FINANCE
98a
In the Budget statement the revenue and expenditure are distributed over four categories, summarised as follows : —
1912-13
1st Category (effective)
2nd Category
(Construction
of railways)
3rd Category
(Movement of
capital)
4th Category (Virements)
Total
Revenue Expenditure
Lii-e 2,333,859,848 2,295,301,926
Lire
43,900,000 43,900,000
Lire 208,161,393 230,897,828
Lire
60,073,429 60,073,429
Lire 2,645,994,671 2,680,172,684
Difference .
-1-88,557,922
—
-22,735,935
—
-M5,821,987
Public Debt.
Interest (including premiums) and sinking fund of the Public Debt 1911-12:—
Debts
Per Gent.
H 3
31
4
3 to H
3to5 3to6
Rentes, Inter- ests, &c.
Sinking Fund 1910-11
Lire
20,308,488
34
395
25,840
Tear of Extinc- tion
1 I. Consolidated debt 1 :
Rentes at3^pr. ct. (ex. 3^) >j 3 ,,
4
Lire 283,448,335 4,803,145 33,012,286 32,453,595"^
—
Total consolidated debt .
353,717,361
20,334,757
~
II. Permanent annuity due to) the Holy See . . /
3,225,000 7,024,231
—
■—
III. Debts separately inscribed :
281,274
11917- /1961
IV. Various debts
V. Rentes which should be in-) scribed in the Grand Livre/ VI. Floating debt :
Treasury ordinary bonds
(interest) Current accounts (interest) Bank advances ( ,, )
110,939,345
1,049,967
11915- /1970
—
56,276
—
4,000,000 1,500,000
—
—
Total public debt .
495,996,302
21,855,474
!
1 By-law of May 1, 1912, the interest on the 5 p.c. (gross) and 4 p.c. (net) consolidated debts is reduced from 3| p.c. (net) to 3^ p.c.
- Former consolidated 4^ per cent, preserved solely in favour of Public Charitable Institutions.
