rTNAN'CK
801
The following shows the actual revenue and expenditure for the four years ending March 31 and the estimates for 1920-21 13.16 kroner- 11.):—
Revenue
Expenditure
Current
From State Capital
-. ' '." 1 For increase of Current : State Capital
£ 1916-17 . 13,590.563 1917-18 . . . -'0. 1918-19 .
1919-20 . . 32,994,094 1920-21' . . . 23,753,799
4
13,415,676
3,549,474
9.9$:
-•.278 141,113
£ t 13 916,079 2,599,204 ^,449 3 4*6,015
»,5-'. mi jm
15,9; 2,714,043
- Budget estimates.
The following is an abstract of the Budget for 1921-22 :—
Current reTenue
Balance of domain rerennes Balance of State under
taking .... Interest on outstanding debt Balance of funds, etc Direct and indirect taxes Balance of lotteries Separate revenues .
Kroner 1,681,623
393.120
6,102,410
631,898
3<>4,878,25j
Current expenditure
Total revenue
I 318,3-
-,o6on
Ciril lift and appanages Rigsdag.
Interest and expenses <
State debt Council of State . Ministry of Foreign Affairs Ministry of Ecclesiastical
Affairs
Ministry of Publiclnstrnction Ministry of Justice ry of Interior Ministry of Agriculture Mill i j of War . ry of Marine Ministry of Finance Ministry of Public Works Ministry of Commerce and
Navigation Pensions
Total expenditure
1,252,000 3,000,000
39,930.400
437,884
3,075,005
3,351,359 64,751,346 38,594,094 43,623.650 I0.6IMU
2.>,2OO,0O0
23,616,7P0
4,083,619
4,325.957
11.337,4'JO
325,317,935 (18,073,2181.)
The actual expenditure of the Ministries of War and Marine respectively are shown for four years as follows : —
1917-18
1918-19
1S19-50
Ministry of War . Ministry of Marine
Kroner Kroner
- o,75i
25,543,747 30,377,041
Kroner Kroner
87.151.377 Sx.M4.74-
38,874,V'71 25.373,081
An important feature in the administration of the finances of the kingdom is the maintenance of a reserve fund of a comparatively large amount. On March 31, 1917, it was 636,52U. ; 1918, 636,735Z ; 1919, 623.1S9J. ; 1920, 533.335Z. The object of the reserve fund is to provide means at the disposal of the Government in the event of sudden occurrences.
The public debt of Denmark has been incurred in part by large annual deficits in former years, before the establishment of parliamentary govern- ment, and in part by railway undertakings and the construction of harbours.
