REVENUE AT HOME
VERY FAVOURABLE RETURNS. EXPENDITURE BELOAV ESTIMATE, AN INTERESTING STATEMENT. (United Press Association.—By Electric Telegraph.—Copyright.) (British Official AVireless.) Received March 14, 11.20 a.m. RUGBY, March 13. The latest weekly Treasury returns show that up to March 10 the total ordinary revenue for the current financial year, which ends on March 31, amounted to £676,908,092 and the ordinary expenditure £651,185,862. For the full year it was estimated that the ordinary revenue would amount to £698,777,000 and the ordinary expenditure to £700,866,000. Inland revenue collected last week totalled £16,313,000 including £10,215,000 in income tax, £3,060,000 surtax, and £1,850,000 in estate duties. Receipts from Customs and Excise last wfsk amounted to £5,072,000, bringing the total to date to £269,465,000, which slightly exceeds the estimated yield for the full y'ear.
Ordinary and self-bafancing revenue to date amounts to £755,238,092 and the total ordinary and self-balancing expenditure amounts to £740,035,351, after allowing for two items not provided for in the Budget, namely, £7,215,097 for the new sinking fund and £3,304,392 for war debt payments to the United States.
The Budget estimate for ordinary and self-balancing expenditure was £784,405,000.
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Bibliographic details
Manawatu Standard, Volume LIV, Issue 89, 14 March 1934, Page 7
Word Count
185REVENUE AT HOME Manawatu Standard, Volume LIV, Issue 89, 14 March 1934, Page 7
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