Chapter 22, Bankruptcy

Being without money is always the most painful thing, especially when there's a whole group of people relying on you for their meals. Addressing the financial crisis is now an imminent issue.

The Winter Palace in St. Petersburg

The newly appointed Finance Minister Yevgeny reported with a mournful face, "Your Majesty, this is the expenditure report for the past month. If we don't take action, we'll be bankrupt in three months at most."

Financial bankruptcy isn't a first for the Tsarist Government. If it were normal times, going bankrupt wouldn't matter much; we could simply declare a default on our debts.

The problem now is that the newly organized homesteading movement must not stop, otherwise tens of millions will go hungry. If that happens, not only would the reforms be destroyed in an instant, but the Tsarist Empire itself might collapse as a result.

After glancing at the report, Alexander II tossed it aside and started pacing in the room.