Expenditures of the Russo-Japanese war / by Gotaro Ogawa.

18 ECONOMIC EFFECTS OF THE RUSSO-JAPANESE WAR

tures. During the war finance period, on the contrary, the
annual expenditures showed a reduction in ordinary expenditures, but a pronounced expansion in expenditures for war and
for government industries connected with the war. As a result, the ordinary expenditures during the war varied between
230,000,000 yen and 475,000,000 yen, rather a fall compared
with the pre-war figures, while the extraordinary expenditures totaled from 239,000,000 yen to 832,000,000 yen. Thus,
the aggregates of ordinary and extraordinary expenditures
ranged from 484,000,000 yen to 1,062,000,000 yen. But
after the war, while the national finance gradually returned
to its normal conditions, the execution of the after-war program required fresh expenditures, so that the ordinary expenditures rose to some 600,000,000 yen and the extraordinary
expenditures to about 200,000,000 yen, aggregating 800,ooo,ooo yen. This was two or three times the amount of annual
expenditures before the war.1 V
It will thus be seen that the war changed the entire aspect
of Japan's public finance. Not only did the large sums of
war-time military and administrative expenditures swell the
annual disbursements to the utmost degree, but the increase
in the expenditures for military supplies and other government industries necessary for the prosecution of war was also
a factor which contributed to the inflation of annual expend1 The main parts of our annual expenditures and revenues are treated in the
general accounts, besides which there are a number of special accounts Consequently, it is impossible to know the total amount of our annual expenditures and
revenues unless we make up one resultant account by adding together the amounts
of the general and special accounts The figures mentioned above represent the
total of the general and special accounts, so that these figures are different from
those of the general accounts which are ordinarily mentioned as representing
annual expenditures and revenues If we examine the general accounts alone,
the ordinary expenditures before the war were about I6o,ooo,ooo yen and the
extraordinary expenditures some I20,000,000 yen, totaling 280,000,000 yen,
approximately. In the war finance period, the ordinary expenditures ranged
from 126,960,000 yen (1904-5) to 339,950,000 yen (1906-7), while the extraordinary expenditures ranged from 79,830,000 yen (1903-4) to 264,050,000 yen (I905 -6), aggregating from 249,590,000 yen (1903-4) to 464,270,000 yen (1906-7). The
war-time military expenditures are, of course, excluded from these figures of the
general accounts, though the war-time administrative expenditures are included
After the fiscal years mentioned above, the ordinary expenditures varied from
394,I90,000 yen to 409,240,000 yen and the extraordinary expenditures from
138,700,000 yen to 227,II0,000 yen, the total ranging from 532,890,000 yen to
636,360,000 yen.