Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-06-01
OVER FIFTY MILLIONS
GOVERNMENTS DEFICIT THIS
FISCAL YEAR.
Due to Panama Canal Payment and
Loan to the Louisiana Pur-
chase Exposition.

For the eleven months of the present As
cal year closed yesterday the total receipts
of the government have been $493, 800 230.
and the total expenditures s545, 572 OIL,
making deficit of $52.272 ,s41. In a COM
parison with the figures for the same period
last year there is much that is interesting.
The total receipts then were S510, 533, Al,
and the expenditures SAT-, $50, S52 showing
surplus of $3s. 946 ,619.
Treasury officials point out that much OF
the deficit this year. or about all Of it. is
due to the $5O.OO0O00 paid on account of
the Panama canal and 81 .600.OOO loaned to
the Louisiana purchase exposition. Deduct
ing this total of $54 900 600 from the ex-
pense account during the past year. there
would be surplus of $2327. 159 for the
eleven months of the year, against $3s, 946,
CID for the same period year ago.
The coming month of June Is expected to
show good surplus of receipts over ex-
penditures. and the total surplus for the
year. excluding the s54 600 COO will be from
$1OOOO,O00 to S2. 600 as compared with
more than $J0000,000 at the close Of the last
fiscal year. large decrease. The large de-
crease In the surplus this year. emitting
consideration Of Panama and st. Louis. Is
due to largely increased general expendi-
lures and falling of in receipts.
The Revenue and It's Sources.
The receipts for the eleven months of this
fiscal year have fallen off about 81. OOO, 600
compared with one year ago, and the ex-
penchtures for ordinary purposes. as shown
by the figures. have Increased about
$22OOo,0O0. Including Panama and st. Louis
the expenditures are $75.OOOOOO greater
than a year ago.
The receipts from the different sources
during the eleven months just past were
as follows:
Customs. 1893, 40. 1856; internal revenue.
SILL. 600: miscellaneous. $40, 1O4 S3S. This
represents a decrease of over So 100000 in
customs receipts the fetal for the eleven
months of the last fiscal year having been
1852. 194. 41G. and an increase of only about
S2,00O,000 from internal revenue. the total
year ago having been 500, 436, $50.
The Increased Expenditures.
The increased expenditures this year are
In three branches of the government-civil
and miscellaneous, navy and pensions. To
the surprise of most people, the pension pay
mentS SO far this fiscal year consider
ably in excess of the same period a year
ago, the respective figures being $l32, 094 1856
against s12s S07 $50.
There mas likewise been sharp increase
In expenditures for the navy. For the
eleven months of the year soon to close the
naval establishment of the government has
absorbed S93 SG9,673, while for the same
time year ago the total was only s74, SOL,
233.
The civil and miscellaneous account.
which includes Panama and st. Louis,
shows expenditures during the year of
SITS, 308, 913, against Sill, 523 730 one year
ago.
The war establishment has spent about
3,000,000 less than year ago; the Indians
have received about s.. COO coo less, and the
interest payments on the government debt
has decreased from SIS, 29S. l6S, one year
ago, to S24, 21S, 766 this year. These are the
only three accounts of the government that
shows decreases in expenditures.