the national reputation going bankrupt internationally, and the consequences are also very serious...
Therefore, several successive governments have aimed to pay off the debt.
Now is good, the old debt has not been paid off, and Wang Ye will issue another 200 billion US dollars in new debt at once!
Many committee members naturally feel the pressure is great, worrying that this debt plan will not go ahead.
I am afraid that no one will buy the new national debt, and I am also worried that it will not be issued later.
Because this is a new national debt plan led by the Economic Committee, if something goes wrong, the scapegoat will not be thrown away. Wouldn't it seriously affect the reputation of the Committee!
Wang Ye smiled slightly. Since he dared to come up with this plan, of course he had considered it thoroughly.
Patiently explained to all the members present:
“About issuing debt, we need to look at it from different angles.
Some countries are impoverished and can only borrow money to survive. This kind of national debt has a lot of natural sequelae, and it is difficult to be sought after by investors, and it is estimated that they will not be sold.
However, in some countries, the economic development is in good condition and the future can be expected.
Issuing treasury bonds is only for faster and better economic development, and has sufficient ability to repay debts, so this kind of treasury bonds will be favored by investors internationally.
So what kind of situation does our country belong to?
I don't need to say more about this! "
After listening to Wang Ye's explanation, some committee members expressed their understanding.
With the soaring international crude oil and natural gas prices, Damao's fiscal revenue has been getting higher and higher in recent years, and the economy has naturally become better and better.
In the foreseeable time, there is no danger of economic decline.
So when issuing treasury bonds at this time, naturally there is no need to worry about the risk of non-repayment or debt default, and the issued treasury bonds are easily accepted by international investors!
As for the money obtained through the issuance of national debt, it can be used more.
Internally, it can improve people's livelihood, carry out large-scale infrastructure construction, and lay a solid foundation for future development.
For the outside world, we can assist neighboring brother countries and help them develop as soon as possible. This is also creating a stable and safe surrounding environment for ourselves!
200 billion, more or less, if you can make good use of it, it can really play a big role!
Besides, this is the plan proposed by Director Mikhail!
He has never made a mistake in this kind of general direction decision-making, and this time should be no exception!
So, in the next vote, all members unanimously raised their hands to express their approval, and the plan to issue new national bonds was successfully passed...
According to the process, the policies passed by the Economic Committee can be directly coordinated with relevant government departments to implement, and only need to be filed with the Kremlin and the Duma.
Wang Ye's "National Bond Issuance Plan" is of course unimpeded.
It's just that the adoptive father was also a little worried, fearing that he would not be able to repay the debt in the future, so he called Wang Ye over to communicate.
"Misha, do you think that so many national debts can really be sold? I know that you are comparing with the United States and think that it is no problem for them to issue trillions of national debts every year, but you have to consider that the US dollar is The international currency is the settlement currency for large transactions linked to oil, and in this regard, our ruble is incomparable."
Obviously, the Kremlin is still not confident enough. He is worried that when the national debt is issued, it will face the dilemma that no one will buy it. That would be embarrassing...
Wang Ye said calmly: "There is no need to worry about this. Of course I understand that our strength cannot be compared with that of the United States. So I did not follow their standards to issue trillions of dollars in national debt. The issuance of about 200 billion U.S. dollars is because I think that with our current national strength and economic level, it is completely no problem to bear this amount of national debt issuance.
Yes, the US dollar is indeed the settlement currency for bulk transactions in the international crude oil market, and it is also a global currency, taking advantage.
So in theory, it doesn't matter how much debt they issue, because the whole world pays for their debt!
But don't forget that our country's share in the international energy market is not low.
Crude oil and natural gas are hard currencies!
These two items alone are enough to support the debt of trillions of dollars, so the 200 billion dollars of bonds issued this time will not worry about selling at all!
I can guarantee that as long as it is launched on the market, it will be sold out soon.
Because the international crude oil price has been rising continuously since the beginning of the past two years, as far as I judge, this trend will not change in a short time.
In this case, our fiscal revenue will naturally increase year by year, and there will be no problem in repaying debts..."
After Wang Ye made an analysis of the international energy market and ensured that this debt would never be a problem, Kegong also chose to believe in his judgment again and "bet" with him for the last time!
Before Wang Ye left, the adoptive father suddenly thought of something, so he asked Wang Ye:
"Most half of this year has passed, and various budgets have already been arranged.
Now you suddenly get another 200 billion US dollars. Except for the 30 billion US dollars in aid funds, is there any arrangement for the rest of the money? "
Wang Ye pondered for a while, and said with a smile: "Money, the more the better! I plan to use all the remaining 170 billion to invest in two industries. One is the automobile industry, and the other is chips!"
The adoptive father asked with great interest: "Why are these two industries? Is there any explanation?"
Wang Ye explained:
"The automobile industry, this is the master of the modern industrial system!
A car factory that sells well all over the world can drive countless large and small supporting factories upstream and downstream, bring hundreds of thousands of jobs, and pay huge taxes.
Our country actually has a good foundation in the automotive industry, and the market is not too small. Now that we have acquired three global brands, Land Rover, Jaguar, and Volvo, we need to make more efforts to cultivate this industry. This is also what I plan to do. The so-called second leg! "
The adoptive father knew about this "second leg", because Wang Ye said before that you can't just rely on the energy industry, that is walking on one leg, and you must create a second pillar industry to become the backbone of the national economy. Second leg!
Therefore, he also agrees with Wang Ye's plan to increase investment in the automobile industry.
But he doesn't quite understand the chip.
So he signaled Wang Ye to continue talking about why chips are so important and require such a large investment.
