Page:Indian Journal of Economics Volume 2.djvu/292

 Decreases are anticipated only in the cases o! opium, stamps and salt, the latter because orders which were paid for in dvanee last year are. months in srrear, and no more are to be booked for the present. The total revenue estimated in last year's Budget was 148 erores; the revised estimate for last year, based on actual figures for the greater part of the year, shows nearly t65 erores received, estimate is put at nearly and the the present Budget same figure-168 erores. The following table compares the Budgqt with the Revised Estimates: lievenue Expenditure ftll*l)1118 REVlSED ESTIMATES, 1917-18 lmperlsl 114,84 106,28 8,6 Provincial 50,0t 47,28 2,76 Toal Rs. ak 164,88 154,56 10,82 lmperhd 111,45 107,58 8,87 BUD(JET 1918-19 lovineial P.J./akhs $2,88 $2,13t Total /. lakhs 168,78 159,7t 4,07 As no untoward circumstances likely adversely to affect the revenue have yet, developed it seems likely that the substantial Budget estimates amount and the will be exceeded surplus may. very by a likely be as great as last year. The fact is that budgetting for a year in advance is an impossibility in war time because emergehey expenSiture, or a sudden decline or accession of revenue may at any moment be m//t with. In reality the big surpluses which are shown by the years and may be anticl- are more than half ill u- accounts for the past two pad for the present year sory, because the extraordinary profits of the railways arise in great measure from the suspension of a large part of the normal repairs and renewals due to diffi- culties of obtaining material in war time, The sur.