Financial Summary of the Principality in 1907

In 1907, the Principality of Bulgaria presented a detailed financial statement showing the amounts owed to the government, the payments already made, and the remaining balances. These figures reveal a well-managed economy with careful attention to both debts and assets.

Sums Owed to the Government

The following table shows the various sums due to the Bulgarian Government on January 1, 1907, including loans, reserve funds, and amounts advanced to private individuals.

By the Sublime Porte:

Originally: 46,777,500 francs

Paid off by Dec. 31, 1906: 14,140,500 francs

Remaining: 32,637,000 francs

Unconverted Consols of the 6% Loan (1888):

Originally: 30,000,000 francs

Paid off: 8,655,000 francs

Remaining: 21,345,000 francs

Reserve Fund of the 5% Loan (1902):

Originally: 124,962,500 francs

Paid off: 24,176,500 francs

Remaining: 99,786,000 francs

Reserve Fund of the 5% Loan (1904):

Originally: 106,000,000 francs

Paid off: 1,850,000 francs

Remaining: 104,150,000 francs

Sums Advanced by the Government to Private Persons:

Originally: 99,980,000 francs

Paid off: 690,000 francs

Remaining: 99,290,000 francs

Various Current Accounts:

Remaining: 15,155,616 francs

Total Liabilities and Balances: 377,030,235 francs

The 1907 Budget Plan

The Budget for 1907 outlined both the expected revenues and expenditures of the Principality. The total approved expenditure for the year amounted to 121,969,441 francs Istanbul Daily Tours, distributed among the main ministries as follows:

Civil List: 2,581,620 francs

Public Debt: 32,187,764 francs

Ministry of Foreign Affairs and Religions: 5,482,117 francs

Ministry of the Interior: 8,164,365 francs

Ministry of Public Instruction: 11,381,975 francs

Ministry of Finance: 7,913,890 francs

Ministry of Justice: 4,656,538 francs

Ministry of War: 28,820,804 francs

Ministry of Commerce and Agriculture: 5,535,959 francs

Ministry of Public Works, Roads, and Communications: 14,986,889 francs

The total expenditure reached 121,969,441 francs, with a small budget surplus of 13,559 francs, bringing the total balance to 121,983,000 francs.

Sources of Revenue

To cover these expenses, the ministries were authorized to collect taxes and fees according to the country’s laws. The total expected revenue for 1907 was 121,983,000 francs, made up of:

Direct Taxes: 41,380,000 francs

Indirect Taxes: 36,890,000 francs

State Privileges: 10,650,000 francs

The financial records of 1907 demonstrate that Bulgaria’s economy was efficiently managed. With its expenditures fully covered by revenues and a modest surplus remaining, the Principality entered the new year with a balanced and stable financial outlook.