Communications and transit > Enquiry on national public works

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The above table shows that, in the 1933-34 financial period, there was a consi¬
derable proportional increase in the volume of State reserve w'orks, and that the figures
relating to State-subsidised communal reserve works are also considerably higher than
those for the period 1929-30 to 1932-33.
Under the heading “ Work carried out under open-market conditions ”, the credits
appearing in Table 4 have been included for the financial period 1933-34- Yet other
credits among those of the unemployment budget may, however, be regarded as having
their equivalents in the previous ordinary budgets. This is true, for instance, of credits
for State buildings. The figures appearing in the above table and referring to the public
works carried out under open-market conditions can nevertheless be regarded as charac¬
teristic of the expansion of such work during the financial period under review. Table 4
shows that the credits for public works included in the ordinary budget for the financial
period 1933-34 have, in fact, not been reduced relatively to previous financial periods.
If the credits referred to above for the financial periods 1929-30 to 1932-33, under the
heading “ Work carried out under open-market conditions ”, are deducted, it will be
seen, on the contrary, that there has been a notable increase.
Finally, in the matter of the financing of unemployment credits, the 1933-34 financial
period also displays a marked difference relatively to previous financial periods. Recourse
was had in greater measure to loans, which were used to cover certain credits—those of
the unemployment budget—even though the immediate payment of interest could not be
counted upon. The redemption of loans floated for the purpose is to be effected on a short¬
term basis by means of special funds.