COST OF BRITISH PENSIONS.
The expenditure of the British Ministry of Pensions is still going up, and it cannot vet he snid when the maximum will he rencdied. In 1917-18 pensions absorbed £23,000,000 of public money. The estimate for 1918-19 was’£4l,ooo,ooo. but the amount actually spent, when the accounts are finally balanced, will be in the region of £50,000,000. That means that in the financial year which is now ending the weekly average of State money spent on pensions was, roughly, £1,000,000. The prospective commitments of the Ministry arc so heavy that the weekly average will probably rise to £1,500,000 in the coming financial year. In round figures, between £70,000,000 and £80.000,000 will be needed for pensions. What this means will be realised when it is recalled that the entire national expenditure in the last full year of peace was approximately £200,000,000. In 1919-20, pensions alone will absorb more than one-third of (he* 1 total expenditure of the Navy, the Army, and the Civil Service Departments in 1913-14.
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Manawatu Herald, Volume XLI, Issue 1959, 1 April 1919, Page 4
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168COST OF BRITISH PENSIONS. Manawatu Herald, Volume XLI, Issue 1959, 1 April 1919, Page 4
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