Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-12-05
FIRST BUDGET
SHOWS CUT OF
462 MILLIONS
President Transmits To Congress
Estimate Of Expenses For
Coming Year

WASHINGTON. Dec. 5.-The Six
ty-seventh congress convened at noon
today for the first regular session.
/ Ten days only had elapsed since the
adjournment of the extra session and
it was generally predicted the session
convening today would not end un-
| til we'll into next summer.
President Harding told congress
sional committee today he would de-
| liver his annual message to congress
in person at 1880 o'clock tomorrow.
The budget for the fiscal year 1928
the first to be compiled = shows
iestimated expenditures of $3,505,-
| 754,727, decrease of $462, ,127 ,639
as compared to the estimated budget
for the fiscal year 1922, ending next
| 80, and reduction of $2,032,2 2,2S5,-
962 from the actual outlay in the
fiscal year 1921.
Estimated receipts for 1928 are
placed at, $3,338,182,750, leaving an
apparent deficit of $167, ,571,977. In
transmitting the budget to congress
today, President Harding says ways
are provided for the relatively easy
adjustment" of the discrepancy be-
tween income and outgo without
added taxation" AS one means he
recommends legislation directing the
reduction of the naval supply account
| by 100000.
Actual appropriations asked of
congress for the various federal de-
/; partments and agencies for 1923 to-
tai $3,224,875,592, exclusive of post
office department. This represents
a reduction of $122, ,S06,310 from the
original estimated as presented to the
budget bureau, it is stated, but is
approximately $27 100000 more than
the appropriations for this fiscal
| year.
Explaining the $280,879,134 ex-
cess of estimated expenditures in
1923 over the appropriations asked
for, Budget Bureau officials explain
! that some of the funds actually to
| be put out will be carried over in
| continuing appropriations and by 9TH
er means. They say that appropria-
tions for a given year do not ac-
curately reflect actual expenses for
that year, pointing out that while
the appropriations for this fiscal
year were $3,197, ,8o7, 1862, the esti-
mated actual outgo will exceed this
sum by approximately $770,000,000.
OF the total estimated expenditures
for 1923, approximately $4,000
600 is to pay for past wars and 10
keep up the fighting arms of the
government, leaving only about
$500, 100000 for the peace-time pur.
suits of the federal establishments;
The estimate for the army and the
navy is 1851, ,e26 107, 2, gecudtien of
bSco,305,29o as compared with this
fiscal year and 1856, 6,352,741 as COM
pared with the fiscal year 1921.
The navy estimate Of $431, ,754, 900
| it is explained, does not take into
account any possible reductions that
might be brought about as result of
the arms conference, the total includ-
ing funds for continuing work on the
ships of the 1916 program, most of
which would be scrapped under the
proposal made to the conference by
the American government.
Accompany the budget as sent to
congress is a detailed report from
Director General Dawes as to the
operation of the budget bureau since
its establishment five months ago and
some pointed comments as to means
of continuing its efficient operation.