Page:Statesman's Year-Book 1921.djvu/857

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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

The following is an abstract of the Budget for 1921-22 :—
 * Budget estimates.

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.