The decrease in government revenues is due to a decline in nontaxable revenues, with nontaxable budgetary receipts falling by 5 percent to $1.54 billion and Treasury receipts
dropping by 56.2 percent to $407.6 million.
First, cheaper petrol is seen as likely to boost consumer spending, lifting the wider economy - leading to upgraded growth forecasts in Wednesday's Budget - and feeding through to Treasury receipts
OBR figures show Treasury receipts
from oil and gas are due to plummet by 40 per cent in the next year.
"Countries with high debt levels have to hope that future economic growth will provide them with greater treasury receipts
so they can at least manage their debt.
The bulk of this belt-tightening is likely to come from public sector cuts, as increases in taxation - such as the new 50 per cent top rate due to come in next year - would reduce Treasury receipts
in the long-term by driving high earners and businesses overseas, said the CEBR.
The bulk of this belttightening is likely to come from public sector cuts, as increases in taxation would reduce Treasury receipts
in the long term by driving highearners and businesses overseas, said the CEBR.
The bulk of this belt-tightening is likely to come from public sector cuts, as increases in taxation - such as the new 50 per cent top rate due next year - would reduce Treasury receipts
in the long term by driving high-earners and businesses overseas, said the CEBR.
(9) Treasury receipts
fell from their high-water mark of $6.75 billion in fiscal year 1920 to $4 billion in 1922 in the wake of a severe post-war recession, but then leveled off--and even rose a bit in the second half of the decade--as a result of rapidly expanding economic activity.
from profits have declined in five of the past six months.
The court, on 10 July, annulled a verdict against a Maltese gambling company (Zeturf) due the "expansive policy in the gaming sector aimed at increasing public treasury receipts
Many taxpayers currently have treasury receipts
issues before the California Settlement Bureau, or under audit with the potential for settlement.
It aims to increase Treasury receipts
thus reducing the Budget deficit from 12% to 9% of GDP.