Reference :  Repiblica Portuguesa. Orgamenio Geral Proposta de lei das receitas 
e despesas ordindrias e exiraordindrias do Estado na Metropole. Para o ano econémico de 
1925-1926. Lisboa, Imprensa Nacional, 1925. 
B. — Import and Export Statistics 
Year 1 Imports Exports Balance 
(in escudos) 
1923.0... 2.230,000,000 680,000,000 — 1,550,000,000 
1924... ..... .... .23,178.905,673 1,271,609,136 — 1,907,296,537 
ROUMANIA 
A. — Budgetary Situation 
Year Revenue Expenditure Balance 
(in lei) 
1922/1923. ....... 14,403,424,166 10,498,283,482 - 3,905,140,684 
1923 (9 months). ... 17,767,754,059 15,406,457,918 4 2,361,296,141 
1924. ............ 16710,692,5142 24,000,000,000 3 — 7,289,307,486 
1925... ee ee E53 1,749,980,000 31,750,000,000 ee 20,000 
The exact surplus of Roumanian receipts over expenditures for any given 
fiscal year is difficult to determine. Collections and payments under any par- 
ticular budget are frequently made up to six months after the close of the 
budgetary year. Moreover, certain ministries, particularly the Ministry of War, 
sometimes obtain ‘‘supplementary credits” and make payments which are not 
provided for in the budget and from funds the sources of which are not made 
public. 
During the twelve months ended March 31, 1923, “supplementary 
credits’ to the amount of approximately 3,750,000,000 lei were eventually 
announced, and it is understood that other ‘supplementary credits’ which were 
not specifically made public brought this amount up to a total which just about 
balanced the budget. Similarly, the surplus for the nine months of 1923 is 
understood to have been used. As for the budget for the year 1924, the Prime 
Minister has recently announced a surplus of approximatelv 4,900,000,000 
lei against which credits amounting to about two billion lei are already stated 
to have been opened, chiefly for the army, the railroads, and public education. 
In recent years, however, expenditures have not exceeded the revenue. 
1. The figures for the year 1922 and for the first part of 1925 are not available. 
2. Receipts for 9 months. 
3. Estimates for 12 months.