Municipal revenue and expenditure

The revenue of the Municipality of Funchal, which stood at about 81 contos (1 conto = 1,000,000 réis, from 1911 1,000 escudos) in 1880 and at nearly 117 contos in 1890, rose to 130,744.00 escudos (the Portuguese currency from 1911: 1 escudo = 100 centavos = 1,000 réis) in 1900, 171,156.00 escudos in 1910, 357,081.00 escudos in 1920 and 557,471.00 escudos in 1922. These sums include the balances carried over from previous years as well as various revenues not yet collected. The revenue for 1920 and 1922 includes the sums of 101,700.00 and 85,945.00 escudos from the deposit for the city’s sanitation works. In the financial years 1862–1863 and 1870–1871 revenue amounted to 31,041.00 and 50,743.00 escudos respectively, while in 1837 it was estimated at 35,678.00 escudos.

Expenditure amounted to 72,500.00 escudos in 1880 and 98,500.00 escudos in 1890, rising to 105,758.00 escudos in 1900, 152,786.00 escudos in 1910, 246,471.00 escudos in 1920 and 462,007.00 escudos in 1922. In the financial years 1862–1863 and 1870–1871 expenditure rose to 27,325.00 and 30,073.00 escudos respectively.