PUBLIC ACCOUNTS.
NOT CHEERY READING. INCREASED EXPENDITURE. (Special Correspondent.) WELLINGTON, Saturday. The statement of the public accounts for the first nine months of the current financial year, which will end on March 31 next, does not make very cheery reading for the long-suffering taxpayer. The statement shows that while the revenue for the nine months has increased by only £10,655 compared with the revenue for the corresponding period last year, from £16,128,220, that is to £16,138,875, the expenditure has increased by £612,475, from £17,621,744 to £lB,234,217. This means, in the familiar language of the counting house, that during the nine months the State’s income has declined by £601,818, and would have declined still further but for a fortuitous increase in stamp and death duties which brought in £170,121 more than they did during the corresponding period last year. The mam increases in the expenditure were £45,223 in the Department of Education, £29,299 in the Department of Agriculture, and a trifle of £18,645 in the Department of Defence. Just where the expenditure of the Department of Education is going to taper off no one ventures to speculate, and the Minister in charge seems indisposed to furnish any information on the subject.
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Bibliographic details
Waikato Times, Volume 103, Issue 17326, 11 February 1928, Page 10
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200PUBLIC ACCOUNTS. Waikato Times, Volume 103, Issue 17326, 11 February 1928, Page 10
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