THE BUDGET

Greymouth Evening Star, 31 July 1946, Page 8

THE BUDGET

MAY BE READY FOR NEXT

WEEK

TAXATION REDUCTIONS The Budget will probably be presented on either August 8 or 15, that is the Thursday of either next week or the following week. The Minister of Finance (Mr Nash) said in Wellington yesterday that the Budget would probably be ready for one or other of those days. . This year the presentation of tne Budget will probably be followed immediately that evening by the introduction of resolutions providing for reductions in sales tax and possibly in some items of customs taxation. If so, the House will continue to sit until the resolutions have been passed. Resolutions on customs and sales tax are later confirmed by legislation. The last occasion on which customs and sales tax resolutions were before the House was on Budget night in 1942, when special war imposts were adopted. The debate on the Budget will not be opened by the Leader of the Opposition (Mr S. G. Holland) until the week following the presentation, normally on the Tuesday. However, if the House is sitting alternative long and short weeks it is possible that the debate will be opened on either the Monday or Wednesday. Members are entitled to speak for an hour in the financial debate, which generally lasts a month or more.