FRENCH BUDGET
A HUGE DEFICIT NO INCREASE IN TAXATION. P-«s« Association—By Telegraph—Copyright PARIS, December 18. (Received December 19, at 1.30 a.m.) The Chamber of Deputies passed the Budget, [providing for. a deficit of £45,000,000. M. Auriol explained that fully 60 per cent, of the Budget was allocated to public debt and national defence. It was impossible to increase taxation. M. Reynaud declared that investors had a right to be nervous. How could the Government possibly _ meet the deficit when prices were rising and unemployment increasing? The Government retorted that revival of French trade was a reality despite the fact that the effects of devaluation were not yet fully felt.
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Evening Star, Issue 22526, 19 December 1936, Page 17
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109FRENCH BUDGET Evening Star, Issue 22526, 19 December 1936, Page 17
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