REVENUE AND EXPENDITURE

Press, Volume XCI, Issue 27639, 21 April 1955, Page 13

REVENUE AND EXPENDITURE

LONDON, April 19. An official statement of Britain’s estimates of revenue and expenditure issued tonight, put total ordinary revenue at £4,710,000X100 against expenditure forecast at, £4.562,000.000. Major items of expense are estimated: £

Million National Debt charges .. 636 Payments to Northern Ireland i .. 53 Army .. 484 Navy .. 343 Air Force .. 540 Other defence charges (Ministries of Defence and Supply) .. 116 Aid to local services (Education, Health, Housing, Police. Roads. etc.) .. 632 National Health .. 538 Family allowances .. 106 Pension* .. 107 national assistance tai a to poorest) 101 Crop and food subsides .. .. 311 Atomic energy .. 51 Broadcasting * .. .. 28 Colonial development 18 Commonwealth and foreign service (including administration) 80 Separate Irish services 61 Research 21 The grand total for defence is £1.537,000,000, of which £43,000,000 is offset by American aid. Major items of revenue are estimated £ Million Income taxes 2,013 Death duties 185 Stamps .. 74 Profits taxes .. . . 205 Spirits duties .. 120 Beer duties .. ». 245 Wine duties L. 23 Tobacco duty 660 Match and lighter duties 13 Oil and petrol duties .. 320 Entertainment taj Import duties 76 Purchase tax .. I. 368 Betting tax .. 28 Motor tax 80 Radio and television licences 25