SOCIAL SECURITY COST
TREASURY TRANSFER (Special to the Herald.) WELLINGTON, this day. Social security benelits in the last financial year increased to the extent of £1,744.816, of which over £1,000,000 represented the monetary benefits such as pensions and unemployment The indirect benefits, such a hospital, medical apd maternity, increased by £719,985. j Universal superannuation in its first year cost £240,336, and all annuitants will now be receiving an additional £2 10s per annum. One decrease is shown in the accounts, unemployment benefit at £259,160 being less than in the previous year to the extent of £125,336. All the figures on the revenue side also show great expansion. Social security charge, penalties and registration fees 'rose to £10,741,864, an increase of £1,212,170. However, as this did not overtake’ the rise in expenditure, the customary contribution from general taxation, £1,000,000 in the financial year ended March, 1940, was increased by a Treasury transfer of £3,200,000, ana the fund now has an investment account with a credit of £1,700,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19410619.2.28
Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20585, 19 June 1941, Page 4
Word Count
166SOCIAL SECURITY COST Gisborne Herald, Volume LXVIII, Issue 20585, 19 June 1941, Page 4
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.