"In that case, why don’t each department report on their achievements this year and, incidentally, set tasks for next year," Duke Serrano said with a smile:

If indeed a second wave of economic crisis breaks out next year, it signifies that next year’s development is crucial for Spain.

It is necessary to proactively formulate development plans, and I hope all departments can smoothly execute these plans to make our country stronger."

The so-called reporting of achievements is essentially to make Carlo aware of what each department has actually done and to understand the achievements of each department’s minister.

The more significant the achievements, the richer the rewards for the Cabinet Ministers. Duke Serrano, being at the pinnacle of Spanish nobility, has little desire for rewards anymore.

But it is different for other nobles. Most of the Cabinet Ministers are not nobles and are quite eager to become true nobility.

After excluding Ruiz from the current Spanish Government, all current Cabinet government ministers support the Monarchy.

"Your Majesty, the development of the industrial sector is very good. Our Barcelona Industrial Base is being built very smoothly and is expected to start initial production in the new year.

As of now, the country has added more than 786 small and large factories nationwide this year, including 472 factories with capital exceeding 50,000 Pessetas, and 133 with capital exceeding 100,000 Pessetas.

Currently, our country’s regions have 34 large factories valued over 1,000,000 Pessetas or employing more than 1,000 people, mainly concentrated in Madrid, Seville, and Barcelona.

The Ministry of Industry plans to invest more than 12.25 million Pessetas in the new year to promote the development of factories and related enterprises nationwide and to introduce more factories to the Barcelona Industrial Base.

Originally, without the impact of an economic crisis, it was expected that the number of new factories in our country would hit a new high in the new year. However, given the need to guard against the economic crisis’s impact, it may be that the number of new factories will reduce to around 500.

However, the Ministry of Industry plans to invest over 15 million Pessetas to help factories cope with the possibly incoming economic crisis, which can further reduce the impact of the economic crisis on our industry.

Currently, our country’s total steel output has cumulatively exceeded 950,000 tons and is expected to officially break through the scale of one million tons in the new year.

Among them, our annual steel production exceeds 270,000 tons, and the annual production of pig iron exceeds 680,000 tons, both showing good growth compared to last year.

However, considering the impact of the economic crisis, the Ministry of Industry has set the expected growth target for steel production in the new year at one million tons, with steel and pig iron production targets at 300,000 and 700,000 tons, respectively."

Canovas reported in detail on the state of the industrial sector and development in the coming year, setting a positive example for the other Cabinet Ministers.

In the two years since Canovas took over the industrial department, the sector has developed relatively rapidly.

This is also the reason why Carlo is satisfied with Canovas and plans to appoint him as Spain’s new Prime Minister. Although he is a member of the Conservative Party, Canovas’ personal capability is quite impressive.

With Carlo setting Spain’s large-scale developmental direction and Canovas handling the intricate details in small directions, Carlo is confident he will witness a new golden development period for Spain.

Of course, Canovas cannot always serve as Prime Minister. For talents like Mateo, Carlo does not mind giving them some time to grow.

If someone truly capable competes with Canovas, under assurance of their loyalty, Carlo is naturally happy to see more competition for the position of Prime Minister to prevent the same person from holding the position for too long.

Carlo’s maintaining of the three main political parties in Spain is essentially to ensure that the choice of Prime Minister alternates among these parties, fostering competition and mutual oversight.

This also helps avoid the two-party alternation and opposition-for-opposition’s-sake phenomenon seen in the British Government. Coupled with Carlo’s central control, it ensures the King of Spain retains enough power and is not sidelined by the Prime Minister or Parliament.