The Archive · 1937

U.S. Deficit Exceeds

$1,500,000,000

Washington, Jan. 18.

On January 15, the deflect of the "United States Government exceeded $1,500,000,000 for the frst time in the present fiscal year, It was. revealed to-day by the dally statement of the Treastury Department.

Receipts totalled $2,821,732,756, an increase of almost $900,000,000 over the corresponding time a year ago, while expenses were $$3,826,214,008, a decline of more than $17,000,000.

Expenditures included $1,594,006 for recovery relief. The public debt on January 15 stood at $1- 877,181, up $3,952,601,104.

The Treasury has acquitd $78,- 975,097 worth of Inactive gold thus far, the statement revealed.

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

Your account