BRITAIN'S BUDGET
Death Duty Windfalls Greatly Help. FLOATING DEBT REDUCED. RUGBY, March 29. The financial year, which will end next Saturday, will almost certainly close with a surplus of revenue over expenditure in the British Exchequer for the first time for three years. The Treasury returns for last week, with a revenue of £31,000,000, showed a surplus of nearly £9,000,000.
The total revenue for the year now exceeds £818,000,000, while the expenditure to date is £600,000 less than that at the corresponding date of last year.
Last year's expenditure was higher and the revenue lower and "there was a deficit of over £37,000,000. During the past year death duties have yielded £7,000,000 more than the estimate.
The floating debt was reduced last week by over £1,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19280330.2.87
Bibliographic details
Auckland Star, Volume LIX, Issue 76, 30 March 1928, Page 7
Word Count
126BRITAIN'S BUDGET Auckland Star, Volume LIX, Issue 76, 30 March 1928, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in