HPDBC Chapter 235: Fiscal Draft Budget for the Year 1937
Chapter 235: Fiscal Draft Budget for the Year 1937
Chapter 235: Fiscal Draft Budget for the Year 1937OFFICE OF THE HEAD OF STATE OF THE FRENCH REPUBLIC
Palais Bourbon, Paris | April 1937
Official Statement: Fiscal Draft Budget for the Year 1937
Étienne Moreau, Head of State
Esteemed Ministers, Delegates of the National Council, and Fellow Citizens,
This is a draft Budget which is being released into the public for more deliberation.
After 2 days inputs will be taken from all over France and than the committee with discuss those issues and finally release the offical financial budget.
France, burdened by the calamities of global depression, political disarray, and creeping despair, stands today at the edge of reclamation.
Therefore, I lay before you the first draft of National Reconstruction Budget, amounting to a total expenditure of One Hundred Billion French Francs (₣100,000,000,000).
National Reconstruction and Infrastructure Development – ₣30 Billion
The cornerstone of our recovery lies in rebuilding France’s arteries its roads, rails, ports, and homes.
A total of thirty billion francs shall be allocated to comprehensive public works.
This includes eight billion francs to launch a National Highway Program, linking rural communes to industrial centers and military garrisons.
Seven billion francs shall be invested in expanding and electrifying our railway corridors, especially those connecting Alsace-Lorraine, the northern coal basin, and the Rhône Valley to ports such as Marseille and Le Havre.
To combat urban poverty and overpopulation, five billion francs shall fund the construction of modern social housing in Paris, Lyon, Marseille, and Lille.
A further four billion francs is allocated for rural electrification, a long-neglected domain that shall now allow farmers and craftsmen to compete in a national economy.
An additional three billion francs is reserved for the dredging and modernization of ports and internal waterways, facilitating smoother colonial trade and export logistics.
Lastly, three billion francs shall be discreetly invested in the development of airstrips, military highways, and dual-use airfields, concealed within civil construction accounts.
Industrial Modernization and Technological Investment – ₣20 Billion
France’s industrial output remains inferior to that of Germany, Britain, and even Italy in certain sectors.
To reverse this decline, we shall allocate twenty billion francs to large-scale modernization.
Four billion francs shall be injected into the consolidation and mechanization of national steel production, particularly in Lorraine and Saint-Étienne.
Five billion francs will subsidize the aircraft industries of Blériot, Dewoitine, and Farman, promoting both civil aviation and military adaptability.
Three billion francs will be directed toward synthetic fuel and petrochemical infrastructure, reducing our dependency on foreign oil and aligning with colonial extraction networks.
Another three billion francs will aid in expanding our automobile sector, providing loans and technical support to Renault, Citroën, and Peugeot, with priority for military-capable vehicle production.
Two billion francs are reserved for the creation of a National Innovation Bureau, tasked with coordinating re