When was it published?

June 20, 1829 in New Hampshire Statesman And Concord Register

Foreign News June 20, 1829

New Hampshire Statesman And Concord Register

Q: What keywords are associated?

British Revenue, Budget 1828, House Of Commons, Sinking Fund, Public Debt, Chancellor Exchequer

Concord, Merrimack County, New Hampshire

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What is this article about?

On May 9, the British Chancellor of the Exchequer presented the 1828 budget in the House of Commons, revealing revenue of 55,487,000 (exceeding 54,000,000 estimate) and expenditure of about 49 million (below 51 million estimate), resulting in a 2,050,000 saving. Total savings of 5,950,000 allocated to the sinking fund. 1829 revenue expected to drop over 3.5 million from 1828 but still support debt reduction.

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OCR Quality

98% Excellent

Full Text

British Revenue. The Chancellor of the Exchequer brought forward his budget in the House of Commons on the 9th of May, by which it appears the revenue of 1828, instead of amounting to 54,000,000, amounted to 55,487,000, and that the expenditure, which was estimated at 51 millions, did not amount to more than 49 millions and a fraction. The result has been, that, in 1828, there has been a saving of 2,050,000. which, together with others enumerated, makes a total of 5,950,000, applicable to the sinking fund. The falling off on the revenue for 1829 is expected to be upwards of 3 millions and a half compared with the whole receipts of 1828, which, however, would still leave a very large sum to be applied to the reduction of the public debt.

What sub-type of article is it?

Economic

What keywords are associated?

British Revenue Budget 1828 House Of Commons Sinking Fund Public Debt Chancellor Exchequer

What entities or persons were involved?

Chancellor Of The Exchequer

Where did it happen?

Britain

Foreign News Details

Primary Location

Britain

Event Date

9th Of May

Key Persons

Chancellor Of The Exchequer

Outcome

revenue of 1828: 55,487,000 (vs. estimated 54,000,000); expenditure: ~49 million (vs. estimated 51 million); saving: 2,050,000; total to sinking fund: 5,950,000; expected 1829 revenue drop: >3.5 million from 1828, still ample for debt reduction.

Event Details

The Chancellor of the Exchequer presented the budget in the House of Commons on the 9th of May, detailing 1828 revenue exceeding estimates by over 1.4 million and expenditure under estimates by about 2 million, yielding a 2,050,000 saving plus others totaling 5,950,000 for the sinking fund. 1829 revenue anticipated to fall by more than 3.5 million compared to 1828 but sufficient for significant public debt reduction.