Page:Statesman's Year-Book 1899 American Edition.djvu/1371

This page needs to be proofread.

FINANCE

1015

The ordinary rcvcnuo and expenditure in five financial years have been as follows : —

Financial Years

Revenue

Expenditure

Pesetas

Pesetas

1892-93

707,398,172

782,130,858

1893-94

749,563,003

763,219,972

1894-95

754,993,033

780,242,373

1895-96

766,022,872

803,448,751

1896-97

822,411,446

808,955,658

The probable revenue for 1897-98 amounts to 806,258,027 pesetas, and expenditure to 855,678,622 pesetas. The following are the estimates fop 1898-99 :—

Revenue

Expenditure

Pesetas

Pesetas

Direct taxes on land.

Civil list .

9,250,000

trade, mines. Govern-

Cortes

1,638,085

ment salaries, regis-

Public debt

399,236,678

tration, &c. .

297,360,810

Judicial expenditure .

1,614,651

Indirect taxes, cus-

Indemnities and pen-

toms, excise, &c.

305,273,000

sions

61,749,730

Tobacco monopoly.

Council of Ministers .

980,883

lottery, mint, and

Ministry of Foreign

minor sundries

132,696,024

Affairs .

4,935,919

Revenue from national

,, ,, Justice

54,748,649

property .

24,787,056

,, War.

145,929,521

From the public trea-

,, ,, Marine

25,190,539

sury

105,700,000

,, ,, Interior ,

28,381,198

,, ,, Pub. "Works, 1

&c.

80,728,570 :

,, ,, Finance .

18,659,467

.

Tax collecting .

34,560,528

Fernando Po

875,000

Tntnl

fifiT 816 890

Total .

868,479,417 j

A law of May 17, 1898, provides for an extraordinary expenditure of 209,423,917 pesetas by extraordinary credits as follows : Tobacco Company's advance, 31,070,232 pesetas ; loan on guarantee of Almaden mines, 90,000,000 pesetas ; from tax on traffic, 88,353,685 pesetas. These operations are to be sjiread over the six years ending in 1904.

In 1897 the public debt of Si)ain was ai)iiroxiiiiately as follows : — Con- solidated debt, 183,967,O0OZ. ; redeemable, 66,225,000/. ; treasury debt (including 18,280,000/. floating debt), 32,854,000/. ; total, 283,046,000/. The external 'debt in 1898 stood as follow>; :— Quicksilver loan, 348,400/,;