Wang Ye paused for a moment, then continued: "Chips, in fact, cover a wide range, and are also an industrial product with a wide range of uses."
"Then what is the difference between it and semiconductors? I have always heard people talk about the semiconductor industry, but chips are mentioned less." The foster father asked.
“To put it simply, the relationship between the two is the relationship between the finished product and the raw material, just like the relationship between a kitchen knife and steel.
Chip is an integrated circuit product made of semiconductor materials.
With the development of technology, chips will be used in almost all electronic products in the future, including but not limited to automobiles, mobile phones, computers, home appliances, aerospace and so on!
According to data, last year, the market size of the global chip industry has reached about 200 billion US dollars, and it is still growing rapidly.
And I estimate that after ten years, the global chip market will exceed US$500 billion.
More importantly, the R&D and production of chips will be in the hands of a limited number of countries and regions, with a high degree of monopoly!
Then, if the other party directly cuts off the exit of the chip to you after something unpleasant happens to you, the consequences..."
Wang Ye didn't go any further, because he can definitely think of the key foster father.
Sure enough, after listening to Wang Ye's analysis, the adoptive father frowned and pondered for a moment, then nodded heavily at Wang Ye, and said solemnly: "Then... I will leave these matters to you! If there is anything that needs help from Ke Gong, Talk to me anytime. The only person I can trust financially is you, and you've proven yourself to be someone you can trust!"
Wang Ye nodded slightly. If he was asked to make an evaluation of himself, then there is a word that is more suitable, that is "a clear conscience"...
Since he was elected as a member of the Duma, how many "benefits to the country and the people" have he done.
Helped Yukos and Gazprom to sign the century-old deal, which lasted for more than 20 years and totaled hundreds of billions of dollars. This is definitely the cornerstone of Damao's economic take-off in recent years!
Engage in large-scale infrastructure construction, unite airlines, acquire automobile brands to support the automobile industry, build Moscow's central business district, promote low-rent housing projects to retain talents for the country, etc.!
It's almost too many to count...
It can be said that every one of his economic policies has been effectively implemented, and it has also solidly promoted the country's economic development.
In the entire Moscow political arena, no one can compare with Wang Ye in the economic field!
Of course, the Kremlin paid attention to his work in the past few years, so he dared to hand over the burden of the "economic committee" to Wang Ye, and even continued to burden him and give him more power.
On the one hand, Wang Ye is indeed capable enough to perform well.
On the other hand, Ke Gong really couldn't find a more suitable candidate than Wang Ye, so he had no choice.
Wang Ye's plan to issue 200 billion U.S. dollars in new national debt soon spread throughout the Moscow political arena.
Everyone knows that he is about to hold a huge sum of 200 billion U.S. dollars and can control it independently, and everyone is so greedy...
Just kidding, such a sum of money can definitely be called a huge sum of money. If he can "apply" for a small amount from him, wouldn't the small life of his department be about to take off!
Therefore, Wang Ye's office has been called a "continuous stream" these two days. Anyone who knows him, no matter what the relationship is, finds an excuse to come and visit him, see if there is a chance to ask for some money.
Needless to say, Shao Yigu, Grogli and other old friends, even Rosiana came here!
But Rosiana naturally didn't need to go to his office to find Wang Ye, but went directly to the Kitty Eagle Hotel, and came to "wait for the rabbit".
Wang Ye returned to the top floor of the Kitty Eagle Hotel as usual after get off work, and when he planned to go to the small restaurant for dinner, he saw Rosiana approaching him.
He was a little surprised, because Rosiana didn't call in advance to say that she would come.
During this period of time, not only Wang Ye was very busy, but Rosiana was obviously not idle either. She had just taken over the position of governor of Moscow and had a lot of things at hand.
Wang Ye hasn't seen her for almost ten days.
"Why are you here today?" Wang Ye greeted with a smile.
After the two kissed, Rosiana responded: "I wanted to talk to you about something. I came directly from the state capital office building. I forgot to call you. Fortunately, you are at home."
"Haven't had dinner yet, that's just right, I'm going to have dinner too, let's go together." Wang Ye invited.
After sitting down in the private room of the small restaurant, Rosiana said what she wanted. It turned out that she also heard that Wang Ye was about to have a large sum of money, extrbudgetary funds!
As the governor of Moscow, she must of course consider the interests of the state.
If she can get a sum of money from Wang Ye and use it in the state, then to be honest, her prestige in the state system will definitely skyrocket!
It is much more effective than her use of "threats and lures".
After all, sitting in that position, you have to do what you should do.
Besides, the finances of Moscow State are not very good. There are many places that need money, but the money in hand is not abundant.
It is only when you become a family that you know that daily necessities are expensive.
Rosiana also realized that it was not easy for Luzhkov after she assumed the post of governor. There are many reasons why Moscow State has not developed better in recent years, and it is true that he cannot be blamed alone.
Of course, these are just her private thoughts, and it is impossible to say them to the outside world.
After listening to Rosiana's "cry poor", Wang Ye shook his head with a wry smile.
Before I got the money, many people have been "watched", and all of them are righteous, as if if Wang Ye doesn't give them a little bit, it would be an apology to my conscience !
But fortunately, the reason why Wang Ye wants to issue so many bonds at one time is to leave some leeway.
That is to say, he can take out a three to five billion dollars to "sell favors"...
Anyway, as long as it is used in a place that benefits the country or the people, it is not considered the use of power for personal gain, right?
To do these things, Wang Ye is a principle, just have a clear conscience!
(end of this chapter)
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