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United States Department of State / Papers relating to the foreign relations of the United States with the annual message of the president transmitted to Congress December 3, 1907. (In two parts)
(1907)

Bolivia,   pp. 85-89 PDF (1.6 MB)


Page 85

  85BOLIVIA. 
FINANCIAL CONDITIONS. 
File No. 5614/1. 
Minister Sorsby to t/~e Secretary of State. 
No. 306.] AMERICAN LEGATION, 
   La Paz, March 7, 1907. 
 SIR: I have the honor to transmit herewith a résumé of the
Bolivian budget for 1907, showing an estimated deficit of 1,012,775.68 bo1ivianos/~
 Comparing the budget of 1905 with the receipt of revenues from all sources
of 7,928,730 bolivianos and expenditures of 9,473,577.45 bolivianos, with
its resultant deI~cit of 1,544,844.45 bolivianos, and of 1906 with receipts
of revenues from all sources of 10,406,233 bolivianos, and expenditures of
11,688,556.58 bolivianos, with the resultant deficit of 1,282,323.58 bolivianos,
with that of the present year, with receipts of revenues from all sources
of 13,583,333 bolivianos, and expenditures of 14,596,108.68 bolivianos, with
the resultant deficit of 1,012,775.68 bolivianos, a decided improvement in
the economic conditions, together with a general development and progress
of the country, is noted. 
 In defining a deficit in the national budget of Bolivia it may be well to
remark that a deficit does not necessarily imply a national indebtedness,
as the Government may or may not expend or exhaust many of the various sums
appropriated, and, as a fact, the national expenditures rarely if ever exceed
the receipts. 
 I have, etc., WILLIAM B. SORSBY. 
ARRANGEMENT FOR THE SETTLEMENT OF THE BOUNDARY 
DISPUTE BETWEEN BOLIVIA AND PARAGUAY. 
File No. 4878/2—3. 
Minister Beaupré to the Secretary of State. 
[Extract.] 
No. 476.]       AMERICAN LEGATION, 
 Buenos Aires, January 16, 1907. 
 SIR: I have the honor to inclose an article cut from La Presna of the 13th
instant, which gives, I believe, accurately the story and results 
a Not printed. 


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