The Archive · 1936

Us. Faces Bigger Deficit

Washington, Sept. 1.

Expenditures of the United Staies Government have Increased 0 a greater extent than Administration officials expected seven months ago, and, in spite of a. simultaneous Increase in revenue, the Federal efeit for the 1997 fiscal year will be larger than estimated at the beginning. of this year, it was revealed to-day President Roosevelt's "revised 1937 estimates, Receipts for the 1037 seal year, it estimated, will total $5,665.830.000, compared with the "estimate $5,015,270 in January this. year.

Expenditures are now being estimatced at $7,762,835,300, as against $7,045, 301.338 at the beginning of the year, and the Federal deficit at $2,090,096, 500, as compared with the earlier estimate of $1,098,388,720.

The estimated public debt by June 13, 1037, was set at $34.168.513.403 compared with $31,351,638,737 estlmated in January of this year. Less than $500,000,000 -was expected to bbe needed for additional relict funds, but more definite figures. will be secured through a survey which will Press, conducted early in 1997—United

Text read from the printed page and cleaned; old type leaves the occasional error.

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