THE FRENCH BUDGET.
A HUGE DEFICIT. [A. and N. Z. Cable Association] PARIS, Alay 17. The Budget for 1923 provides for a total expediture of twenty-three million francs. There is an -estimated deficit of 280 million francs. Three milliard have to be covered by means of loan. Alilitary expenditure increased to the extent of 210 million francs and naval expenditure by 323 million francs. There is no new taxation. PARIS Alay 17. The Alinister of Finance, in presenting the Budget, emphatically declared -.the Budget could not be balanced without the full reparation payments from Germany.
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Grey River Argus, 20 May 1922, Page 5
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95THE FRENCH BUDGET. Grey River Argus, 20 May 1922, Page 5
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