FINANCE — IVBFENC1
1287
Finance.
Revenue and expenditure for five "years : —
1917
1918
Revenue . Expenditure
1,008
1 ,336,51 *> 1,615,600
1919-20
1,000 Pesetas 3.020,550 3,074,959
1920- 21 1
1,000 1,000
Pesetas Pesetas
1,842,720 . 1,976,663
2,403,730 ! 2,550,794
i Estimates. The budget for the fiscal year 1921-22 is made up as follows: —
Revenue
Pesetas 731,728,000 '
Expenditure
Pesetas
Direct taxes
Royal household .
9,415,000
Indirect Taxes
7:1,560,000 .
Legislature ....
i6,000
Monopolies ....
44-.J45.0O0
Public Debt ....
S4.000
State properties-
Pensions ....
•0,000
Income ....
714,800
Presidency of the Council
Sales ....
621,000
of Ministers .
955,000
Resources of the Treasury .
Ministry of Foreign Affairs
U,«S1,000
„ ,, Grace & Justice
91.756,000
„ „ War .
374,'. 34,000
„ ,, Marine
76,225,000
,, ,, Public Instruct-
ion & Fine Arts
132.051,000
„ Food .
6,173,000
-
„ ,, the Interior
->.S44.'"
„ „ Finance
34.94S.000
Cost of collecting Revenue .
216,135,000
Spanish Possessions in the
Gulf cf Guinea .
2.387,000
Expenditure in Morocco . Total Ordinary .
185,890,000
2,188,279,000
Total Extraordinary . Grand Total .
361,515,000
Total ....
1,976.663,000
2,550,794,006
.107/.)
(91,099
The National Debt of Spain on January 1,1 921, amounted to 11,992,949,525 pesetas (479,717,981/.), composed as follows: — External Debt :—
3 per cent, and 4 per cent, perpetual exterior debt —
sealed bonds
Internal Debt :
Pesetas.
910,761,400
4 per cent, perpetual internal debt
5 per cent, redeemable debt (1980) 5 per cent, redeemable debt (1917) 4 per cent, redeemable debt (190S) Xon-interest bearing debt due to officials . 1 Pagares ' of the Ministry of the Colonies
1,442.427,500 1,009.562,500
143,670,000 1,006,597
100,000.000
ll.i>92.
Defence. Akmt.
Military service in Spain is compulsory. The total term of service is for 18 years. The law in force (1912) divides this period into the following : — 1 year, recruits in deposit (' Eeeluins en Caja ) ; 3 years, active army (1st standing) ; 5 years, active army (2nd standing) ; 6 years, reserve ; and 3 years, territorial reserve. There is at present no organisation for the ' territorial reserve. '
