Page:Statesman's Year-Book 1871.djvu/84

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.
48
DENMARK.
Sources of Revenue Rigsdaler Skilling
Direct taxes 3,957,304    0
Income tax 1,000,000 0
Customs and Excise 7,852,614 46
Crown lands 657,909 58
Indirect taxes 1,781,500 0
Post Office and Telegraphs 158,849 28
Lottery 165,174 0
Interest on Reserve Fund 2,312,819 35
Contribution from capital of ditto 4,746,169 11
Miscellaneous receipts 314,456 57
Total 22,987,136 43 or £ 2,554,126
Branches of Expenditure Rigsdaler Skilling
Civil List of the King and Royal family 707,924 0
Interest of National Debt . 7,355,707 45
Pensions 1,958,543 35
Army 4,194,291 82
Navy 1,880,652 44
Civil Service 2,883,348 64
Legislature 100,000 0
Railroads 2,825,000 64
Extraordinary expenses 897,200 31
Total 22,802,668 13 or £ 2,533,630

According to these estimates, there will be a surplus, in the financial year 1869–70, of 184,468 rixdollars, or 20,496 £.

An important feature in the administration of the finances of the kingdom is the maintenance of a Reserve Fund of a very large amount. On the 31st of March, 1869, the Fund stood at 6,500,000 £., or considerably more than the national revenue for two years. It is contemplated gradually to reduce the Reserve Fund, in the years 1869–77, to 16,000,000 rigsdaler, or 1,780,000 £.

The public debt of Denmark, incurred in part by large annual deficits in former years, before the establishment of parliamentary government, and in part by railway undertakings, amounted to 119,141,086 rigsdaler, or 13,239,872 £., on March 31, 1869. It has been in course of reduction since 1866, as shown in the following table, which gives the national liabilities at five different periods:—

Years,
ending March 31
Capital of Debt
Rigsdaler £
1861 98,261,793 11,054,451
1863 95,734,757 10,770,159
1866 132,110,802 14,862,465
1867 130,609,721 14,512,191
1869 119,141,086 13,239,872