SWEDEN’S FINANCES

Greymouth Evening Star, 1 April 1933, Page 10

SWEDEN’S FINANCES

:> ez FACED WITH DEFICIT. Acordingc to the estimates of the National Accounts Office, there will be V a deficit of 90,000 kr (about £4,500,000 • at par) in the next Swedish fiscal 3 year, if the present basis of taxation • is maintained. The decline in taxable “ incomes and revenues is estimated a'; £50,000,000 since 1931, when they to- - tailed £310,000,000. This is anothe • > problem which the Socialist Govern 1 nient has to face in 1933. The pre - F sent Budget, is also expected to show ;• - deficit of approximately £2,600,001'. ) the greater part of which will probabl; ’ be met from sinking fund appropriaI tions. The Government has alreml/ j announced IhaL it contemplates mak L ing substantial savings on national de j fence, but these touch only the fringe > of flic problem. Statements made bj j members of the Cabinet, at variou:. [ times seem to indicate that tho Go- . [vernnient is planning lieav,y expend!-1 . j lure on unemiploymenf. schemes. There seonis !e> be good foundation for t!iJ rumour which has been current, in pel: itical circles for some tune that, the; G< ivernment intends to submit, a. e.umprt ’! hensive plan for public works soo ■ '! after meeting the liiksdag in Januar. l . /and that it will stake its existence o . . the acceptance of such a. plan.