Palestine Announces £2,862,386 Surplus
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Palestine Announces £2,862,386 Surplus

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The government surplus on April 30, 1934, was officially announced today as amounting to £2,862,386.

An excess of £52,200 revenue over expenditure was recorded during March, according to the last statement issued by the Palestine treasury. Receipts amounted to £454,272 and expenditures to £402,072.

From April 1,1933, to March 31, 1934, the government surplus was £1,280,636.

The customs department yielded £1,868,598 during the year, the next highest figure being £857,180 collected in license fees and taxes. The total revenue was £3,985,492, and the total expenditure was £2,704,855.

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