N.S.W. BUDGET

Grey River Argus, 21 April 1928, Page 5

N.S.W. BUDGET

GOVERNMENT’S PLAN. (Australian and N.Z. Cable Assn.) SYDNEY, April 20. In the Assembly, the Budget presented showed revenue for the year ended June, 1927. totalled £44,261,039 and expenditure £42,802.107, leaving « surplus of £1,458,932, due mainly to the large increase in receipts from direct taxation, which totalled £3,079,000, an increase of nearly 35 per cent, compared with the previous year. The suspension of the collection of the Family Endowment Tax will be extended a further six months, and should it then be decided to continue this meaps of raising the necessary funds, a tax of approxiiuate’v from 1 to .1' per cent, will suffice, instead of 3 per cent, imposed by the Lang Govern men.i. The Assistant Treasurer concluded that -while the general outlook was extremely bright, and such as to inspire the utmost confidence, the Government did not intend to indulge in extravagant unnecessary expenditure or relax efforts to ensure the exercise of the strictest economy in the administration of the Government. SYDNEY, April 20. In the Assembly, Mr. Lang’s censure motion was defeated by 44 to 39: QUITE ANOTHER STORY. DEFICIT A TORY AFFAIR. SYDNEY, April 20. Correction: —The (Budget message last night, mentioning a deficit, refers to the Nationalist Government’s estimates for the year 1928-29 ensuing. The surplus cabled this morning refers to the 1927-28 financial year just closed.