New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1921-12-05
CIT
BY HALF BILLION
Is Approximately S5OO,OOO,OOO
Less Than Estimated
FIGURES ARE SS,5O5,754,727
OF Total Amount for 1928, $4,000
100000 Is To Pay For Past Wars
and Keep Up Army and Navy.

Washington, Dec "A federal bud
get for the fiscal year 1928 approXlm-
ateIy S6O0,0 900 below the four bill
lion dollar figure which had been es-
timated some time ago as the mimi
mum of government expenditures for
several years to come faced congress
when it reConvened today
The exact figures as prepared 10y
the newly created budget bureau and
transmitted by President Harding in
special message, were $9,7eo, A.
727, including an estimated deficit of
S21,609,066 in the operations OF the
postal service.
SlG2,107, ,O30 Decrease.
This total represents decrease of
s462,107.039 from the $3,967,922, G6
estimated expenditures for the cur
rent fiscal year and S2,o32, S5,962
from the actual expenditures in the
fiscal year 1921, 1t is, however, $1oi-
571.9T7 in excess OF the estimated re
ceipts Of S3,32S,1S2,7b0 while the out
go for the current fiscal year exceeds
the estimated receipts of S3,94S,6 663
by S24,46S,703.
Naval supply Reduction.
Referring to the apparent denclt
for 1923, President Harding wrote the
congress that ways are provided for
the relatively easy adjustment with
| out added taxation OF the discrepancy
| between the income and outgo. AS
| one means he recommended legisla-
| ton directing the reduction of the aC-
! cumulated naval supply account by
| s10O, 100000.
Explaining the s2S0,S79,1G4 eXces:
, Of estimated expenditures in 1928 over
| the appropriations asked for, Budge1
Bureau officials explain that some OF
| the funds actually to he put out will
! be carried over In continuing appro-
priations and by other means. They
| say that appropriations for a given
| year do not accurately reflect actual
expenses for that year, pointing out
that while the appropriations for this
fiscal year were 97.S07.962, the es-
timated actual outgo will exceed this
sum by approximately $40, 900.
Pay For Past War.
or the total estimated expenditures
for 1928, approximately $2,900, ,000,-
J NVu 10 ~ pay ipl past NdlH 'illl ~
keep up the fighting arms of the GOV
ernment, leaving only about $600,000,-
| 600 for the peaCe-time pursuits of the
| federal establishment. The estimate
for the army and the navy is sSO1,-
| 636. .1O7, a reduction of S66,3o5,299 as
compared with this fiscal year and
| s956.352,74l as compared with the
| fiscal year 1921.
The navy estimate OF s431,T54OOO
It Is explained, does not take into ac-
count 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 1915 program. most OF
which would he scrapped under the
| proposal made to the conference by
| the American government.
Debt Interest Largest
The largest single item in the budg.
ct is the fund for the interest. on the
public debt. the $q75.00O. 900 provided
| lacking only $25.0OO.0O0 of the tota
expenses of the federal establishment
| before the world war. In addition
there is an estimate of $S69.3SS.S0
for the war debt sinking fund.
Continued on Tenth Page).