FEDERAL BUDGET.
MELBOURNE, July 9. In the House of Representatives, Mr Watt tabled the Financial Statement for the year 1918-19, showing expenditure £48,567,005, approximate receipts £44,641,185, and an actual deficiency of £332,774. The figures do not include war expenditure from loans.
MELBOURNE, July 10. In the House of Representatives, Mr Watt, in his financial statement, said that in addition to the amount paid from revenue for war. services £62,----467,776 had been paid from loans. The total cost of the war for the year amounted to £83,533,271. Despite the deficit, the financial position was distinctly better than the Treasurer estimated when the Budget was submitted last year j. estimates showed the deficit would amount to four millions.
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Ashburton Guardian, Volume XXXIX, Issue 9654, 10 July 1919, Page 5
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116FEDERAL BUDGET. Ashburton Guardian, Volume XXXIX, Issue 9654, 10 July 1919, Page 5
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