THE CUBA R E V I E n 



Cuban Budget for 1923-24 



The Cuban budget for the fiscal year ending June 30. 1924. was passed by the 

 Cuban Congress June 30, 1923. Only the totals have as yet been published, the detailed 

 items which form an integral part of the law not yet having been printed in the Ofiicial 

 Gazette. The budget of expenditures is divided into two parts — the fixed budget and the 

 budget of expenses, as shown in the following table. The total is the sum of the two 

 budgets. For purposes of comparison the corresponding figures of the 1922-23 budget 

 are also shown. 



The Cub.vx Budget for 192,3-24 



1922-23 1923-24 Increase in 



1923-24 

 Receipts 855,638,800.00 868,500.000.00 812,861,200.00 



Expenditures: 



Fixed budget 814,278,892.68 817,479,240.38 83.200,547.70 



Service of the public debt 8.608,961.22 12.248.492.50 3,187.131.50 



Lectislative Power 2.178,600.00 1.718.000.00 460.600.00 



Judicial Power 3,499,331.46 3,512,747.88 13,416.20 



Budget of expenses of Executive Depart- 

 ments 40,573,409.43 44.192,928.90 3,619.519.47 



Presidencv 182,385.00 542.385.00 360,000.00 



State Department 1.340,709.47 1.340,709.47 



Justice Department 253,665 .00 253,665 .00 



Interior Department 6.798.052.50 8.025,764.40 1,227,711.90 



Treasury Department 2,874,801.40 3.225,661.40 350,860.00 



Addition, Treasurv Department 695,117.50 695,117.50 



Public Instruction 8.424.851.54 9.578,451.56 1,153,600.02 



Public Works 3,713,518.00 4,055,046.00 341,528.00 



Sanitation and Beneficence 4.749,508.05 4,935.327.60 185,819.50 



Agriculture Department 783,973.00 783,973.00 



WarandXavv 9,516,024.75 9,516,024.75 



Special Fund for Veterans 1,240,803.22 1,240,803.22 



Total e.xpenditures authorized 854,852,302 . 11 861,672,169.28 86.820,067 . 17 



The sources of the estimated revenue are as follows: 



Customs revenues, including the amounts assigned to the fixed budget 831,061,000 



Fees and port improvements 1 ,600,000 



Consular fees 1.400,000 



Postal and telegraphic receipts 2,061,000 



Internal revenues 24,078,000 



National lotterj- 4,100,000 



Special revenue of the loan, including the amount set aside for the fixed budget 4.200,000 



Total receipts 868,500,000 



The receipts, while greater than those estimated for the fiscal year 1022-23, are 

 believed to be less than those actually collected, although figures are not yet available 

 for the year just ended. 



The fixed budget shows an increase corresponding to the necessary outlay for the 

 service of the $50,000,000 loan placed in the United States in Januar>\ 1923. The 

 contract covering that loan provided that 10 per cent of the Treasury receipts in excess 

 of $60,000,000 be applied to extraordinary amortization of the loan. The new budget 

 law carries with it the obligation of employing for this purpose the estimated sum of 

 $850,000. The amount actually applied to this purpose may be greater, in view of the 

 increased prospect for revenue in excess of that estimated. 



The law of October 9, 1922, authorizing the 850,000,000 loan, also requires that 

 the surplus of receipts over the budgeted expenditures (plus appropriations made by 

 special laws during the fiscal year) be applied to additional retirement of bonds of the 

 public debt. 



