The financial year in France begins on the 1st of January, and the budget of each financial year must be laid on the table Budget of the Chamber of Deputies in the course of the ordinary session of the preceding year in time for the discussion upon it to begin in October and be concluded before the 31st of December.
Ordinary and extraordinary military expenditure for the financial year 1898-1899 amounted to nearly 1/210,000,000, an increase of 1/24,000,000 as compared with 1871.
During the financial year ending on the 30th of June 1901 these figures were slightly exceeded.
The financial year 1862 closed with a deficit of more thai 16,000,000, which increased in 1866 to 28,840,000 on account 0 the preparations for the war against Austria.
The revenue in the Italian financial year 1905-1906 (July I, 1905 to June 30, 1906) was 102,486,108, and the expenditure 99,945,253, or, subtracting the partite di giro, 99,684,121 and 97,143,266, leaving a surplus of 2,54o,855.f The surplus was made up by contributions from every branch of the effective revenue, except the contributions and repayments from local authorities.
