SOUTH AUSTRALIAN BUDGET.
' ' '■ -•' ■ ' -.' : '.':' DEFICJT-OF-i^J^OOb.- v ' , (Received .'October', 15, 9:45 a.m.)"'. ' N""- ' l. ADELAIDE,-October-16/ - " In the Assembly, the Treasurer delivered the budget. The revenue for the j'year 1 was £3,973,310; which, owing to the, unprecedented '-drought, was £153,533 below the* 'estimate. The year's"" expenditure *■■" was £4,662,395, leaving £470,448 of a deficit after, the deduction 6i the?previous year's credit^ balance. The estimated, revenue for the current year is £4,760,830, and the expenditure £4}751,902," showing a surplus ' of £8928. ." (' Outlining new taxation proposals, the Treasurer foreshadowed the reduc--" 1""^ tion of the income tax exemption^ from £200 to £156 (soldiers',, exemption being £300), an increase in the-,-receipt tax from Id to 2d, an increase in the totalisator tax from 2$ to's per cent., and an increase in the unimproved land, value tax l»y Jd in the pound ster-
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Bibliographic details
Ashburton Guardian, Volume XXXV, Issue 8270, 15 October 1915, Page 4
Word Count
135SOUTH AUSTRALIAN BUDGET. Ashburton Guardian, Volume XXXV, Issue 8270, 15 October 1915, Page 4
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