The Russian Budget.

Taranaki Central Press, Volume IV, Issue 358, 12 February 1937, Page 3

The Russian Budget.

On January, 13 the Central Executive Committee of the Russian Soviets unanimously passed the Budget for 1937, which is balanced at approximately 98,000,004,000 roubles, with an estimated surplus of nearly 1,000,000,000 roubles, says “The Times.” Militarfy expenditure amounts to 20,102,000,000 roubles; education to 18,270,000,000 roubles. The figures for 1936 were 14,816,000,000 roubles for military needs and i 12,121,000,000 roubles for education i in a Budget that balanced at 78,715,-' 000,000 roubles. M. Grinko, the I People’s Commissar of Finance, dwelt | on the 18 per cent, growth in his Budget as a great achievement, testifying to the soundness of the economic and financial system and to the general prosperity. He ignored the fact, however, that the rouble has been devalued since the 1936 Budget was pasted. Nor can the | amount of the Budget be compared to the Budgets of other countries, because it includes l industry, commerce, and other branches Which they do not embrate.