GRIM DOCUMENT
Britain’s 1932-33 Budget OPTIMISTIC ESTIMATES International War Debts By Telegraph—Press Assn.--Copyright. (Received Jan. 18, 11.55 p.m.) London, Jan. 18. “The grim Budget of 1932-33 does not seem destined to repeat the success of the 1931-32 Budget,” says “The Times.” "No provision is made for a payment to the United States. The estimates of the cost of unemployment relief are also too optimistic, and the default of the Irish Free State will cost £3l millions. “Already, unforeseen charges falling on the Budget total £5O million. There is little sign that the yield from taxes will be buoyant enough to offset this. “No doubt the nation has decided that 1933 must see a final settlement of the international debts, but additional economies must also be found if the Budget of 1933-34 is not going to be as grim as the others. The present over-taxation is one of the principal causes checking public and private enterprise.”
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Bibliographic details
Dominion, Volume 26, Issue 98, 19 January 1933, Page 7
Word Count
155GRIM DOCUMENT Dominion, Volume 26, Issue 98, 19 January 1933, Page 7
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