BRITAIN’S REVENUE

Otago Daily Times, Issue 21602, 24 March 1932, Page 9

BRITAIN’S REVENUE

DEFICIT DWINDLING RETURNS TO MARCH 19 (British Official Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.) RUGBY, March 22. (Received March 23, at 5.5 p.m.) With eight more working days hefora the financial year ends on March 31 the revenue returns to March 19 show a deficit on the national accounts, of only £19,400,000, compared with £34,800,000 at the corresponding date last year. The revenue in the,, week amounted to 1.700,000, and the expenditure to £19,900,000, making a surplus in the week of £4,800,000. The income tax receipts have already exceeded the revised Budget estimate of £272,000,000 by over £5,000,000, and the surtax receipts by £2,000,400. On the other hand, estate duties and stamps together are £21,000,000 behind last year’s receipts to date, although the Budget estimated to receive in the year about the same total as that of last year. Customs and excise revenues together are about £10,000.000 over last year’s receipts to date, compared with the Budget estimate of £7,500,000 increase in the year. Supply expenditure to date is about £11,000,000 in excess of last year, compared with an estimated increase of £22,500,000. indicating substantial economies. The floating debt amounts to £009,000,000, a reduction of £3,500,000 in the week.

PROBABLE BUDGET SURPLUS. LONDON, March 23. , (Received March 24, at 0.30 a.m.) The Daily Express calculates the Budget surplus at £10,000,000.