New-York tribune., 1921-12-06
Dawes's Figures for 1923
Bare $4,000, ,OOO,OO
Cut From '2l; Under
20 by $500, O,OOO,O 600
10O,000,0OO Naval
Slash, Harding Plea
Special Message as Con-
gress Opens Says Added
Taxes Are Unnecessary

WASHINGTON, Dec. 5.--The first
budget of government expenditures
in the United States, transmitted to
Congress to-day by President Harding,
at the opening of the regular session,
calls for estimated expenses in the
fiscal year ending June 80, 1923. of
S3,5O5, ,754,727. This is half a billion
less than for 1922 and more than two
billion less than the actual cost of
government for the fiscal year ended
June 80, 1921.
The estimated expenditures, repre-
senting saving Of half billion dol
lars over former estimates as result
of the activities of General Charles G.
Dawes, Director Of the Budget, exceed
the estimated income of the govern
ment for the same period by $751;
671,977. This apparent deficit, Presi-
dent Harding explained in short mes
sage accompanying the budget, can be
wiped out without added taxation" !"
No estimate Is included in the budget
of the cost of the railroad debt set
Elements in 1928, as officials explained d
tho exact amount of these could not
be determined.
The largest single item in the budget
is for interest on the national debt,
This sum of 100000 lacks only
$25,000,0C0 Of cqualizing the total cost
of running the United States govern
ment prior to the World War.
Discrepancy Unavoidable
President Harding's message accom-
panying the budget sad:
u submit herewith the budget of the
United States for the fiscal year ending
June 80, 1923. 1t will be noted that the
estimated ordinary expenditures for
1922 show reduction Of S1.513.537.-
682.2O, compared with the actual ordi-
nary expenditures tor 1921 and that
the estimated ordinary expenditures for
1928 show reduction Of SAT-, ,704, ,239
under 1922, making the estimated ordi-
harry expenditures under the budget for
1928 81 1861 ,241.20 less than the actual
ordinary expenditures for 1921. In
Guiding transactions in the principal of
the public debt and investments of
trust funds, the total estimated expend-
lures for 1922 show reduction under
the total actual expenditures for 1921
Of $l,570, 118,323.3 and the total esti-
mated expenditures for 1923 show a
reduction of $462 2,167,639 under the
total estimated expenditures for 1922,
making a reduction in total expend-
lures in the estimated budget for 1928,
as compared with the total actual ex
penditures for 1921, of $2,O32,2S5.
9622O.
at will also be noted that the total
estimated receipts for 1922 are in ap-
proximate balance with the total est-
mated expenditures, including reduc-
ton in the principal of the public debt,
and that the total estimated receipts
for 1928 are within approximately
$150,000,000 of balance with the total
estimated expenditures OF that year
Such a discrepancy is unavoida bic,
when authorizations of expenditure are
being enacted during the process of
budget closing, but ways are provided
for relatively easy adjustment without
added taxation.
Recommends Big Naval Cut
"For the purpose Of providing a por-
fion of the funds necessary to balance
the budget for 1928, in which the es-
.mated expenditures exceed the est-
mated receipts by the sum of approx
mately S150,O00,O00. ] recommend the
following legislation in connection with
the naval appropriation bill for 1923,
which would result in the eventual
automatic release of $l00,O00.0OO now
held in the naval supply account of the
Navy Department:
thereafter. until the naval supply
account shall have been reduced to a
(Contlnued on page nine,