EIRE BUDGET
GLOOMY OUTLOOK OPENED. HEAVY DEFICIT & FALLING REVENUE. (By Telegraph—Press Association—Copyright) DUBLIN, May 6. The Minister of Finance , (Mr O'Kelly) introducing the. Budget, disclosed a prospective deficit of £4,558,000. He said that neither taxation nor economies would bridge the gap. The supply position might be eased if Eire abandoned her neutrality but who, he asked, would counsel such a course,? Army expenditure since 1939 had increased five-fold, to over £8,000,000. Tobacco receipts at £7,000,000 provided 65 per cent of the Customs revenue, but stocks were down to danger point. There would be no additional taxation and no increase in income tax or surtax.
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Wairarapa Times-Age, 8 May 1942, Page 3
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104EIRE BUDGET Wairarapa Times-Age, 8 May 1942, Page 3
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