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State Budget Forecasts Deficit in New South Wales
The Premier and Treasurer forecast a deficit of £8,305,506 for 1931-32 as part of a financial reconstruction plan. Adherence to a target deficit of £5,410,000 was proposed, with reimbursements to the Commonwealth totaling £1,672,722 and interest payments exceeding anticipations by £700,000. The document outlines revenue and expenditure, noting income tax may fall about £1,000,000 short of prior year receipts.
MENTIONED IN THIS ARTICLE
Lang
New South Wales
Commonwealth
Awcastle
Sydney Harbour Trust
Newcastle
Toa Transport Metropolitan
Sydney Harbour ‘Trust