FEDERAL BUDGET
SURPLUS OF £3,568,412 NO NSW TAXATION * By Telegraph—Press Association-Copyright Wee. October 8, 10.30 p.m.)
Melbourne, October 8. In the Federal ilouao of Representatives Mr. Poynton'delivered the Federal Budget. He said that the revenue for the past, year amounted to .£44,708,408, and 1 he-expenditure to ,£15,135,870. As an accumulated surplus of .£3,915,820 had been brought forward from the previous year, the present year ended with an accumulated surplus of .£3,508,412. Pavment from revenue on,account of the war during the year was .£13,527,703. Special taxesi to meet this expenditure yielded .£30,377,349. The total war expenditure to date was .£311,452,248, of which ■£45.958,014 was expenditure out of revenue, leaving ,£205,493,784 as a- charge to , tho War Loan Account. Mr. Poynton estimated that the revenue for the current year would total. .£■16.346,635. which, with the accumulated eurplns brought forward, would mako a total of .£49,915,047. Against this he estimated the expenditure of ,£49,570,203. No new taxation is foreshadowed.—Press Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19191009.2.52
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 13, Issue 12, 9 October 1919, Page 5
Word count
Tapeke kupu
157FEDERAL BUDGET Dominion, Volume 13, Issue 12, 9 October 1919, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in