Unfortunately, the speculation was incorrect. The Ministry of Finance's accounts are very clear: the Kingdom Government indeed spent that much money.
It wasn't due to a significant rise in daily government expenses, but rather because the total debt exceeded its limits, setting the government on an irreversible path of continuous debt growth.
"Your Majesty, the current total government debt amounts to 720 million Gold Coins, which includes:
230 million in War Bonds;
80 million in international loans;
40 million in bank mortgage loans;
320 million in unpaid invoices for strategic material procurement;
and approximately 50 million Gold Coins in deferred wages for government officials.
If we trace back further, the procurement debts and salary arrears only account for the last ten years.
If we continue to look further back, the total government debt would be even higher.
