GERMANY'S BUDGET
STRUGGLE TO MAKB ENDS MEET.
(Renter's Telegram.) (Received 12th February, 10 a.m.)
BERLIN, 11th February.
The Reichstag began the first reading of the 1925 Budget, which balances at 7,400,000,000 marks. The Finance Minister, Herr Reinhold, outlined the Government 's programme. He said that there were 2100 bankruptcies last month, and approximately; 2,000,000 unemployed. The chief causes of the depression were lack of capital and excessive taxation.
Various economies would be effected and extraordinary expenditure would henceforth be Covered by loans. A Bill would be included in the programme to reduce the present 1 per cent, turnover tax to .6 per cent., and the companies' fusion tax from 2 to 1 per cent.
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Bibliographic details
Evening Post, Volume CXI, Issue 37, 12 February 1926, Page 9
Word Count
114GERMANY'S BUDGET Evening Post, Volume CXI, Issue 37, 12 February 1926, Page 9
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