THE COST OF WAR
AUSTRALIA’S EXPENDITURE (Rec. 11.30 p.m.) CANBERRA, July 12.
The cost of the war to Australia to the end.of the last financial year, June 30, has been £1,106,000,000. During the year just ended the Commonwealth’s war expenditure totalled £561,787,000. Central Bank credit of nearly £218,000,000 was issued to finance war expenditure, while Budget revenue provided nearly £160,000,000. The balance of over £400,000,000 came from loan funds borrowed within Australia. Of this amount, about half was raised by public subscription. War expenditure rose by more than £242,000,000 in 1942-43. compared with the previous 12 months.
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Otago Daily Times, Issue 25276, 13 July 1943, Page 5
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97THE COST OF WAR Otago Daily Times, Issue 25276, 13 July 1943, Page 5
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