WHY THE SHORTAGE?
If the Government did not reduce expenditure or increase taxatioa, it is estimated'that it would at the end of this financial year he faced with a national deficit of £3,095,000. Mi\ Forbes, in tile.course of his Financial Statement,, summed up the position by saying that the anticipated principal variations from last year's revenue and expenditure were as follow:— Decreases in Revenue— £ Customs ....... 1,150,000 Interest on Railway Capital .. 1,230,000 Land and Income Tax ..." 300,000 Items Other Than Taxation ..,,, 150,000 T ' 2,830,000 Increases in Expenditure— Debt Charges 315,000 Pensions and Other Fixed' Items 100,000 "j • 416,000! Less Amount of Last Tear's '" ' Surplus ................... 150,000 Prospective Budget WmcUzptox ■■■■•-■■
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Bibliographic details
Auckland Star, Volume LXI, Issue 174, 25 July 1930, Page 8
Word Count
107WHY THE SHORTAGE? Auckland Star, Volume LXI, Issue 174, 25 July 1930, Page 8
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