The Sun.
London, England, 1866-02-16 00:00:00

The Russian Budget.

ST. PETERSBURG, Feb. 11.
The budget for 1866 has just been issued, accom-
panied by the following report from the Minister of
Finance to the Emperor :--]
" By your Imperial Majesty's order the construc-
tion of the Southern Railway at the expense of the
Treasury was commenced in 1863, from Odessa to-
wards the Dniester. In 1864 the line was prolonged
towards Balta, and in the direction of Moscow to
! Orel. At the end of that same year your Majesty
ordered that the works should be continued from
Moscow to Kiew past Koursk, and from Balta to
Kharkow past Krenientchoug, charging the State
Bank to supply the necessary funds, upon the pro-
duce of the home loan, at 5 per cent. with pre-
miums. Consequently, up to the Ist Jan., 1866,
the Bank has already furnished over 23,000,000
roubles, but hitherto this outlay has not yet appeared
in the State budget. A credit of 19,930,000 roubles
has been entered upon the budget of 1866, and
charged upon the same funds. In order to admit of
regular comparison between the budget of 1866 now
laid before your Majesty and that of the preceding
year, this credit has been removed both from the
revenue and expenditure, whence it appears that
in the budget for 1865 the ordinary receipts were
estimated at 349,945,000 roubles, and in 1866 they
are valued at 349,680,000, being 265,000 roubles
less than for the previous year.
" The diminution of revenue is chiefly to be ex-
pected under the following heads-8,033,000 roubles
in.the tax upon drinkables, owing to a falling off in
the consumption. 1,213,000 roubles in customs, the
diminution here chiefly occurring in the sugar duty.
In 1865 a much less quantity of sugar was thrown
into home consumption than in preceding years,
owing to the excessive importation of this
article in 1864 over real wants. Although
the stocks of colonial sugar are probably nearly ex-
hausted, so that a certain amount of importation
may be expected, it has been thought more prudent
to base the calculations of the budget upon the pro-
spect of a moderate importation. The revenue from
the mines and manufactures of the State has been
reduced by 468,000 roubles, owing to the quantity
of raw and worked metals to be publicly sold having
been diminished on account of the surplus furnished
to the departments of War and of the Marine. The
amount of sundry and unforeseen expenses has been
reduced by 690,000 roubles, because in 1865 it in-
cluded certain special sums which had been paid
into the Treasury in the course of that year. Fur-
ther, there is a reduction of 291,000 roubles upon
duties of various kinds, of 215,000 roubles upon the
postal revenue, and of 213,000 roubles upon the
coinage.
" On the other hand, excess of revenue is antici-
pated under the following heads :-562,000 roubles
upon the salt duty : 1,200,000 roubles upon
tobacco ; 604,000 roubles upon the stamp .duties;
142,000 roubles upon forests; 503,000 roubles upon
the Nicolas Railway ;' 534,000 roubles upon the sale
of crown lands and of recruitment receipts; 368,000
roubles upon the mining duties, owing to the in-
crease taken in 1865 by the gold workings, and the
cessation in 1866 of the reductions granted upon
those duties. Among the various receipts figure
2,400,000 for exemptions from the conscription in
Poland and the Baltic provinces. The indirect re-
sources of the Treasury have been augmented by a
sum of 1,532,000 roubles, owing to the increased
expenses incurred in the territorial advances, and by
BUM of 2,270,000 roubles, resulting from pay-
ments received at \the titne of the conscription which
was not entered in the budget for 1865. Lastly,
the amount of 476,000 roubles, being the dues paid
by the tribe of Kirghises, is entered in the budget for
the first time.

" The expenditure of the State was placed at
368,343,000 roubles in the budget of 1865, and is
estimated at 367,264,000 for 1866, showing a re-
duction of 1,070,000 roubles.
" The important differences which have taken
place in the expenditure refer to the following esti-
mates :—There is an increase of 4,296,000 roubles
in the credit estimate. By virtue of an imperial
ukase of Nov. 13, 1864, the State bank was autho-
rised to open a subscription for a home loan at 5
per cent. with premiums, on condition that the an-
nual payments on this loan should be at the charge
of the Treasury, and that a sum equivalent to the
product of the loan in capital should be expunged
from the Treasury debt to the old credit establish-
ments. In consequence of this operation the Trea-
sury payments on its debts to the old credit esta-
blishmentshave been reduced by 4,785,000 r., and
there have been entered in the budget, per contra,
9,137,600 r. for payments on the home loan at 5 per
cent.—a sum in:ahich are included 3 coupons, i.e.,
interest for a year and a half. After 1867, only 2
coupons will be paid annually, i.e., interest for a
year, which will reduce that expense by 2,500,000
per annum. It results from this that the effective
increase of the expense of the public debt will be
1,796,000 r., and will arise principally, besides pay-
ing the aforesaid loan of 5 per cent. with premiums
from the entry on the budget of 1866 of a credit of
518,000 r. to meet the interest of 4 series of Trea-
sury bonds. There is an increase of expenditure of
273,000 r. in the department of the Sacred Synod ;
of 200,000 r. for the Ministry of the Crown Lands of,
the Empire ; of 595,000 r. for public instruction ;
and of 1,189,000 r. in the department of Justice, due
chiefly to the projected opening of the new courts in
the course of this year. The estimate of the finance
department is increased by 2,672,000 r., but this
estimate, in addition to the expenses of the depart-
ment, contains items referring to other branches.
The former, i.e., expenses of the department pro-
per, are increased by 185,000 r. In the other items
there is an increase of 528,000 r. for pensions, and
of 1,788,000 r. for extraordinary expenditure in the
provinces. Two credits have been entered, one of
50,000 roubles for the restitution of moneys unduly
levied by the Treasury, the other of 1,284,000 r, for
metals prepared in the manufactories of the State
for the Ministries of War and Marine,—expenses
which were previously included in the estimates of
those Ministries. Per contra, there is a reduction of
7,615,000 roubles upon indemnities of various kinds.
The estimates for the Ministry of the Interior are
increased by 2,183,000 roubles, arising chiefly from
transfer to its charge of the expenses attending
buildings in the provinces which were entered in the
estimate of the department for Public Works, and
from the costs of transporting prisoners and keeping
up prisons, which had been charged on the territo-
rial advances.

" The pacification of the Caucasus and the plac-
ing of the troops upon a peace footing have again
permitted a notable diminution of expenditure,
amounting to 11,171,800 roubles in the War De-

partmen t, and to 686,000 roubles in that of the Ma-
rine. In the Ministry of Public Works there has
been a diminution of 1,725,000 roubles, arising mainly
from the transfer to the Ministry of the Interior of
building expenses in the provinces.
" The insufficiency of the revenue to meet the ex-
penditure amounts to 21,583,000 roubles. This de-
ficit will be covered by the intended issue of three
series of Treasury bonds for 9,000,000 roubles, and
the disposable remainder of the Anglo-Dutch Loan
in the hands of our bankers abroad."

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