When Henry VIII inherited the crown from his father, the monarch's finances were in good order. But Henry VIII's approach to governing England was different from his father's.
He had extravagant taste in clothes, jewels and furs. He was considered the best dressed sovereign in the world. He liked to throw lavish parties and spent money with abandon. He loved to eat and surrounded himself with huge quantities of good food and drink.
He spent huge sums on festivals and tournaments to impress others and to express his power in his kingdom and in the world.
He also spent money on increasing England's Navy from 5 ships to 53 ships.
And, of course, he spent money on his wives, wooing and marrying, supporting and getting rid of wives he no longer needed.