Britain Will Pay Her Way

Manawatu Times, Volume LV, Issue 6810, 17 March 1932, Page 7

Britain Will Pay Her Way

Budget Will be Balanced LATEST REVENUE BETURNS British Official Wireless. RUGBY, March 15. Revenue returns, issued to-night, giving the figuros to last Saturday, leave no doubt that the objective of a balanced Budget will be successfully realised. During the last week tho deficit was Tcduced by £12,800,000, and amounted at the end to £24,200,000, compared with £44,100,000 at the same date last year. Tho total receipts from inland Tovenue taxes since April 1 last amount to £411,700,000, leaving £30,300,000 still to be collected to realise the revised Budget estimate of £451,000,000. Further receipts of £10,100,000 will bring tho total of income and surtax up to the amount estimated to bo received in the year. Customs and excise receipts are £9,400,000 up on last y( ar, compared with the estimated increase in the whole year of £7,600,000. The total expenditure has amounted to £807,300,000, which is £24,700,000 less than that to tho corresponding date of last year. The revised Budget contemplated a total reduction in the year of £16,200,006, but supplementary estimates of £500,000 have since been presented. Tho floating debt was reduced in the week by £10,100,000 and now stands an £612,375,000, being £7,000,000 less than at the corresponding date of last year.