Reborn Russia as an oligarch

Chapter 983
"Director Mikhail, our current national debt is only 1000 billion U.S. dollars. The goal proposed by the government is to pay off the debt as soon as possible. Now you want to issue 2000 billion new national debt at once. This... Will you be able to pay it back in the future? ?”

one member asked worriedly.

Many debts on Da Mao's side were "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 the country's 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.

It's good now, the old debt has not been paid off, and Wang Ye will issue a new debt of 2000 billion US dollars at once!

Many committee members naturally felt the pressure was great, and worried that the debt plan would 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.

He patiently explained to all the members present:

"About issuing debt, you have to look at it from a different angle.

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.

The issue of government bonds is only for faster and better economic development, and there is sufficient ability to repay debts, so this kind of government bonds will be favored by investors internationally.

So what is the situation in our country?
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, people's livelihood can be improved, large-scale infrastructure construction can be carried out, and a solid foundation can be laid for future development.

Externally, 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!

2000 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!
Therefore, in the following voting, all members unanimously raised their hands to express their approval, and the plan to issue new national bonds was successfully passed...

…………

According to the procedures, the policies passed by the Economic Council can be directly coordinated with relevant government departments for implementation, and only need to be filed with the Kremlin and the Duma.

Wang Ye's "government 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 Internationally accepted currency, which is the settlement currency for large transactions linked to oil, 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, he 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 2000 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 large transactions in the international crude oil market, and it is also a global currency, which has taken full 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 2000 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 in the past two years, international crude oil prices have been rising continuously. According to my judgment, this trend will not change in a short time.

In this way, 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 there would be no problem with this debt, Ke Gong also chose to trust his judgment again and "bet" with him for the last time!
Before Wang Ye left, the adoptive father suddenly thought of something again, so he asked Wang Ye:

"Most half of this year has passed, and various budgets have already been arranged.

Now you suddenly got another 2000 billion US dollars. Except for the 300 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 700 billion yuan 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, and then continued: "Chips, in fact, cover a wide range, and are also an industrial product with a wide range of uses."

"Then what's the difference between it and semiconductors? I've always heard people talk about the semiconductor industry, but chips are rarely mentioned." The foster father asked.

"To put it simply, the two are the relationship between finished products and raw materials, just like the relationship between kitchen knives and steel.

A 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 2000 billion US dollars, and it is still growing rapidly.

And I estimate that after ten years, the global chip market will exceed US$5000 billion.

More importantly, at that time, 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 could 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 , tell me anytime. In terms of finances, the only person I can trust is you, and your past performance has proved that you are a trustworthy person!"

Wang Ye nodded slightly. If he was asked to make an evaluation of himself, 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.

Helping Yukos and Gazprom to sign the century-old deal, which lasted for more than [-] years and has a total amount of hundreds of billions of dollars, is definitely the cornerstone of Da Mao'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 impossible to count...

It can be said that every one of his economic policies has been effectively implemented, and it has also firmly 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 also took note of 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 does have enough ability 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 2000 billion US dollars in new national debt soon spread throughout the Moscow political circle.

Everyone knows that he is about to hold a huge sum of 2000 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 flow" in the past two days. Anyone who knows him, no matter what the relationship is, finds an excuse to come and visit him, and 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 Little Eagle Hotel, and came to "wait for the rabbit".

After get off work, Wang Ye returned to the top floor of the Kitty Eagle Hotel as usual, and when he was about to go to the small restaurant for dinner, he saw Rosiana approaching him.

He was a little surprised because Rosiana hadn't called ahead to say 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 post of governor of Moscow, and she 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."

"You 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, extra-budgetary funds!

As the governor of Moscow, of course she must also 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 have to do.

Besides, the finances of Moscow State are not very good. There are many places where money is needed, but the money in hand is not abundant.

Only when you become a family do you know that firewood, rice, oil and salt are expensive.

It was only after Rosiana took the post of governor that she realized that it was indeed not easy for Luzhkov. There were many reasons why Moscow Region had not developed better over the years, and he could not be the only one to blame.

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. It seems that if Wang Ye doesn't give them some money, he will be sorry for his conscience. !
But fortunately, the reason why Wang Ye wanted to issue so many bonds at one time was to leave some leeway.

In other words, he can take out a $500 billion dollar to "sell favors"...

Anyway, as long as it is used in a place that benefits the country or the people, it is not regarded as using power for personal gain, right?

To do these things, Wang Ye is a principle, just have a clear conscience!

(End of this chapter)