NOT PRACTICABLE

Stratford Evening Post, Volume I, Issue 74, 6 March 1931, Page 5

NOT PRACTICABLE

I BALANCING BUDGET FEDERAL FINANCES BIG DEFICIT EXPECTED MORE TAXATION * ••- ESSENTIAL AUDltOfl-GENERAL'S ESTIMATE Press Association. —Copyright * ■;.,-.;,,., (Reed. 11.30 a.m.) CANBERRA, This Day. In a report "on the finances for the year, ended June, 1930, the Commonwealth rAuditor-General, Mr. Cerutty, estimates the Federal deficit at £ i6,000;000 # for the year ended June 30 \ next, JU* addition to an accumul%tied* deficiency of £6,458,000 shown In ithe'Treasurer's accounts at June

balancing of the Budget this financial year is clearly not practicable. Progress In that directiop;) may; frowever be made by savings in expenditore and additional taxation which, in the circumstances, cannot be avoided however unpalatable it may be.