National debt Sentence Examples

In 1764 the national debt amounted to 2,360,000,000 livres, and the annual change to 93,000,000 livres.

Public Debt.The national debt of France is the heaviest of any country in the world., Its foundation was laid early in the 15th century, and the continuous wars of succeeding centuries, combined with the extravagance of the monarchs, as well as deliberate disregard of financial and economic conditions, increased it at an alarming rate.

The annual expenses of the board include £35,000 for cable repairs and reserve and a fixed payment to the National Debt Commissioners of £77,544 as sinking fund to amortise capital expenditure in fifty years.

The total national debt of Russia nearly trebled between 1852 (£57,038,600) and 1862 (£145,50o,000), and again between 1872 (£242,277,000) and 1892 (£526,109.000) it more than doubled, while by 1906 it amounted altogether to £812,040,000.

The finances were speedily put on an excellent footing, means were provided for carrying on the war to a successful issue (one of the chief expedients being the raising of the Sound tolls) and on the conclusion of peace Oxe, as lord treasurer, not only reduced the national debt considerably, but redeemed a large portion of the alienated crown-lands.

The service of the national debt absorbs a very large part of the expenditure, about 45% of the estimates for 1907 being assigned to the department of finance.

The national debt of Hungary alone, excluding the debt incurred jointly by both members of the Austro-Hungarian monarchy, was £192,175,000 at the end of 1903.

The following nine years mark the financial and commercial rehabilitation of Hungary, the establishment of a vast and original railway system which won the admiration of Europe, the liberation and expansion of her over-sea trade, the conversion of her national debt under the most favourable conditions and the consequent equilibrium of her finances.

But he distributed the increased taxation so equally, and chose its subjects so wisely, that the ordinary administrative expenditure and the interest on the national debt were fully provided for, while the extraordinary expenditure for military purposes was met from the Chinese indemnity.

The old systems of raising revenue no longer corresponded to the needs of the republic, and as early as 1336 the various loans made to the state were consolidated into one national debt (monte).

The American firm assisted in funding the national debt at the time of the resumption of specie payments, and the London house were fiscal agents of the United States government in 1873-1884, and as such received the $15,50o,000 awarded by the Geneva Arbitration Court in settlement of the "Alabama Claims" against Great Britain.

The chief expenditure was on the interest and sinking fund of the national debt.

The national debt amounted to some 40 billion crowns, against which the state itself possessed assets in the shape of forests, coal mines, the former domains of the Habsburgs, mineral, naphtha, radium and other sources of natural wealth, besides the State-owned railways.

He accompanied the fugitive government to Konigsberg, where he rendered considerable service in the commissariat, and was afterwards still more useful as commissioner of the national debt and by his opposition to illconsidered schemes of taxation.

In 1899 he lowered the fixed charge for the National Debt from twenty-five to twenty-three millions - a reduction imperatively required, apart from other reasons, by the difficulties found in redeeming Consols at their then inflated price.

The national debt was divided.

Nor can a high degree of praise be denied to his financial policy, especially his plans for the reduction of the national debt and the simplification and consolidation of its different branches.

Presided over by a secretary of state, its functions are principally those appertaining to the control of the national debt and its administration, together with such as in the United Kingdom are delegated to the board of inland revenue.

He also began the national debt by borrowing 3,293,000 from Messrs Fruhling & Gbschen, the actual amount received by the pasha being 2,640,000.

The new Egyptian army was so far improved that it gained successes over the forces of the Mahdi; the burden of the national debt was lightened by a successful conversion; the corve was abolished; 1 the land tax was reduced 30% in the poorest provinces, and in spite of this and other measures for lightening the public burdens, the budgetary surplus constantly increased; the quasi-judicial special commissions for brigandage, which were at once barbarous and inefficient, were abolished; the native tribunals were improved, and Mr (afterwards Sir John) Scott, an Indian judge of great experience and sound judgment, was appointed judicial adviser to the khedive.

The theory of well-organized public finance is also discussed under Taxation and National Debt.

National Debt (q.v.).-The table on the preceding page shows the position of the national debt at quinquennial intervals during 1891-1910.

The national debt was practically nil until c. 1855, and the debt contracted thereafter owes its existence almost wholly to railway construction.

In 1526 the Catholic printing-presses were suppressed, and two-thirds of the Church's tithes were appropriated to the payment of the national debt.

The Caps struck at once at the weak point of their opponents by ordering a budget report to be made; and it was speedily found that the whole financial system of the Hats had been based upon reckless improvidence and c prof the wilful misrepresentation, and that the only fruit of their long rule was an enormous addition to the national debt and a depreciation of the note circulation to onethird of its face value.

The Caps succeeded in transferring L250,000 from the pockets of the rich to the empty exchequer, reducing the national debt by L575,179, and establishing some sort of equilibrium between revenue and expenditure.

The Orebro Riksdag (April - August 1812), remarkable besides for its partial repudiation of Sweden's national debt and its reactionary press laws, introduced general conscription into Sweden, and thereby enabled the crown prince to carry out his ambitious policy.

The practice of meeting deficits by loans, together with the great expenditure, after 1853, on public works, especially roads and railways, explains the rapid growth of the national debt in modern times.

The proposal of the South Sea Company to pay off the national debt was strenuously supported by Aislabie, and finally accepted in an amended form by the House of Commons.

In 1844 some 250,000,000 of the national debt still bore an interest of 31/2%.

Of the expenditure over £900,000 is spent upon public worship and education, and over £1,200,000 goes in interest and repayment of the national debt.

The heaviest charges are for the service of the national debt and for the army; each of these items exceeded LI,000,000 in 1909.

The public debt of Ireland amounted to over £134,000,000 in 1817, in which year it was consolidated with the British national debt.

His reorganization of the national debt was very complete; in fact, he exacted even more sacrifices from the bondholders than from other taxpayers.

Jefferson merely had exaggerated fears of a moneyed political engine, and seeing that Hamilton's measures of funding and assumption did make the national debt politically useful to the Federalists in the beginning he concluded that they would seek to fasten the debt on the country for ever.

The phone bill, thanks to Fred's vigorous activities, was only a few commas less than the national debt and he was knocking on the ceiling of his newly acquired Visa limit.

He also noted the growing national debt and promised to adhere to foreign policies guided by the principle of nonintervention.

In Lyons their views were publicly known; Roland was elected a member of the municipality, and when the depression of trade in the south demanded representation in Paris he was deputed by the council of Lyons to ask the Constituent Assembly that the municipal debt of Lyons, which had been contracted for the benefit of the state, should be regarded as national debt.

The Directory, after the coup d'etat of Fructidor, had acknowledged a state of bankruptcy by writing off twothirds of the national debt in a form which soon proved to be a thin disguise for repudiation.

A wise economy also contributed to reduce the national debt within manageable limits, and in the welfare of the peasantry Frederick IV.

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