The total of the expenditure in cluded in the budget of the Central Government has been steadily. increasing in recent years, indicating both the widening needs of the State and the Government's - increasing control of the country. But the income derived from current revenues has also shown notable growth, This improvement in revenue recelpis has been made possible through development of revenue sources, various reforms in administrative machinery, and centralization of fiscal control, despite the fact that general economic' conditions in the country have been such as to operate against progress. Unforfinately, the large sums reguired for meeting military expenditure and debt service have forced the Government to resort again to borrowing to meet current expenditure, although for over a year and a. half' ending with the full of 1993 the Government was able to dispense with issuing new bonds for general Durposes. In the other hand, against the amount of the deficit incurred in recent fiscal years, an almost equal amount of old indebtedness has been liquidated and thus set off every year. Moreover, a considerable amount of money has gone into capital expenditure, either in Gov-eonment enterprise or for reconstruction purposes, which may be expected to result in increasing yield of revenues to the Government and and material benefit to the people.
Efforts are being made' to. cut! down military expenditure progress sively. With very real progress made in the liquidation of the Commanistbandit menace, and provided no new difficulties occur. it is earnestly hoped that considerable reduction may' be effected before long. thus enabling funds to be turned to more produetive channels,
Text read from the printed page and cleaned; old type leaves the occasional error.