BUDGET DEFICIT
ANTICIPATED IN BRITAIN OWING TO ARMAMENT DEMANDS. ANOTHER 200 MILLIONS NEEDED. Gy Telegraph—Press Association —Copyright. (Received This Day, 12.15 p.m.) LONDON, December 30. It is estimated that the British Budget will now show a deficit of £75,000,000, compared with last year. If the expenditure of 1938-39 does not exceed last year’s and the revenue increases are in accordance with those anticipated for the whole year, the Budget would balance, but with the addition of armaments- expenditure it is now believed that Sir John Simon (Chancellor of the Exchequer) will need two hundred millions of new revenue. If half of it is borrowed, thereby doubling the original borrowing programme for 1939/40, there will remain a hundred millions to obtain by taxation.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19381231.2.63
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 31 December 1938, Page 6
Word count
Tapeke kupu
122BUDGET DEFICIT Wairarapa Times-Age, 31 December 1938, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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