Evening star., 1923-12-10
CONTINUED from First Page.)
Record for Year.

Record for Year.
In the budget for the fiscal year
ending June so, 1924, transmitted
to Congress December 4, 1922. the
estimated receipts for the fiscal
year 1929 were S3.429,S62,959, and
the estimated expenditures s3,703.-
SeI.S71, thus forcasting an ap-
receipts OF s273.93S.712. Presi-
dent Harding, in referring to this
estimated deficiency. said:
Il am hopeful. however. that the
condition on which this estimate
is predicated will change for the
the fiscal year. and that the close
OF the year will show a balanced
budget
This hope was justified At the
close OF business June 80. 1928.
the acutal receipts for the year
expenditures $3,697,47S,020, an ex-
cess of receipts over expenditures
Of $30s.657,460. This fortunate
transition fronl~a apparent deficit
to large surplus, while greatly
aided by an unexpected increase in
receipts. was due in no small
measure to the efforts Of the indi-
vidual departments and establish
ments of the government and to
the spirit of cooperation shown
by them in carrying out the econ
omy policies of the President.
The estimates made at the time
of the presentation Of the budget
in December. 1922, indicated that
for 1924 the receipts would be
s3,361.S12.359 and the expenditures
$3,1S0,S43,23 making an excess of
receipts over expenditures of $780,
96S.125. The revised estimates
recently made indicate that the re-
Int 20 n hn "a
$3.Ss4.677,712 and the expenditures
$3.565. .038,088. making an excess
Of receipts over expenditures of
s32s,63s.624
For the fiscal year 1925 1t is esti-
mated that the total ordinary re-
ceipts from all, sources. excluding
the postal service. will be s3.693.-
762,078. This is $313,373,40 less
than the. actual receipts for 1928
and $200,915.634 less than the esti-
mated receipts for 1924.
Expenditures In 1919.
The expenditures during the
fiscal year 1923. were 697.47s, ,020,
compared with s3.7s5,302.4ss for
1922. a reduction Of more than
$s7,0o0.000. Included in the 1928
expenditures, however, were GER
tain items appearing also among
clearness in accounting. To get
an accurate comparison between
the expenditures for the two years,
1t is necessary to deduct the sum
Of these items from the gross ex-
penditures OF 1923. which are re-
duced to $3,532,2ss.266l32., This
shows reduction of approxi- .
mately $2S3.o00. 900 below the ex-
penditures for 1922.
1t Is estimated that the expend-
itures for 1924 will be $3,565, ,03s.-
o88. which is $132,439,932 less than
the expenditures for 1923.
The estimate of expenditures for
1925 Is sS,29s.0s0.444. which is
$26S.e57.644 less than the estimat-
ed expenditures for 1924. By .ex-
penditures for 1925 is meant the
amount 1t is estimated will be
withdrawn from the Treasury
during the year ending June 80,
1925. This Is to be distinguished
from the estimate OF appropria-
tions for the same year. With
drawals during the fiscal year will
be from funds heretofore appro-
priated as well as from appropria-
tions recommended in the budget.
Furthermore, portion of the
money to be appropriated for 1925
will not be withdrawn from the
Treasury until after the close of
that fiscal year.
The foregoing does not include