FRENCH FINANCES
DEFICIT OF £45,000,003
INVESTORS NERVOUS. GOVERNMENT RETORT. (United Press Association—By Electric Telegraph.—Copyright.) Received December 19. 8.5 a.m. PARIS, Dec. 18. The Chamber of Deputies passed a Budget providing for a deficit of £•15,000,000.
M. Auriol (Finance Minister) 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. Reynaud declared that investors had a right to be nervous. How could the Government possibly meet the deficit when prices wero rising and unemployment increasing? The Government retorted that the revival of French trade was a reality, despite the fact that the effects of the devaluation had not yet been fully felt.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 18, 19 December 1936, Page 9
Word Count
116FRENCH FINANCES Manawatu Standard, Volume LVII, Issue 18, 19 December 1936, Page 9
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