"Previous Governments. altempled view to achieving the Mrst signs of which are already evidence," said the Finance Minster, M. Vincent Aurlol, yesterday afternoon in outlining, before the Chamber of Deputies Finance Comraittee, the main lines of the 1997 Dudget to be tabled before the coming session of Parliament.
The Minister explained that _recovery was stimulated by the Governments's social reforms, extensive ublic works, and the alignment of the French currency through devaluaton, Large sums had been repatriated to France lately, as a result of the devaluation, Mi. Aurlol revealed, The real defeat of the 1996 budget, the Minister announced, amounted '¥r,6,000,000,000 owing io unforeseen extra expenditures, Ineurred despite the deflation policy followed by Premier Leon Blum's predecessors.
Total Figures Stationary The total Mgures of the budget remained stationary during the past few years, roughly at F.50,000,000,000.
The defeat, however, varied Between Fr.11,000,000,000 in 1933 and Fr.6,000,000,000 in 19:
The speaker emphasized that the ational debt and armament expenses, chiefly responsible for the deficit, could not be reduced as long as the international political "situation. re~ maltied unsettled, Tu the 1937 budget, the Minister armament expenses and the Eve special, accounts and will. be lie worke expenditure will form
covered by the national defence loan by-the refunding to the state of Tosns previously launched on behalf. of the autonomous sinking fund on the occasion of conversions,
Text read from the printed page and cleaned; old type leaves the occasional error.