20 



The Finances : Supplementary. 

 Budget for 1923-4. 



1. The following figures are quoted from the budget 

 estimates for 1923-4:- 



RECEIPTS : 



Escudos. 



Ordinary 540,524,713 



Extraordinary 133,551,450 



Total 674,076,163 



(9,257,076) 



EXPENDITURE : 



Escudos. 



Ordinai'y 452,969,908 



Extraordinary 360,445,964 



Total 813,415,872 



(11,143,550) 



Escudos. 

 FORESEEN DEFICIT 139,339,709 



Comparing these figures with those of the last budget 

 there is an increase of 412,524,000 escudos under the heading 

 of receipts and an increase of 224,508,000 escudos in 

 expenditure. 



The foreseen deficit is 187,661,000 escudos less than that 

 of last year. 



New taxes have been enforced and are expected to yield 

 a great revenue. 



The following are the estimated receipts for 1923-4 : 



Escudos 



Direct taxes 140,145,985 



Stamps and registration ... 58,730,000 



Indirect taxes 209,951,230 



Monopolies, &c. ... ... 25,077,523 



State- owned properties ... 4,593,024 

 Dividends of shares held by 



the Treasury 47,629,339 



Reimbursements 3,649,831 



Self-governing services ... 50,747,778 



Total 540,524,713 



