At the close of 1908 the state receipts for the year amounted to $1,004,041, and expenditures to $875,941.
In many cases, as at Rio de Janeiro, Santos and Manaos, the cost and maintenance of the new port-works are met by an additional tax on merchandise, though the immediate expenditures are met by advances from the national treasury, and at Rio de Janeiro by a foreign loan.
In each county a convention, composed of representatives from the towns, meets every two years to levy taxes and to authorize expenditures for grounds and buildings whenever more than one thousand dollars are required.
The two main functions of the treasury department are the administration of the government revenues and expenditures, and of the banking and currency laws.
The public debt, which began to accumulate in 1825, was increased by the canal expenditures to $16,880,000 in 1843.