Page:Statesman's Year-Book 1899 American Edition.djvu/848

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492

DENMAKK

Revenue

1 Kroner

Expenditure

Kroner

Balance of domain

Civil list and appa-

revenues

821,220

nages

1,203,200

Interest on State as-

Rigsdag and Council

sets

5,030,199

of State

319,016

Direct taxes

10,467,600

Interest and expenses

Indirect taxes, mainly

on State debt

6,828,100

customs and excise.

48,019,000

Pensions, including

Posts and Telegraphs

332,460 ;

military invalids .

3,356,812

Balance of lotteries .

1,100,000

Ministry of Foreign

Separate revenues

570,312

Affairs .

698,556

Revenue from employ-

i

Ministry of Agricul-

ment of property

1

ture

2,448,895

and funding of debt

1,821,501

Ministry of Interior .

4,850,478

Ministry of Justice .

4,594,797

Ministry of Public

Worship & Instniction

4,461,425

Ministry of War

10,316,835

Ministry of Marine .

6,996,844

Ministry of Finance .

4,168,378

Iceland .

78,431

Extraordinary State

expenditure .

5,245,489

Improvement of State

property and re-

Total revenue

duction of debt Total expenditure

12,403,656

68,162,192

67,970,912

An important feature in the administration of the finances of the kingdom is the maintenance of a reserve fund of a comparatively large amount. In 1867 it was 116,246,060 kroner; in 1877, 38,365,915 kroner; in 1887, 17,820,879 kroner. On the 31st of March, 1898, it stood at 17,890,461 kroner. 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, lighthouses, and other works of public importance. The following table gives the national liabilities at diff'erent periods, from 1870 to 1896 : —

Year ending March 31

Capital of Debt

Year ending March 31

1896 1897 1898

Capital of Debt

1880 1890 1895

Kroner 173,838,612 188,148,541 208,428,026

Kroner 199,061,871 196,405,438 208,193,351

The debt is divided into an internal and a foreign. The total foreign debt amounted in 1898 to 138,512,250 kroner. The debt is mostly at 3 per cent