Finance

Question 1

Expenditure

Answer 1

• Money spent on Court, Army and Ambassadors.
• Income wasn’t enough, had to take out loans, usually from nobility.

Ambassadors: In last 10yrs of I reign, 75 Million Marvedis spent on them.

Army: In 1482, Cost 20 Million Marvedis. By 1504, Cost 80 Million Marvedis .

Question 2

Income

Answer 2

1477: Tax Income 27 Million Marvedis, mostly raised from Alcabala.
- Instead of Tax Collectors, I & F received lump sums from Tax Farmers who paid for right to collect taxes.

Castile Cortes voted for special taxes:
Totalled around 300 Million Marvedis between 1500-1504.

Aragon only contributed a small amount of money.
Revenue from customs increased as trade improved.