Page:Statesman's Year-Book 1921.djvu/1339

 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. '