The Archive · 1923

JAPANESE BUDGET

General Reduction of Estimates Tokio, Nov. 14 (delayed)

The budget estimates for 1994 show decreases in revenue of Y.129,000,000 and in expenditure of Y.104,000,000, the difference. being made up by carrying forward Y.25,000,000 from this year. The estimates of every department are reduced, except the estimates of the Department of Education, which are increased by Y.3,000,- 000, owing to the school rebuilding programme. The greatest reduction, amounting to Y.40,- 000,000, will be effected in the Navy, the estimates for which include Y.88,000,000 for auxiliary vessels, Y.13,000,000 for land and water defences, and Y.2,000,000 for the reconstruction of ships.

The military estimates votal Y..193,000,000, which is a saving of Y.10,000,000 on the pre-earthquake figures by the curtailment of the defence programme. Y.1,- 000,000 is saved in general administration expenses.

The foregoing figures do not include restoration expenditure, which is at present undetermin-

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account