LAST YEAR’S FUNDS

Dominion, Volume 23, Issue 256, 25 July 1930, Page 12

LAST YEAR’S FUNDS

Spending Compared “The net expenditure of the Ordinary Revenue Account for the year totalled £25,200,882, compared with £24,176,928 for the previous financial year. The net increase of £1,023,954 is made up of £983,008 in permanent appropriations, and the balance of £40,946 in annual appropriations. The modest increase in the latter is evidence of the very successful 'efforts made by the Government to keep departmental expenditure down to a minimum. “Expenditure under permanent appropriations consists of interest, debt-repay-ment charges, and payments under special Acts of the Legislature, whereas the annual appropriations cover the various departmental votes. Notwithstanding the fact that the estimates for these votes were most carefully overhauled last year, the close control maintained over expenditure resulted in the votes being underspent by approximately £218,000. Permanent Appropriations. “Briefly, the expenditure under permanent appropriations consisted of lhe following items;— Increase Expenditure over pfe--1929-30 vious Year r. £ £ Interest and debtrepayment .. 10,697,242 556,501 Pensions and family allowances .. 2,749,898 92,364 Proceeds of petroltax and other ear - marked revenues appropriated to Main Highways Account and local authorities .. 1,509,410 274,394 Subsidies to Hospital Boards and local authorities 952,144 62,390 Subsidies to Superannuation Funds ami National Provident Fund .. 381,548 176,832 Other items under various special Acts .. .. 937,363 209,473* Total 17,227,605 983,008 •Decrease.