FEDERAL REVENUE
Budget Balance Expected ' INCREASES IN MARCH Canberra, April f2. The revenue figures for nine months indicate that the Commonwealth will finish the financial year with a balanced Budget. The revenue for nine months totalled £48,029,000, and the expenditure £51,513,000, a shortage so far of £3,484,000. Included in the expenditure is £1,796.000 paid on behalf of New South Wales to meet interest payments. Increased amounts were received in March from Customs, sales taX - , land tax and income tax. with the result that the revenue for March wa< £6,355,000, compared with £4.814,000 in February. The Commonwealth’s own expenditure exceeds the revenue by only £1,685,000, and the three best yielding months of the year remain.
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Bibliographic details
Dominion, Volume 25, Issue 169, 13 April 1932, Page 9
Word Count
114FEDERAL REVENUE Dominion, Volume 25, Issue 169, 13 April 1932, Page 9
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