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The report of the Minister of Finance to the Counsel of Ministers on the situation of Roumania created by the reparation and interallied debts policy

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Monograph

Identifikator:: 893656046

URN:: urn:nbn:de:zbw-retromon-10254

Document type:: Monograph

Author:: Striemer, Alfred

Title:: Zum Kampf um die wirtschaftliche Selbständigkeit des Klein- und Mittelbetriebes

Place of publication:: Müchen

Publisher:: Verlag von Duncker & Humblot

Year of publication:: 1914

Scope:: 1 Online-Ressource (31 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

REPORT PRESENTED TO THE COUNCIL OF MINISTERS THE POLICY OF ROUMANIA’S INTERALLIED DEBTS WITHIN THE SCOPE OF THE REPARATION QUESTION. Ptoumania, thanks to her proper efforts and sacrifices, was able to build up her financial consolidation on solid foundations, in spite of all the difficulties which the war and the making of her unity brought on her. We have called lo mind both in the memoirs we formed in time (anexes 51, 55, 60) to be sent abroad, in the statements on our different budgets since 1922 — as well as in the reports presented to the Council of Ministers (in Feb. 1922 and June and September 1923) all these difficulties and the road to be followed for over coming them. The last stage of this consolidation, was completed by the law voted in June 1925 for extinguishing the issue of the National Bank on behalf of the State and for proceeding on our monetary consolidation. So that we can say without any fear that all that depends on us has been done; the balance of the budget the inscription of the internal and external public debts amongst the ordinary expenses of this budget, the consolidation of the external floating debt; and the extinguishing in a short time of the internal floating debt left by the past defi cient budgets and at last the assuring by our own proper means of exinguish- hing the issue made by the State through the National Bank as we said above. There are only two classes of our obligations which are not yet satisfied : The requisition bonds (amounting) to about 900 million lei) and the internal treasury bonds (amounting to about 500 million lei). For the first, we entered in this year's budget an aproximatwe sum of 100 million lei, to make a beginning of paying off this internal war debt, where as for the second we were able, thanks to the available sums at the »Casa de Depuneri« to withdraw a value of nearly 200 million lei. The State owing this sum to that institution. she sum to which these two outstanding liabilities amount, seeing the increase of our budgetary resources, allows us to hope that also this last in ternal debt will be paid off.

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