The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-07-30
Continued from Yesterday Daily Worker

sYNopss-rhe proceeding
British Trade Union Delegation Soviet Russia told how we'll the Soviet
cOunrevOutiOnay political prisoners
introduction told
the the travels of Of the delegation who
question of
Soviet finances which being continued today The instruments will ap
pear in the DAILY WORKER day.
The Budget of 192324 its totals by half mil
rdan augmentation that be compared with that OF the
Budget years 1904 which 273S million
roubes compared with 2235 million roubes in 1903 This
1904 the result of the Japanese War but the
augmentation 1924 partly the result of
conditions partly of revival of productivity
Thus the total foreign 1924
credit on free balance at the National Bank increased five
times The country consequently carried the increased burden
without being checked in its growth.
Growth of Budget
that the Budgets are growing rapidly in
their totals and this having passed through the
stage during which Budget
and junction question arise whether the growth not
gfea- than the growth of the national income justfes
In comparing with figures must be
embered that the Empire included industrial districts of
Poland and the Baltic States from which large
received estimates calculate the national
in 1913 This with population of $50 Millions gives SIS mill
ards and Budget Of IA milards would, allowing for the
ference values be equivalent about 10
OF the national income This would not be undue burden
Another estimate that Of Gospan puts the total of production
mlard roubles follows: 1913 1922 1929 OF;
1924 12 On this basis the Budget would be
Budget
y 200 millions had absorbed wohs of the increase of the
national income All this compare well with pre-war
conditions in Russia and present conditions abroad.
Budget Deficits
The progress made towards balancing the Budget may
summarized follows
1921 the deficit proportion the total both
ordinary extraordinary 869 per cent in 1922 it
was per cent 1929 40 per cent
was $50 per cent and in 19225 it estimated at less than
per These figures show remarkable financial
covery
Ordinary and Extraordinary Budget
will the Budget 1924-25 ordinary
ordinary expenditures there this basis
deficit at all The exaordnar expenditure represented
by the financing of industry agriculture etcha is invest
by the State State enerprisesand covered by
coinage paper CURRENCY This
prses good the national savings
which information will be found elsewhere.
Internal Loans
The substitution credit operations currency ennis
balancing the Budget began 1929
f loans for short terms and in ndbread loans
loans They transition from the eve in kind of War
Communism the long money loans of today. The lists
bread closed early 1924 and the
after These followed by the First Lottery
be taken by workers and peasants which produced
some As millions did together
half actually subscribed by wage-earners
closed At this time also small floating
the of shortem Treasury bills for the
financing of the short-term Budgets
The Budget of 1924 shows deficit of 457 millions
which the amount of 1876 Millions by currency
emission by 30 millions of foreign vaua the proceeds of the
% millions of sales of and by 200 mil
lions credit operations
The next l6ng-term hoated in
the 1924the per cent Internal Gold Loan the
per Lottery the Second Lottery Loan OF
which the first is to be taken by industry and trade the
second by agriculture third the weo-do the
The following figures the proportion of the 192324
covered by credit overwhelmingly 200 millions
had practically provided by midsummer 1924 Since
then the have going off WELL though would be
interesting to ascertain the proportions OF purely voluntary