| − | Total government spending for both war and civil purposes for the six years ending June 30, 1945, reached £A2,790,000,000 ($9,067,500,000). Half was met from taxes and half from from loans. War expenditures alone totaled £A2,111,000,000 ($6,860,000,000) 45% came from taxes. The total amount borrowed was £A1,387,000,000, which was made up of public loans £A898,000,000; war savings certificates £A53,000,000; treasury bills £A343,000,000; temporary use of treasury balances £A85,000,000, and interest-free loans £A8,000,000. | + | Total government spending for both war and civil purposes for the six years ending June 30, 1945, reached £A2,790,000,000 ($9,067,500,000). Half was met from taxes and half from loans. War expenditures alone totaled £A2,111,000,000 ($6,860,000,000) 45% came from taxes. The total amount borrowed was £A1,387,000,000, which was made up of public loans £A898,000,000; war savings certificates £A53,000,000; treasury bills £A343,000,000; temporary use of treasury balances £A85,000,000, and interest-free loans £A8,000,000. |
| | * Schreuder, Deryck, and Stuart Ward, eds. ''Australia's Empire'' (Oxford History of the British Empire Companion Series) (2008) [https://www.amazon.com/Australias-Empire-History-British-Companion/dp/0199273731/ref=sr_1_4?ie=UTF8&s=books&qid=1244147160&sr=1-4 excerpt and text search] | | * Schreuder, Deryck, and Stuart Ward, eds. ''Australia's Empire'' (Oxford History of the British Empire Companion Series) (2008) [https://www.amazon.com/Australias-Empire-History-British-Companion/dp/0199273731/ref=sr_1_4?ie=UTF8&s=books&qid=1244147160&sr=1-4 excerpt and text search] |