The year 1910 concluded with an increase in revenue over expenditure amounting to £150,000. This can be added to the General Reserve Fund. Additionally, other sums are added from the sale of government lands and from the interest on securities representing the Reserve Fund. These sums amount to approximately £370,000. Thus, the total increase in the Reserve Fund is £920,000. The appropriations from the Reserve Fund for 1911 amount to £140,600, leaving a surplus of over £500,000. The amounts to be added exceed the appropriations to be taken from it. This is the first time this has happened in several years, with the fund increasing instead of decreasing. It can now be said that the Egyptian government is operating within its financial limits, and is also spending considerable sums from its revenues on profitable works.

The following table shows the continuous decrease in the total government expenditure in recent years.

| Year | Revenue (£ E) | From Reserve (£ E) | Private Expenditure (£ E) | General Expenditure (£ E) | Total (£ E) | |---|---|---|---|---|---| | 1907 | 13,339,230 | 1,049.9 | 4,667,498 | 18,926,611 | | | 1908 | 13,650,124 | 758.20 | 360,995 | 18,091,390 | | | 1909 | 13,568,428 | 673,174 | 365,413 | 16,900,015 | | | 1910 | 13,484,980 | 564,649 | 2,523,583 | 1,694,482 | | | 1911 (Budget) | 14,275,000 | 14,275,000 | 1,406,000 | 1,746,000* | | The revenue for 1910 was satisfactory and met expectations. It reached or exceeded the estimates in all but one category. Customs revenue increased by £1,500,000 compared to 1909, and railway revenue increased by £1,000,000. Judicial revenues continue to show a steady increase. It is noteworthy that the revenues of the provincial courts... * This amount cannot be compared to the amounts spent in previous years because some amounts were spent from previous appropriations from the Reserve Fund. Nevertheless, in 1911, a reduction in expenditure will be considered.