Page 255 - Bahrain Gov Annual Reports (I)_Neat

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Notes on Budget for 1351.

This is a starvation budget. . The total amount budgeted
for is the lowest amount since there have been budgets
for the Bahrain State. • It is nearly half a lac less than
last year’s budget and even so it is impossible to guaran­

tee with any degree of certainty that the revenue which is
estimated on the receipt side will be forthcoming, If
the revenue falls short or the expenditure exceeds the

budget figure the only resource which the government will
be able to utilise, apart from the Reserve fund, is the

small sum of Rs 24,540/- which was the balance from the
year 1350. The estimate for the revenue is based on
the assumption that trade will not become any worse than
it has been during the last year#

Revenue. The first five headings, amounting to 7 lacs
consist of revenue which is collected by the Customs

Department of which the chief item is customs receipts.
This total has been estimated at about half a lac less
than last yeark estimate but about Rs 15,000/- more than
new
last year’s actual receipts on account of certain/taxa-
tion which comes into force at the beginning of the new
year consisting of an additional ^ on tobacco and all
*
its products as well as on certs in luxury articles and
the inclusion of liquor as a taxable import which is now
counted as a luxury import instead of, as before, being

imported free of duty.
It is hoped that permission will be obtained during
the year to increase the tax on luxuries so that it be­

comes a 15J» tax. These imports, especially tobacco, oan
bear the additional duty.