BRITAIN’S EXCHEQUER
HEAVY BUDGET TASK £789,000,000 EXPENDITURE British Official Wireless RUGBY, Monday. The totals of all the estimates for the coming financial year have now been published except the figures for the Navy. It is anticipated that the Admiralty’s requirements will be practically the same as last year, namely, £57.000.000. It is now possible to estimate the approximate expenditure which the Chancellor of the Exchequer, Mr. Winston Churchill, will have to face in Preparing his Budget next month. In round figures it will be about £799.000,000. Of that sum £, 355,000,000 will be required for the services of debt, £113,200,000 for the defence services, £308,500,000 for the revenue department, and £ 22,000,000 for miscellaneous Consolidated Fund services. However, the Post Office estimates must be deducted from this total as its expenditure will be more than balanced by the revenue. This will reduce the amount of expenditur to be provided for to about £741,000,000. The discussion in Parliament of the estimates of the various departments be commenced this week.
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Bibliographic details
Sun (Auckland), Volume II, Issue 605, 6 March 1929, Page 9
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166BRITAIN’S EXCHEQUER Sun (Auckland), Volume II, Issue 605, 6 March 1929, Page 9
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