Historical Review Financial Statistics Of Governments In Canada 1952 1962

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ISBN 13 :
Total Pages : 0 pages
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Download or read book Historical Review Financial Statistics of Governments in Canada, 1952-62 written by and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the special tables prepared for use of the technicians of the Tax Structure Coniittee have been omitted from this publication, most important of which are those which appear in the pilot study on the functional-economic cross-classification of gross general expenditures for provincial and municipal governments for the years 1961 and 1962. [...] The average annual rates of growth over the decade were of the order of 10 per cent for expend- iture and 8 per cent for revenue in contrast to 7 per cent in the gross national product. [...] In terms of the total public budget, the federal government collected 73 per cent of the revenue and made 67 per cent of the expenditures in 1952 compared to percentiles of 57 and 54 respectively in 1962. [...] The anti-deflationary supplementary budget of late 1960 and that of 1961 resulted in another extension in the lowest tax bracket from $25,000 to $35,000 as well as incentives in the form of accel- erated depreciation, and deductible costs in the determination of net income and exemptions. [...] Item 6 - Aid to Unemployed and Unemployables With substantial unemployment prevailing in the fall of 1954, the federal government agreed to accept responsibility for one-half the cost of relief for the number of those in need in excess of 0.45 per cent of the provincial population.