The Archive · 1930

Main Features of Budget Dee. 3

President Hoover's budget message, which declares the country's finances to be in an exceedingly sound condition, was delivered today, recommending appropriations of G$3,032,842,411 for the fiscal year of 1932, The appropriations recommended by President Hoover excee] those for the current fiscal year in the amount of G$221,000,000.

President Hoover. recoinments et the continuation of the one per cent. tax cut now effective. The principal items on the Government budget sheet which would ie! increased by the President's -rezommendations include an additiona. appropriation of G$100,000,000 for the federal farm aid board, an additional appropriation of 'G$110, 000,000 for the relief of Unite: States war veterans, an_additiona! appropriation of G$51,000,000 for new roads and an additional propriation of $35,000,000 for the United States shipping board.

The President estimates that the deficit for the current fiscal year will amount to G$108,000,000 Despite this estimated deficit, however, he expresses belief that the government finances are in a sound The total estimates of expend: tures recommended by President Hoover include items for the fot-lowing purposes For the care of United States war veterans: G$956,000,000.

For the federal farm aid boar!

For the national defence: G$689,-

For the enforsement of the fe: al-prohibition laws: G§15,834,333.

This recommendation provides for fan increase of G$2,480,000 in the appropriation for prohibition enforcement. The increate will be used, if President Hoover's recommendations are accepted, for the employment of 500 additional dry agents.

Other items included in the prosidential budget cover matters list ed as general governmental expense

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

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