The Rise of Australasia

Currently, the rankings of the total fiscal revenue of major powers in the world are as follows:

The native land of the British Empire has a total fiscal revenue of 200 million pounds, total fiscal expenditure of 198 million pounds, achieving a fiscal surplus of 2 million pounds.

The total revenue of British Empire colonies is 185 million pounds, total fiscal expenditure is 173 million pounds, achieving a fiscal surplus of 12 million pounds.

The United States has a total fiscal revenue of 151 million pounds, total fiscal expenditure of 153 million pounds, resulting in a fiscal deficit of 2 million pounds.

Germany's total fiscal revenue is 150 million pounds, total fiscal expenditure is 220 million pounds, with a fiscal deficit of approximately 70 million pounds.

The fiscal revenue of mainland France is 145 million pounds, total fiscal expenditure is 200 million pounds, a fiscal deficit of about 55 million pounds.

The French Colony's total fiscal revenue is 55 million pounds, total fiscal expenditure is 51 million pounds, and a fiscal surplus of 4 million pounds.

Russia's total fiscal revenue is 130 million pounds, total fiscal expenditure is 185 million pounds, resulting in a fiscal deficit of 55 million pounds.

The Austro-Hungarian Empire's total fiscal revenue is 75 million pounds, total fiscal expenditure is 110 million pounds, and a fiscal deficit of 35 million pounds.

Island Nation's total fiscal revenue is 53 million pounds, total fiscal expenditure is 60 million pounds, with a fiscal deficit of approximately 7 million pounds.

Italy's total fiscal revenue is 40 million pounds, total fiscal expenditure is 55 million pounds, with a deficit of about 15 million pounds.

The Ottoman Empire's total fiscal revenue is 26 million pounds, total fiscal expenditure is 40 million pounds, with a deficit of 14 million pounds.

Due to consecutive naval arms races and army expansions, the major powers of Europe generally face fiscal deficits.

However, this is also an unavoidable situation, after all, as long as their own military expansion stops, the military gap between them and other countries will widen.

For the major powers of Europe, fiscal deficits may be undesirable, but the growing gap with enemies is even more unacceptable.

If they win the war, they can get everything, so naturally, they are not afraid of a small financial deficit. Once they lose the war, even if they have accumulated a lot of wealth, it will be looted and occupied by others.

Currently, Australasia's fiscal situation has always maintained a surplus, which is a good thing. It means that even if Australasia's fiscal expenditure rapidly increases in the future, the financial deficit problem will not be too serious.

The development of industry is also very rapid. Although the growth of steel production has slowed down, in 1912, Australasia's total steel production reached 1.701 million tons and 2.7192 million tons.

Currently, Australasia's steel production ranks seventh in the world, next only to the United States, Germany, Britain, Russia, France, and the Austro-Hungarian Empire.

At this scale, the total output of steel has outstripped the second-rate powers, the Island Nation, and Italy.

Although the total steel output does not fully represent the industrial level, it is also one of the important criteria for judging the industrial level.

At present, when compared with Italy and the Island Nation, except for the obvious disadvantage of population, Australasia has significant advantages in the economy, industry, and other fields.

Even in terms of land and naval technology, Arthur is confident that they are ahead of Italy and the Island Nation by one notch.

For coal production, which is closely related to industry, Australia has already completely surpassed the Island Nation and Italy. NovelFire-chapter

According to the information disclosed by countries around the world, the country with the highest total coal production in the world should currently be the United States, with an annual coal production of 530 million tons.

Followed by:

Second place, Russia with 360 million tons.

Third place, Germany with 277.2 million tons.

Fourth place, Britain with 210.5 million tons.

Fifth place, Austro-Hungarian Empire with 54.2 million tons.

Sixth place, France with 40.8 million tons.

Seventh place, Australasia, with 37.7 million tons.

Eighth place, Island Nation with 7.8 million tons.

Ninth place, Italy with 700,000 tons.

Unlike in history, Britain's coal production in the original history should have exceeded Germany's, but due to the separation of Australasia, the British Empire lost an important mining resource area, resulting in coal production lower than Germany.

Australasia's mineral resources are not inferior to any country, but the real reason for its limited coal production is the small domestic market in Australasia.

First of all, Australasia's climate is not that extreme, with the hottest summer temperatures generally around twenty degrees and the coldest winter temperatures around freezing.

This means that the demand for coal heating in Australasia is relatively low. In Australasia, coal is mainly used for industry and power generation.

However, many of Australasia's industrial equipment is electric, which further reduces the usage demand for coal.

Moreover, the government does not need to sell mineral resources in exchange for funds, so Australasia's coal production has always been stable at an adequate level.

If calculated based on the total reserves of various coal types in Australasia, at the current mining rate, it will be enough for domestic mining in Australasia for thousands of years.

However, with the development of domestic population and various construction economies, the demand for coal is bound to increase.

According to Australasia's coal reserves, it is basically enough for hundreds and thousands of years.

In addition to the most basic coal production and steel production, due to the construction of the first and second phases of the Leonora Industrial Base and the extensive encouragement of various industries, Arthur believes that the current industry in Australasia has caught up or even surpassed Italy in at least the industrial and economic level, Australasia has already had the strength of a major power.

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