Joseph, however, smiled: "No, not only cannot increase the interest rate, it must be lowered..."
"Ah? But that would sell even less, Your Highness."
Joseph glanced at the officials present, only instructing Godan: "Please prepare according to the sale of 1.3 billion francs of government bonds."
The Minister of Finance nodded in surprise: "Yes, Your Highness."
The French Government currently owes less than 1.4 billion francs in foreign debt, and the interest is very low, almost without repayment pressure, so it has a very large borrowing capacity - according to the previous report from the Ministry of Finance, France's debt ceiling is around 2.7 billion francs. As long as it is below this figure, there will be no deterioration in the financial situation.
Yes, now France's debt repayment capability has also greatly improved. The 2 billion debt back then was already unmanageable.
This is also the reason Joseph is willing to raise funds through government bonds.
