The Archive · 1935

British Budget Surplus

London, Mar. 31.

The healthy state of Great Britain's Anances for the financial year ended last night is shown in the returns Issued by the Treasury which reveal surplus of revenue over expendi-"ure amounting of £7,562,000.

Revenue, which totalled £716.441,- 000, exceeded the Budget estimate by nearly £10.000.000, while expenditure, at £708.879,000, was £3,155,000 above the estimated figure.

The returns show that income tax for the year ended last night totalled £229,000,000 and exceeded the est mate by over £9,000,000, while surfax. and estate duties were also in advance of the estimates.

Customs excise, which amounted 13

+£200,000,000, almost exactly corres poned with the estimate.

Expenditure includes £12:343,000 paid by means of a sinking fund for debt redemption. Thus the revenue fexeeeded expenditure, apart from [debt redemption, by nearly £20,000,-

"The floating debt now stands at £833.389.000, as compared with £844,- 710,000 last year—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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