N.S.W. FINANCE
THE BUDGET STATEMENT BY THE PREMIER. Br Tolezraph—Press Association—Copyrlcln (Received March 13, 0.35 a.m.). SYDNEY, March 12. In the Legislative Assembly, Mr Holman, the Premier, in delivering the Budget, stated that the estimated revenue for the current year w-as £lB,380,000, an increase of £2,120,000, including £643,000 from new taxation already foreshadowed, in addition to higher freights and fares on the railways and tramways. The estimated expenditure tvas £18,342,000 leaving a surplus of -£39,000. This surplus is Obtained by abolishing the sinking funds for the year and nht making any grants to the Public "Works Funds. There is an increase of expenditure of £853,000 compared with the previous year, and, as a result, the deficit of £1,228,000 was not repeated. In submitting the Estimates Mr Hobnan su’d that he hoped to bo able to reintroduce tho sinking fund next year, with a view to wiping off the deficit remaining over from 1912-13. He forecasts that the revenue next year will be £20,039,000.
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Bibliographic details
New Zealand Times, Volume XXXVIII, Issue 8680, 13 March 1914, Page 5
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163N.S.W. FINANCE New Zealand Times, Volume XXXVIII, Issue 8680, 13 March 1914, Page 5
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