Economic and financial section > Report of the Commissioner of the League of Nations in Bulgaria > 24th report

— 14
VI. 1928 7^2% Stabilisation Loan.
(a) Position of the Account of the Loan.
See Appendix 6 to this report. The balance of the account on July 31st, 1932, stood at
39,638,525 leva and was derived exclusively from the block of £1,250,000 assigned to the improve¬
ment of means of communication (railways, harbours and roads).
(b) Yield of Assigned Revenues (Customs) in Leva.
May June July One-twelfth of
the budget estimates
96,585,912 77,922,747 64,834,051 86,250,000
The total Customs revenue, therefore,, for the quarter amounted to 239,342,710 as against
256,717,062 leva for the previous quarter and 229,702,943 leva for the period from May to July
1931. Thus, the increased tax on national industry, while not up to budget estimates, has so
far somewhat mitigated the effects of the decline in imports.
(c) Employment of the Loan.
Leva
Leva
1. Railways and Harbours. — The total credits assigned to rail¬
ways and harbours amounted to
Expenditure incurred up to August 1st, 1932
Amount remaining to be paid _
Amount still available
Outstanding expenditure
Funds held by the Administration
Balance to be obtained from the proceeds of the loan .
2. Roads and Bridges. — The total credits assigned to the
reconstruction of the road system amounted to
Expenditure incurred up to August 1st, 1932 1
Amount remaining to be paid
Programme for employment of balance
Outstanding expenditure
Funds held by the Administration
Balance to be obtained from the proceeds of the loan . .
672,300,000
669,358,709
2,941,291
4,410,172
17,606,793
22,016,965
182,031,732
178,091,732
515,920
22,031,732
i9>°75.674
= 2,941,291
22,016,965
= 22,016,965
18.607.652
3,940,000
22.547.652
22,547,652
Appendix 1.
[a) RESULTS AT JUNE 30TH, 1932, OF THE CLOSE OF THE 1931-32 BUDGET.
Revenue.
Direct taxes
Indirect taxes
Customs duties
Other duties
Fines and confiscations
Railways and Harbours ....
Posts, Telegraphs and Telephones
State domains and capital....
Contributions of communes, to¬
wards teachers' salaries ....
Miscellaneous revenue . . . . .
Revenue from closed financial
years
Total.
1931-32
Comparison with
The results
for iQSO'S1
The budget
estimates
(Millions of leva)
I. Ordinary Budget and Incorporated Funds.
— 113.2 — 4i7-5
— 69.2 — 231.2
+ 106.6 — 15-4
— 92.8 — 181.8
— 11.5 — 27.2
— 22.0 — 22.0
+ 10.1 — 9-3
— 108.7 — 250.4
489.5
1,253-8
959-6
563-2
57-8
103.0
293-7
279.6
34°-4
654-7
202.5
5,197-8
+
95-3
176.9
— 162.8
382.9
+
71.6
48.7
— 37-5
— 1,215-2
Per¬
centage
— 46
— 15
— i-5
— 24
— 32
— 17.6
— 3
— 47
— 17
+ 8
— i5
19
1 The commitments represent the value of the contracts concluded and the excess expenditure estimated.