Tokyo, Aug. 31.
Japan ended the 1937-38 budgetary year tu March 31 with a net surplus of Y.84,160,507, against an. excess of Y.34,638000 during the previous twelve months, the Ministry of Finance announced today.
Officials ascribed the increase to higher taxation and corresponding larger Government revenue assisted by the "war boom." Government economy was also credited with having played an important part.
Actual Government revenue in the 1937-38 fiscal year was Y.2,914,470,000 35 against an expenditure of Y.2,709,157,- 000, with a resulting surplus of 1Y.205,313,000 whereof—Y.121,152,000 was carried over to the 1937-38 budget. The net surplus amounts to Y.84,160,000.
Text read from the printed page and cleaned; old type leaves the occasional error.