THE FRENCH' BUDGET.
A QIC DEFICIT. (Bv Electric Telegraph—Copyright) [United Press Association.! « . (Received 5.40 a.m.) Psw ; h4 s6veinJ)M-d. M. Dumont (Minister of Finance)’ in his Budget speech in the Chamber of Deputies, stated that flu* expenditure for 1914, ivas estimated at £2l-1,900,000, leaving >'a" deficit of £Bl, 000,9(11), which was due to the operations in Morocco, and £18,000,000 to military reforms. Half’ the deficit was covered by a loan, in addition to a £40,000,000 loan in connection with the Triennial service system. The remainder of the deficit was covered hv increased taxation, including a double duty on Bourse transactions and a tax on inherited property. 4he last named was estimated to yield three millions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/STEP19131106.2.40
Bibliographic details
Stratford Evening Post, Volume XXXVII, Issue 56, 6 November 1913, Page 8
Word Count
114THE FRENCH' BUDGET. Stratford Evening Post, Volume XXXVII, Issue 56, 6 November 1913, Page 8
Using This Item
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in