XN000022-1973-10-05 — Page 2

Friday, October 5, 1973

RISE IN GOVERNMENT SPENDING

June Accounts Show $93 Million Deficit

The government accounts for the month of June 1973 show a

deficit of $93 million, compared with a deficit of $82 million in June

last year.

This has resulted in a total surplus of $10 million for the

first quarter of this financial year.

Total expenditure for the month amounted to $358 million, an

increase of $29 million over the some month last year.

This brings the total expenditure for the first quarter of the

financial year to 1999 million - $159 million more than the same period

last year.

Total revenue for the month was $265 million, an increase of

$18 million over June 1972. The total revenue for the first quarter of

the financial year at $1,010 million was $252 million more than the same

period last year.

However, a government spokesman said that because of the substantial

increase in revenue after June last year, revenue in 1973-74 was unlikely

to continue at the present high level compared with revenue in 1972-73.

/2