Washington, Aug. 19.
'A deficit of $200,000,000 is feared Jat the end of the fiscal year to June 30, 1981, due to increasing Govern-Tent expenditure and shrinking revenues as the result of reduced business activity.
The expenditure from July 1 to August 15, excluding the redemption of the national debt, exceeded that for the corresponding period of last year by $29,000,000.
The amount of taxes collected was $65,000,000" less, while Customs receipts dropped by $86,000,000.
It is believed that it may be necessary to use any cash payments which foreign governments make on account of war-debts to meet current expenses instead of applying them {for the redemption of the national debt.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.