Budget At A Glance Budget At A Glance
Budget outlines no major concessions but aims to boost the economy through higher national development spend. It notes a peacetime deficit of £118.35 million with total expenditure at £2,091,760. Defence rises to £210 million, personal income tax rebate continues, sales tax relief on household goods and cars continues, and manufacturing plant allowances persist. National development gets £26.8 million, Snowy Mountains Scheme up £8.1 million to £24.10 million, air navigation charges rise, lighthouse fees increase, oil exploration up £3 million to £6.6 million, plus a £300,000 grant for the gold mining industry.
MENTIONED IN THIS ARTICLE
Australia
Federa Ironworkers’ Association
Short
Whillams
Bainian
Holt
Tax Cuts Continue to Stimulate Economy and Public Works
The government kept existing tax concessions last February as temporary stimulus while boosting expenditure on development projects in Queensland and Western Australia. Total allocations reach 26.8 million pounds, up 17 million from last year, with air exploration spending rising to 67 million and Snowy Mountains scheme boosted by 8 million. Revenue-raising moves could lift airline fares and freight rates, with navigation charges up for airlines and lighthouse services increases.
MENTIONED IN THIS ARTICLE
Halt
Miasl
Holt
Ma Holt
Royal visits budgeted cost of Commonwealth tours
Government estimates three royal visits in eight months will cost the Commonwealth 240000 pounds. Allocation includes 60000 for the King and Queen of Thailand visit, 30000 for the Duke of Edinburgh to open the Commonwealth Games in Perth, and 150000 for the Queen and Duke’s March next year tour.
MENTIONED IN THIS ARTICLE
Commonwealth
Hol
Sig Queen
Thailand
Duke of Edinburgh
Perth
Naversher
ACT Vote Increases £3 Million to £22 Million
The document outlines a rise in capital and ordinary appropriations to cover national capital development and departmental needs. Capital works receive £16,236,000 with £2,150,000 from the National Capital Development Commission and £15,104,009 for Interior. Expenditure figures span Works, Wealth, Labour and National Service, and Health, with projected revenue of £24,472,000.
MENTIONED IN THIS ARTICLE
National Capital Development Commission
Department of Interior
Department ‘of Works
Department of Wealth
Department ‘of Labour and National Service
Holt
National Capital Development
A. Police
Mali
Budget Critics Deem Realism Deficit Plans Flawed
Leaders across industries critique the federal budget for not adding stimulus to private sectors or pensions. They warn of indirect employment impact and insist on measures to bolster growth, pension increases, and immediate relief for cost pressures.
MENTIONED IN THIS ARTICLE
Housewives Association
Adams
Associated Chambers of Commerce
C. Vereu
Budget Deficit Reaches Peacetime Peak In Commonwealth
Treasury announces a budget deficit of £118,328,000 as receipts total £1,973,492,000 against expenditure of £2,091,760,000. Treasurer Holt cites large growth in capital commitments and flat revenue, with £10,977,000 planned for this year's capital works and services, up £6,307,000 from last year.
MENTIONED IN THIS ARTICLE
Holt
House of Representatives
PMG
Also Mentioned on This Page
Tigm
Queensland
Western Australia
Governent
Snowy Mountains
A.C.T
Department of Inc
Elior
Joamk
Cooperative Building “Societies
Jyeaalth Bockworks
Canberra
Health Department
Basigck
Parliament House
Associated Chambers of Manufacturers
John N. Walker
Rs.l
A. J. Lee
D.lp
Senator Cole
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!