BUDGET FORECAST
HUGE SUM NEEDED YET LOWEST FOR EIGHT YEARS. (British Official Wireless.) RUGBY, March 4. When the Chancellor of the Exchequer, Mr Neville Chamberlain, presents the National Budget next month, probably on. April lJth, it is anticipated that- he will require to make provision for a total expenditure of about £792,000,000. •• , ')
Immense as is this sum, it will be the first budget below £800,000,000 for eight years. Respite the fact that the country is paying its way out of revenue, as the result of drastic: economies put into operation for tins purpose last September, it is now clear that the economies then planned will actually be exceeded, and in the place of savings of £70,000,000. the figure will be approximately 78,000,000.
The broad effect of the Government’s drastic policy of economies in expenditure will be about £11,000,000 below that of a year ago.
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Hokitika Guardian, 7 March 1932, Page 5
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144BUDGET FORECAST Hokitika Guardian, 7 March 1932, Page 5
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