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Thursday, 29 September 1927


Senator SirWILLIAM GLASGOW (Queensland) (Minister for Defence) [3.28]. - I lay upon the table of the Senate, by command, Estimates of Receipts and Expenditure, Estimates of Expenditure for Additions, New Works, Buildings, &c, for the year ending 30th June, 1928, and Estimates of Expenditure from Loan Fund, together with the Budget Papers 1927-28, presented by the Treasurer (Dr. Earle Page) on the occasion of opening the budget of 1927-28. I move -

That the papers be printed.

Owing to the transfer of the seat of Government to Canberra, it has not been possible for the Treasurer to bring down the budget as early as has been the case in recent years.

Results foe the Year 1926-27.

The results for the year just closed exceeded the budget estimate. At the beginning of the year it was estimatedthat there would be a surplus of £149,381. The actual surplus proved to be £2,635,597. This improvement was mainly due to the following increases in revenue compared with the estimate -

 

On the expenditure side there was an increase of £390,790 in statutory payments, chiefly on account of invalid and old-age pensions, war pensions and wine export bounty. There was also an increase of £204,151 under miscellaneous services. This was chiefly due to the expenses in connexion with the recent visit of the Duke of York, provision for temporary assistance to the apple-growers of Tasmania, and an additional amount required to pay the guaranteed price to cotton-growers. There were sundry other variations in revenue and expenditure which contributed the balance of the increased surplus.







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