FRENCH BUDGET
PROVIDES FOR DEFICIT OF £45,000,000 TRADE REVIVAL A REALITY (United Press Association —By Electric Teleeraph—Copyright) PARIS, 18th December. 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 Budgpt was allocated to public debt and national defence, and 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 was increasing? The government retorted that the revival of French trade was a reality despite the fact that the effects of devaluation were not yet fully felt.
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Nelson Evening Mail, Volume LXX, 19 December 1936, Page 15
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111FRENCH BUDGET Nelson Evening Mail, Volume LXX, 19 December 1936, Page 15
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