Income tax and luxury taxes untouched in deflationary budget
Canberra Budget keeps income and luxury taxes steady while a new stock valuation system is proposed. Expenditure falls due to NCDC and sector cuts, yet total revenue rises by 25 percent to about 1.6 billion, with higher rates on parking and emergency services. Housing allocations are trimmed amid population growth and means testing.
MENTIONED IN THIS ARTICLE
Department
National Capital Development Commission
NCDC
A.C
United Finnce
Scinally
Publlic Service Act
Exhia
Meath Levy
Medibank
Government outlines broad 1976-77 financial plan
The document details no changes to cigarette, beer, wine, spirits, or tobacco excises but projects a 23 percent revenue rise. It notes ACT income, housing loans, and public service cuts, with education and defence increases, tax reforms, and rural income equalisation measures. Deficit projected around 2.6 billion with outlays up 11.3 percent.
1976-77 Budget Deflation Strengthens Spending Cuts
The 1976-77 deflationary budget avoids tax hikes and tobacco, alcohol, and petrol increases while cutting government allocations across most areas. Defence receives relief, welfare and social security rise modestly, and education faces reductions. Transfers to the States and new systems slow, with tight controls on public expenditure and subsidies.
MENTIONED IN THIS ARTICLE
Mathews
Hits Ineay
Public Service ceilings cut again by two percent
Budget papers disclose further reductions in Public Service ceilings, adding a total 3.0 percent cut for the financial year ending 1976-77. Other Commonwealth employment areas face about an 18 percent adjustment, with smaller 0.9 to 2.5 percent changes noted as officials outline the new ceilings.
MENTIONED IN THIS ARTICLE
Turther Ents
Thal
Hung
Bunton Resigns as Mayor Amid Government Cuts
Late report notes Bunton resigns as mayor while NSW government faces budget cuts. Details discuss average department employment, with Treasury forecasting 3,999 staff this year and declines in Foreign Affairs, Administrative Services, Aboriginal Affairs, Immigration and other agencies. Budget papers indicate Commonwealth employment down about 8 percent, with about $22 million in turner reductions for 1976-77.
MENTIONED IN THIS ARTICLE
Wialnt
Trewary
Frederick Wheeler
Achal
Prime Minster
Bown
Whitlam Budget Criticized by Opponents in Melbourne
In Melbourne on Tuesday leaders from the opposition and unions attacked the Budget. Mr Whitlam warned living standards would fall further while the public sector needed revival. Unions cited rising unemployment and questioned wage indexation. Industry spokespeople urged restraint and reform to spur recovery.
MENTIONED IN THIS ARTICLE
Whitlam
Australia
Melbourne
Tues
Australian Council of ‘Trade Unions
Hawke
Victorian Chamber of Manufactur
Brian Powell
Budget cuts aim to curb inflation and unemployment
The budget speech outlines cuts in Federal health expenditure by 2.5 percent and housing by 1.5 percent, with pensions rising in November and June no changes. It cites inflation control as government goal, expects unemployment to remain stubborn due to a growing labor force, and notes receipts up 18.8 percent while overall deficits rise to 2.59 million, with tax and welfare adjustments affecting states and capital works. The tone stresses deflationary posture, with calls for industry support and price indexation reforms.
MENTIONED IN THIS ARTICLE
Fy Iret
Tako
Rudger
Treasury outlines 4 percent growth plan for LY76 77
The Budget aims for 4 percent growth with private sector dominance and productivity gains. Projected 19 growth by 2 percent and 1 to 2 percent productivity rise, while price indexes edge up. Outlays rise about 11 percent with revenues up roughly 19 percent, domestic deficit at 1.899 billion, and money flows expected to ease from last year’s levels amid cautious government spending and investor appetite.
MENTIONED IN THIS ARTICLE
Reduclionera Realters
Proceis
Defence
Tven Moeual Security
Welfire
Ment Js
TV Anl
SNK
Also Mentioned on This Page
Department of
the Capital Territory
ACT
Tenton
Owick Ta Ne
Progres
NCRC
Canberra
Toms
Twen
Iran
Lynch
Parliament House
High Court
The
Industrial Court
Supreme Courts
Territories
Gay Davidson
IMO
Allewea
Ume
Wecions
van Wutiekens
Bruce Juwuck
Bunton
Metalrade Industries Association
R. G. Fry
Thare
Ieee
Ranier
Salonnerres Avalalin
Pelbing Wtublican Coo
Union Net Rowley Min Nters Withua
Weathe
Sint x
NEDC
Department of Environment
Sune
Yale
Telecom
Wee Reteuini
Tr Nenathien
Normmany Mahie
Amd Non Farm
Haimurepanaiyal
Treasury
By Waakwick
Icken, Kermomies
Walter
Avia Hillery
Arausernbats
Austins
Rts m
St. U Hej
Matty Weserts
Canberra ‘Times
Queensland
Ansett Airlines
AIR
Istralia
Northbourne Ava
Phillis Gentre
Woden Valley
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