INDIA’S ESTIMATED DEFICIT £11,092,000
(11 a.m.) NEW DELHI, Feb. 28. The Indian Finance Minister, Dr. J. Mattaha, estimated a deficit of approximately £11,092,000 at the existing level of taxation when he presented his Budget for the new financial year to Parliament today. The main features of the Budget were:
Revenue for the next year is estimater at £230,805,000 and expenditure at £241,897,000.
Defence services arc estimated to cost £116,572,000 this year and £llß,027,000 next year.
Capital outlay on defence will cost £7,432,000 this year and £11,250,000 next year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19490301.2.55
Bibliographic details
Gisborne Herald, Volume LXXVI, Issue 22883, 1 March 1949, Page 5
Word Count
88INDIA’S ESTIMATED DEFICIT £11,092,000 Gisborne Herald, Volume LXXVI, Issue 22883, 1 March 1949, Page 5
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.