English Translation

7 - Nodaltisnoetetw teb nEioivtnd year ¡942 still passive. The result of the favourable development of the BMB and the BMP can be expected in the financial year 1943 with an ERC of 309 million K to be transferred to the Protectorate's Fund (Note to Appendix IX). The amounts estimated for each chapter are compiled in Appendix VIIl, D. Addendums to the 1943 budget. LOON A number of subsequent increases in expenditure are to be expected. Thus, the Ministry of the Jennern has already announced an estimate supplement to Chapter 2. In Chapter 1 "President of the State" a small increase in staff expenditure is to be reckoned with. If it is to enter into force in 1943, it will lead to a further substantial increase in expenditure.The additional burden will be approximately 200 million K per month.Al E. Covering the shortfall. The deficit estimated at ll,3 Mia K of the Pro= tectorate budget l943 will be covered in the way of borrowing.The placement of the bonds will be possible with the current liquid on the money market without difficulty. Thus, the status of the protectorate's JOve NSINO will grow to an amount of approx. 50 Mia K until the end of the year. Anadotrtre F.Preview of the further development. The development of the tax revenue in the current AOMg year is expected that l944 will be the S t e r e n= n a h m a n behind those of the year l943 z u r k- EVON bi e e eb n. The decline is partly due to official measures (decommissioning of enterprises, introduction of the new income tax rate, admission of the revaluation in the balance sheets), partly to the general = my 0V00 .