Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-09
i. s. TRIMS BUDGET
FOR 1926 TO LESS
THAN S3,0QO,O]O,ODO
Half Billion Dollar Cut From
Current Expenses Due to
Rigid Economies.
HOPE OF TAX REDUCTION
IN THIS SESSION FADES
Figures Based on Present Income
of Government-Ready for
Coolidge Soon.

The cost of running the Federal
Government in the fiscal year be-
ginning next July / may fall below
. three billion dollars, or half a billion
dollars less than the estimated ex
penditures for the current fiscal year
On the basis of estimates prepared
by the Budget Bureau and on which
it's conferences with the spending
departments of the Government prac-
tically have been completed the
anticipated appropriations for the
year beginning next July l stood last
night at s2,9SO, 900, 600 exclusive OF
the Post Office Department, the
receipts of which are expected To
balance the expenses.
Close Figuring Done.
Officials of the budget still have
work to do on the budget of 1926.
which will be submitted by the Presi-
dent to the forthcoming short session
of Congress. But they have gone 50
thoroughly into every estimate, great
and small, submitted to them by the
several branches of the Government
that they feel any changes to be
made hereafter will be n the nature
of thousands rather than in millions
of dollars.
the budget, will go over the figures
and tabuiations with President Cool
idge some time next week and after
that, it is expected, the Government
cost estimates will be ready for the
public printer as the next stage in
transmission to the President and TO
Congress.
Some Hope of Tax Cut.
on the basis of the figures as they
stood last night, the ordinary eA-
pendltureS are expected to fall below
sl.100, 000, 900. exclusive Of those by the
Post Office Department. This con-
templates retention of the present
basis of income and few in the Gov
ernment anticipate that Congress Will
have time to do anything on tax re-
ductfon since President Coolidge mas
Indicated he will not call the new
Congress, just elected, into an cxtraor-
dlnary session.
The great reduction in the public
debt accomplished by the Treasury
in the last few years has begun 10
show its effect on expenditures, and
for the fiscal year 1926, the interest is
calculat ted not To exceed SS30,000, 600.
This item alone in the current year
viii run about SS70.OO0,000 and for
the fiscal year ended last July /, il
approached $1,000, 600 600. Opera
tipnS OIL lnt SlHkiHS 1uHu, WnicN " OF h
to the retirement Of the great war
debt. will require about $3.50, 900
actual appropriation in addition TO
the payments by foreign nations IN
liquidation of their debts TO the
United States.
Budget figures at this time, there
fore, show less than $3,000,000,000 but
attention was called that Congress
may launch new policies which may
ga ia he la6.
Immediately available.
Work to Cut Deficit.
Expenditures in the current year
probably will run about $500. 600, 600.
This figure takes at face value the
appropriations already made, the
known public debt requirements and
a small deficit in the Post Office De
partment, the amount of which can
not at this time be known definitely.
1t may be reduced, however, through
the constant striving of the Budget
Bureau to curtail unnecessary eX-
penses and compel saving wherever
possible.
Present estimates for the fiscal year
1926 present the following comparison
with those of the last few years: 1928
(estimated). $500, 900, 600; 1924, $500
600, 600: 1923, $S, 697 600 900: 1922, S3, ,795-
600, 900. and 1921. S5,53S, 900, 900.
To place the figure below $4,000 600.
coo the Budget Bureau is said to
have employed the blue pelcil to a
greater extent than ever before. In few
Of the estimates have the totals It
manned as submitted by thoS. who are
to spend the money. The Budget Bu-
reau. however, insisted that it had cut
funds nowhere that appeared likely 10
damage or handicap Government opera
ton or the efficiency of its management.