Under Philip IV, the annual ordinary revenues of the French royal government totaled approximately 860,000 "livres tournois", equivalent to 46 tonnes of silver. Overall revenues were about twice the ordinary revenues. Some 30% of the revenues were collected from the royal demesne. The royal financial administration employed perhaps 3,000 people, of which about 1,000 were officials in the proper sense. After assuming the throne, Philip inherited a sizable debt from his father's war against Aragon. By November 1286 it reached 8 tonnes of silver to his primary financiers, the Templars, equivalent to 17% of government revenue. This debt was quickly paid off, and, in 1287 and 1288, Philip's kingdom ran a budget surplus.