DEBT AND LOAN EXPENDITURE
Turning now to the Public Debt and the loan expenditure, in the last Budget I expressed the opinion that we should seek to curtail the increase in the Public Debt and taper off in our borrowing. In this respect I think the public will also be pleased with the curtailment effected. For in 1925-26 the net addition to the Public Debt was £11,000,000, whereas for 1926-27 it fell to £6,900,000. It is only fair to say, however, that in the £11,000,000 was included a large part of the special loan raised to try to catch up on the applications for loans from the State Advances.
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Bibliographic details
Evening Star, Issue 19552, 10 May 1927, Page 2
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109DEBT AND LOAN EXPENDITURE Evening Star, Issue 19552, 10 May 1927, Page 2
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