Full resolution (JPEG) - On this page / på denna sida - First part - III. Constitution and Administration - 2. State Administration - State Finances, by J. P. Velander, Ph. C., Stockholm
<< prev. page << föreg. sida << >> nästa sida >> next page >>
Below is the raw OCR text
from the above scanned image.
Do you see an error? Proofread the page now!
Här nedan syns maskintolkade texten från faksimilbilden ovan.
Ser du något fel? Korrekturläs sidan nu!
This page has never been proofread. / Denna sida har aldrig korrekturlästs.
STATE FINANCES.
209
1,200 kronor, a sum of 450 kronor; and from income of 1,200—1,800 kronor,
a sum of 300 kronor. In towns where house-rent is particularly high, the said
minimum and the deductions may be increased by a sum not exceeding 200
kronor. — Ås the most important local taxes are assessed on the same basis as
the General supply, these also become in a certain measure progressive in character.
The General supply is now nearly always assessed at 1 % of the estimated
income from capital or labour (with the above mentioned reductions), and at 6
Ore per 100 kronor (before the abolition of the land taxes, three Ore) of the
value of landed estate, and 5 öre per 100 kronor of that of other real property.
When an increase of taxation is rendered necessary, a so-called Supplementary
grant (Tilläggsbevillning) is voted, from which the poorest grades of tax-payers
are sometimes exempted.
C) Finally it remains to be mentioned that Parliament is in the
habit of appropriating, for the needs of the Treasury, part (sometimes
the whole) of the year’s Profits of the Bank of Sweden. Most frequently,
however, the Bank is allowed to retain part of these profits (or the
whole amount) for the farther development of its operations.
Usually the first item entered on the revenue side of the budget is
the Surplus from previous years (which surplus is not generally
considered available until after the lapse of a year). Of låte years, the
surplus has risen up to 20 million kronor and more, owing not only to
the remarkably favourable economical conditions prevailing at present,
but also to the fact that in making up the budget, the calculation of
the expected revenue has always been made with the greatest caution.
The national debt of Sweden has, like that of other countries, had
a history fall of variations. During the nineteenth century, the
kingdom of Sweden remained for a long time almost free from debt, and
when — after 1855 — loans again were raised, this expedient was
employed only to effect the construction of state railways. For this
or similar purposes (as e. g. loans to private railways, for cultivation
of land etc.) all subsequent public loans have been raised; thus, Sweden
presents the rare example of a state whose entire national debt has
been incurred for productive purposes, which under ordinary
circumstances annually fetch the whole interest themselves. A summary
showing the amount of the Swedish national debt during the two last
generations is given in the following figures (a krona — 1m o shill.):
At the end of Total. Kronor. Per inh. Kronor.
The several bond loans constituting the present national debt are
laid before the reader in Table 35.
Sweden. 14
1835.._........... 3,560,717 117
1840............... 22,728 0 01
1845............... 16,000 0oo
1850............... 101,020 0 08
1855............... 1,672,146 0-46
1860............... 41,616,214 10*78
1865............... 57,539,520 13 99
1870............... 116,675,827 2799
1875............... 140,146,936 31 97
1880............... 230,356.239 50 45
1885............... 247,069,595 52 76
1890............... 259,512,599 54 23
1895............... 287,505.967 5844
1900............... 337,898,733 65-78
<< prev. page << föreg. sida << >> nästa sida >> next page >>
