Further proof of the economic boom in Palestine is evidenced by the latest figures on government income and expenditures, which indicate that £2,000,000 (approximately $10,000,000) will be added to the government treasury as a result of 1934 operations. This will bring the treasury surplus up to £5,000,000.
During the six-months period of April to September, the surplus of actual revenue over actual expenditure was, excluding extraordinary items, £1,061,191. With extraordinary receipts and expenditures added, the surplus is £976,191. These figures far surpass the record-breaking figure of last year.
With the exception of government land sales, there has been an increase in revenue from all departments, the total being £2,379,590, plus a grant-in-aid of £26,234 and £382 from the Colonial Development Fund. Customs jumped in the half year to £1,189,457 as compared with £818,394, despite the fact that government estimates provided for a drop in customs revenue.
Expenditure has grown from £1,127,846 to £1,318,176, while extraordinary expenditure brings the total to £1,430,015. The latter includes £84,381 on extraordinary public works, and £20,195 on posts and telegraphs. The biggest increase is on miscellaneous items, largely due to an increased payment to the Moslem Sharia Council in lieu of tithes from Waqf, and the settlement for £7,000 of the claim for damage by earthquake to the old government house on Mt. Scopus.
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