Considerable gloom tempered the Christmas festivities of Fascist officials last week. II Duce had just announced in the Senate that the budget for the first five months of fiscal 1930-31 showed a deficit of $43,700,000. Salaries of all state employes from II Duce down to the humblest postman had already just been cut 12%. To offset this 43-million loss further it was announced that $15,000,000 will be lopped from the budgets of all ministries —that is, from all but the war budget. The Italian Army will cost $156,000,000 next year; the navy,...
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