FRENCH BUDGET
Huge Deficit Of £45,000,000 ALLOCATION TO DEBT AND DEFENCE (UNITED PHE3S ASSOCIATION—COPYRIGHT.) (Received December 19, 2 a.m.) PARIS, December 18. The Chamber of Deputies passed the budget, providing for a deficit of £45,000,000. The Minister for Finance, M. Auriol, explained that fully 60 per cent, of the budget was allocated to the public debt and national defence. It was 'impossible to increase taxation. M. Paul Reynaud declared that investors had the right to be nervous. How could the Government possibly meet a deficit when prices were rising and unemployment increasing? The Government retorted that the revival of French trade was a reality, in spite of the fact that the effects of devaluation were not yet fully felt.
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Bibliographic details
Press, Volume LXXII, Issue 21970, 19 December 1936, Page 15
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119FRENCH BUDGET Press, Volume LXXII, Issue 21970, 19 December 1936, Page 15
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