FINANCES OF DOMINION
Surplus Of £1,726.000
Disclosed
(P.A.) WELLINGTON, May 28. xA surplus of £1,726,000 is shown in the Public Accounts for the financial year ended March 31 last, details of which were announced tonight by the Minister of Finance, the Hon. W. Nash. The revenue for the year amounted to £40,438,000 and the expenditure to £38,712,000. Last year’s Budget provided for an estimated surplus £46,000, but Mr Nash explained that revenue had been more buoyant than was expected at the time the Budget was prepared and that taxation receipts had greatly exceeded expectations. The revenue had exceeded the Budget estimate by £3,358,000. Mr Nash said it was particularly gratifying that in spite of war conditions New Zealand was able to close another year not only with a balanced Budget, but with a satisfactory surplus with which to begin the new year.
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Bibliographic details
Southland Times, Issue 24447, 29 May 1941, Page 4
Word Count
142FINANCES OF DOMINION Southland Times, Issue 24447, 29 May 1941, Page 4
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