TOTAL RECEIPTS, EXPENDITURES, AND ACCUMULATED SURPLUS OF THE PHILIPPINE GOVERNMENT, 1901–1922 IN PESOS

Year ended—	Surplus at the beginning of the year	Receipts	Total	Expenditures	Accumulated surplus of the year
	Pesos	Pesos	Pesos	Pesos	Pesos
June 30:
1901	(14,395,583)	21,419,118	17,023,535	12,200,907	4,822,628
1902	4,822,628	19,072,978	23,895,606	15,314,006	8,581,600
1903	8,581,600	22,006,141	30,587,741	21,078,373	9,509,368
1904	9,509,368	19,066,227	28,575,595	23,924,104	4,651,491
1905	4,651,491	25,368,818	30,020,309	25,256,215	4,764,094
1906	4,764,094	24,685,769	29,449,863	22,047,029	7,402,834
1907	7,402,834	26,424,817	33,827,651	31,014,693	12,812,958
1908	12,812,958	28,359,502	41,172,460	27,035,532	14,136,928
1909	14,136,928	30,050,729	44,187,657	31,830,224	12,357,433
1910	12,357,433	36,741,964	49,099,397	35,090,828	14,008,569
1911	14,008,569	42,977,123	56,985,692	39,805,578	17,180,114
1912	17,180,114	42,922,030	60,102,144	43,136,104	16,966,040
1913	16,966,040	41,818,182	58,784,222	44,392,124	14,392,098
December 31:
1913	14,392,098	18,274,064	32,666,162	22,496,962	10,169,200
1914	10,169,200	35,334,625	45,503,825	36,944,597	8,559,228
1915	8,559,228	41,428,010	49,987,238	39,753,121	10,234,117
1916	10,234,117	45,704,856	55,938,973	40,906,813	15,032,160
1917	15,032,160	54,781,241	69,813,401	45,408,718	24,404,683
1918	24,404,683	68,690,105	93,094,788	57,496,044	35,598,744
1919	35,598,744	79,686,923	115,285,667	86,742,589	28,543,078
1920	28,543,078	99,404,913	127,947,991	84,010,279	43,937,712
1921	43,937,712	130,199,714	174,137,426	118,194,211	55,943,215
1922	55,943,215	130,649,853	186,593,068	78,911,424	107,681,646

Note.—Figures in parentheses are overdrafts.