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Bulgaria - Palgrave Connect

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Years<br />

1896<br />

1897<br />

1898<br />

1899<br />

1900<br />

FINANCE 11(11<br />

Revenue Expenditure<br />

£E<br />

10,693,000<br />

11,092,564<br />

11,347,980<br />

11,415,000<br />

11,447,000<br />

£E<br />

10,377,000<br />

10,659,257<br />

10,863,955<br />

10,254,000<br />

9,895,000<br />

The surplus in 1900 was thus £E1,552,000, of which [££559,000 belongs<br />

to the Egyptian Government; £E666,000 is the net amount paid to the<br />

General Reserve Fund; £E265,000 has been paid to the Economies Fund,<br />

and £E62,000 is devoted to the Sinking Fund.<br />

The Budget estimate of revenue and expenditure for two years were :—<br />

Revenue<br />

Direct taxes:<br />

Land tax<br />

Various .<br />

Indirect taxes:<br />

Customs.<br />

Tobacco .<br />

Miscellaneous<br />

Other Taxes .<br />

Miscellaneous .<br />

Receipts from<br />

Revenue<br />

Earning Administrations:<br />

Railways<br />

Telegraphs<br />

Post Office .<br />

Other Services<br />

Total Ordinary<br />

Revenue<br />

Contribution<br />

from General<br />

Reserve Fund<br />

Total .<br />

1900 1901<br />

£E 1 £E<br />

4,423,000 ! 4,698,000<br />

137,000 i 137,000<br />

900,000 900,000<br />

1,000,000<br />

593,000<br />

662,000<br />

214,000<br />

1,820,000<br />

57,000<br />

125,000<br />

233,400<br />

1,000,000<br />

522,000<br />

615,000<br />

207,000<br />

2,000,000<br />

50,000<br />

120,000<br />

229,400<br />

10,164,400 10,484,400<br />

215,600 : 215,600<br />

|<br />

10,380,000 10,700,000<br />

Expenditure<br />

Civil List . . . .<br />

Expenses of Administration<br />

Expenses of Revenue Earning<br />

Administrations :<br />

Railways . . . .<br />

Telegraphs .<br />

Post Office<br />

Other Services .<br />

Army:<br />

Egyptian Army<br />

Army of Occupation<br />

Pensions . . . .<br />

Tribute and Debt:<br />

Tribute . . . .<br />

Expenses of Caisse de la<br />

Dette . . . .<br />

Consolidated Debt 1 .<br />

Non-Conso'idated Debt .<br />

Suppression of Corvee<br />

Soudan Deficit .<br />

Reserve for Unforeseen Expenditure<br />

.<br />

Total Ordinary Expenditure<br />

Conversion Economies<br />

Sinking fund on Guaranteed<br />

Loan<br />

Share of Surplus paid into<br />

General Reserve Fund .<br />

Total . . . .<br />

1990<br />

£E<br />

253,861<br />

2,281,085<br />

915,412<br />

44,000<br />

108,159<br />

66,492<br />

439,570<br />

84,825<br />

437,000<br />

665,041<br />

36,500<br />

3,431,978<br />

264,858<br />

250,000<br />

417,179<br />

32,000<br />

9,727,960<br />

265,037<br />

61,109<br />

325,894<br />

1901<br />

£E<br />

255,361<br />

2,322,105<br />

957.200<br />

44,000<br />

114,973<br />

69,590<br />

439,870<br />

84,825<br />

437,000<br />

665,041<br />

37,300<br />

3,489,202<br />

207,082<br />

250,000<br />

417,179<br />

32,000<br />

9,822,728<br />

265,037<br />

63,385<br />

484,850<br />

10,380,000 10,630,000<br />

1 Exclusive of the Daira Sanieh and Domain Loans.<br />

The foreign debt of Egypt began in 1862, when loans amounting to<br />

4,292,8002. were issued for the purpose of extinguishing the floating debt.<br />

Other issues followed in rapid succession, and in 1870 the amount of the<br />

foreign loans, had increased to 38,307,0002. To this was added in 1873 a loan<br />

of 32,000,0002. to pay off the floating debt, which had risen to 28,000,0002.<br />

In 1875 the Khedive announced that he was in difficulties, and in 1876,<br />

acting on French advice, he issued decrees consolidating the debt into one<br />

4 F<br />

10.1057/9780230270305 - The Statesman's Year-Book, Edited by John Scott-Keltie<br />

Copyright material from www.palgraveconnect.com - Trial Access - <strong>Palgrave</strong><strong>Connect</strong> - 2012-11-24

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