The Archive · 1940

Huge Expenditure Goes Through Unquestioned

Tokyo, Mar. 15.

The House of Peers today unanimously passed the Budget, approximate ing Y.10300000000, for the coming financial year, which dotes from April 1. The Budget was possed without amendment.

The budget was unanimously passed by the Lower House on February 22.

The estimates of General Account expenditure in the Japanese Budget for 1940-41 total Y,5,822,962,303, an increase of ¥.1,018,418,776 over that of the previous period of Y.4,804,543,527. Minus transfers to Emergency Military Expenditure and also deducting the tax cession allotments to Local Governments' Special Account, which were created with the 1940-41 period and whose 1939-40 equivalents were the Emergency Local Government subsidies, the 1940-41 General Account expenditures are Y.4,945,606,683, This figure compares with the preceding period's Y.4,121,256,664, and is an increase of Y.824,250,019.—Reuter,

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

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