BRITAIN'S FINANCE
Revenue Well Up FLOATING DEBT 600 MILLIONS MORE (Received March 13, 7.5 p.m.) RUGBY, March 13. With three weeks of the financial year to go the British Exchequer returns show that the total ordinary revenue amounts to £974,480,480, as compared with the revised War Budget estimate of £995,180,000, and with £859,731,074 at the corresponding date last year. The yield of the Customs taxes already exceeds the estimate of £239,600,000 by £5,155,000. The receipts from income tax are £363,559,000, as compared with £390,000,000 estimated in the Budget, and £309,858,000 estimated a year ago. The total expenditure, less selfbalancing items is £1,160,863,311, as against £883,536,086 at the corresponding date last year. The estimated total expenditure was £1,431,127,000. The floating debt outstanding is £2 506,665,000. This is an increase of £586,355,000, since the beginning of this financial year, and an increase of £606,480,000 since the corresponding date of 1939.
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Bibliographic details
Grey River Argus, 14 March 1940, Page 7
Word Count
148BRITAIN'S FINANCE Grey River Argus, 14 March 1940, Page 7
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