That really hasn't been my experience - I've found that, typically, mercenary upkeep is more expensive - which makes sense: these guys are demanding a pretty penny for their expert services. -MMercenaries are expensive when you hire them, but their upkeep isn't higher then that of normal units.
@vladiator
If you are able to get some spare money due to this tips you should build mines in Spain and the alps (maybe illyria?) especially in provinces with 2 or 3 mines. They givean enormous boost to your economy.
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