Now and then it has been dealt with piecemeal, when some particular class of creditors has become too pressing, but it is more than probable that the piece got rid of has been more or less rapidly replaced by fresh liabilities occasioned by budgetary deficits, or by the mere accumulation of interest on debts allowed to run on.
By mitigating the hardships of the corve, and improving the irrigation system, on which the prosperity of the country mainly depends, he had conferred enormous benefits on the fellahin, and had laid the foundation of permanent budgetary equilibrium for the future.
The budgetary cost of the navy in 1908 was stated, as 312,000,000 fr.
Large sums were voted loosely, and expended by executive boards without any budgetary control.
By the exercise of the most rigid economy in all branches this end was attained, though budgetary equilibrium was only secured by a variety of financial expedients, justified by the vital importance of saving Egypt from further international interference.