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Wednesday, 3 June 1942


Mr CHIFLEY (Macquarie) (Treasurer) (5:17 AM) . - I move -

That there be granted to His Majesty for or towards defraying the services of the year 1942-43 a sum not exceeding £37,409,000.

The purpose of this measure is to secure the necessary appropriation of moneys to carry on the services of government until the annual appropriation hills for 1942-43 are approved by Parliament. The bill makes provision for the expenditure of an amount of £37,409,000 for revenue services for the period of the first three months of the financial year 1942-43. The provision may be summarized under the following heads: -

 

The bill provides only for the amount which is estimated to be sufficient to carry on the essential services on the basis of the appropriations passed by the Parliament for the current year, 1941-42. The items, excluding defence and war services, making up this total represent, approximately one-fourth of those appropriations, except in a few cases' where expenditure is heavier in the early months of the financial year than in the later months. The provision for defence and war services represents the estimated amount which will be available from revenue receipts for the first three months of the year after making allowance for our other obligations. In addition to the defence expenditure from revenue there will, of course, be much greater expenditure which will be covered by loan appropriations. The usual provisions are made in the bill for "Refunds of Revenue " and " Advance to the Treasurer the amounts being £1,000,000 and £5,000,000, respectively. The latter amount is mainly required to carry on uncompleted civil works which will be in progress at the 30th June, and also to cover unforeseen and miscellaneous expenditure. It will also temporarily finance the special grants to South Australia, Western Australia and Tasmania on the same basis as that approved by Parliament for the present financial year until a bill can be submitted after receipt of the report of the Commonwealth Grants Commission. Except in respect of defence and war services, no provision is made in the bill for any new expenditure; no departure from existing policy is involved.







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