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Tuesday, 21 August 1973
Page: 64


As mentioned in the Budget Speech, several important changes have been made in the presentation of the 1973-74 Budget Speech and the Statements attached to it compared with the practice followed in the Budget Speeches of recent years. These changes are discussed in detail in Statement No. 8. It might be noted here, however, that the principal change is the introduction of a functional classification of budget outlays and receipts, and its use as the main framework for the detailed discussion of budget policy proposals and objectives. This change in classification structure has, of course, major significance for Statement No. 4, the format of which is now quite different from that of the corresponding Statements of recent years.

Total budget outlays are estimated to increase by $1,938 million or 18.9 per cent to $12,168 million in 1973-74.

The budget estimates classified under functional headings are shown in the table below, together with figures for each of the past three years.


The tables and notes which follow provide information on the composition and nature of the various outlays grouped under particular function and sub-function headings. Major variations in the estimates compared with actual outlays in 1972-73 are also commented upon.

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