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SPAIN 
A. — Budgetary Situation 
Before the World War and until December 31, 1918, the Spanish fiscal 
year coincided with the solar year. After that date the fiscal year ran from 
April 1st to March 31st. A Royal Decree of March 31, 1924, prolonged 
until June 30th the budget for the year 1923-24. 
Year Revenue Expenditure Balance 
(in pesetas) 
April 1, 1921-March 31, 1922...... 4,362,000,000 3,633,000,000 - 729,000,000 
April 1, 1922-March 31, 1923...... 2,953,000,000 3,375,000,000 — 422,000,000 
April 1, 1923-June 30, 1924....... 3,604,301,306 3,508,437,644 + 95,863,662 
July 1, 1924-June 30, 1925........ 2,800,392,568 2,941,724,894 — 141,332,326 
July 1, 1925-June 30, 1926........ 2,785,288,568 3,092,538,991 — 307,250,423 
A detailed statement of the budget for the fiscal year 1925-1926 follows: 
Revenue Expenditure 
1. Direct taxes (land, industry, i. — General state expenditures : 
: PARoval House ..... a0. 9,500,000 
commerce, income, transfer Parliament ....... i. ensnie 2,056,298 
and inheritance; profits from ¥ Pale Seb. NEL pie de ren 776,910,724 
' 4. Pensions an OTIS ale ow «roti 102,676,920 
the Bank of Spain, etc.).... 1,002,673,068 5. Supreme Tribunal of Finance 1,242,250 
> Indirect taxes (customs; sugar, Total for G. S. E. ...... 802,386,192 
alcohol, chicory; dues from IT. — Ministries : 
1. Presidency of Council and of 
free ports of Canary Islands, Government | .'... 0... a5. vie 15,725,065 
consular fees; stamps, etc.) 1,053,304,000 2. Ministry of Foreign Affairs. . 11,803,618 
: . 3. Ministry of Justice : 
- Monopolies and state enterprises ay civil services .......... 40,321,225 
(tobacco, matches, lotteries, b) public worship ......... 61,135,021 
4. Ministry of War... 0. 442,931,377 
telephones, telegraphs, etc.) 12,900,000 5. » of the Marine ..... 179,128,240 
: : 6. » of the Interior .... 255,416,796 
4. Public domain... ."...cxscrne 31,761,000 7. » of Public Instruction 
and Fine Arts.... 178,396,081 
5. Other revenues of Treasury... 54,650,000 8, »n of Public Works and 
Agriculture. ..... 421,207,476 
9. » of Labor, Commerce 
and Industry .... 15,511,349 
10. » of" Finance '.......: 31,007,212 
Total for Ministries....... 1,653,483,460 
III. — Miscellaneous : 
I. Administration of taxes and 
FEVEnUe rs ..... . decisis sons 263,286,791 
2. Possessions in West Africa... 2,802,401 
3. Operations in Morocco....... 280,580,147 
Grand total.......... 2,785,288,568 Grand total.......... 3,002,538,991 
References: Gaceta de Madrid, July 2, 1925; Bulletin de Statistique (French), June 
1924 and April 1925. 
B. — Import and Export Statistics 
Year Imports Exports Balance 
(in pesetas) 
1922...........% 3,042,130,102 1,399,602,679 — 1,642,537,423 
1923... .......0%. I3,062,886,920 1,592,221,584 — 1,470,665,336 
1924............. 3,230.800,000 1,782.800.000 — 1.448.000.000 
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