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Oral Answers to Questions — National Expenditure (Daily Average).

– in the House of Commons at on 31 July 1919.

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Photo of Mr Sydney Arnold Mr Sydney Arnold , Penistone

71.

asked the Chancellor of the exchequer the amount of the average daily national expenditure from the beginning of the current financial year, 1st April last, down to Saturday last, 26th July?

Mr. CHAMBERLAIN:

The average daily expenditure (including advances from the Civil Contingencies Fund in respect of services to be met from moneys provided by Parliament) for the period from 1st April to 26th July, is £4,442,000. I need hardly remind the hon. Member that expenditure in the early part of this financial year is no safe guide to the total for the year.

Photo of Mr William Joynson-Hicks Mr William Joynson-Hicks , Twickenham

Does that average include the loss on railways, and, if so, how much is allowed per day for that?

Mr. CHAMBERLAIN:

As my hon. Friend will understand, that is not a question I could be expected to answer without notice. It is the average of all expenditure.

Photo of Sir Robert Houston Sir Robert Houston , Liverpool West Toxteth

Can the right hon. Gentleman say what the revenue was for the same period?

Mr. CHAMBERLAIN:

No. I have a bad memory, and I am unable to carry all those figures in my head. I must have notice.

Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.