Evening star., 1927-12-07
BUDGET OF $4O,431,l86
ASKED FOR DISTRICT:
$4,258,793,7 ,765 FOR u. S.
Presidents Figures
Show Saving of $685.
792,466 for 1929.
CONGRESS IS WARNED
OF ECONOMY NEED
,O84, 794,716 Reduc.
ton of Public Debt
Cited by Executive.

ton of Public Debt
Cited by Executive.
Declaring for determined contin-
uance of the campaign for rigid
Government economy" and empha-
sizing that the sanctity of a BAL
anced budget must be preserved"
President Coolidge today submitted
the Federal budget for the fiscal
year 1929, with recommendations for
tax reduction mot to exceed S225.-
0O0,O00."
Inc budget, carrying estimates for
all branches of the Government in.
Guiding the postal service the ex-
penses of which are paid from postal
revenues, as submitted to CONGRESS
today totals S4,258,7o376s.53. which
IS reduction of S3o,7o2. .466.1o from
the total for the fiscal year 1923.
Inc 1928 figures used in this com.
parlson include (a) the approximations
maze for the fiscal year 1928. N, ner.
nanent and indefinite appropriations
"hlch have not been included in nre.
VIous budget estimates. (c) the balance
Vi the 1873 and prior years supple.
mental appropriations for tar refund
Mhich IS available for the fiscal vear
I9z8 and I'D supplemental estimates
Tor the fiscal year 1928 which are nov,
being submitted to Congress for cor.
bill. N'e''cS
1928 Total $4,e98, $50, 6,e3f.
The appropriations made in the res.
uiar supply bill for the fiscal wear
1873 made a total of $S,953, ,4sO.1 O.110 AZ
Inc permanent and indefinite apnro.
priations for 1928 totaled s7s. .S64 asa
Inc balance of the 1928 sunnIa.
mental appropriations for tax refnnd
available for 1928 amounts to s1o7..
ooo'ooo. Supplemental estimates now
oeIore Congress for 1928 to be con.
sldered In the deficiency bill amount
10 $158, AL $685., making a grand
total for 1928 Of s4,29S, 5s6.2s1.72.
In his message the President gives
summary rejecting the balance
sheet of Government finances IN
which the total estimated for 1929 is
exclusive of the postal revenues and
postal expenditures. This shows the
total receipts estimated for 1929 to be
s5,S09, ,497,314, made up as follows.
Customs, $4,000. 900; income tax.
Sz,065,0O0, 900; miscellaneous internal
revenue. $640, 900, and miscelIane.
Gus receipts, $501,952.314.
The total expenditures balanced
against this in the Presidents sum.
mary. including reduction of the pub
lie debt required by law to be made
from ordinary receipts. is placed at
S3,556,957 ,031, making the excess of
receipts over estimated expenditures
s252, 540,2S3 for the fiscal year 1929.
Balanced against this is an excess OF
S454, ,283,806 of estimated receipts I'm
1928 and an excess of $635,S09, 921.7O
in receipts actually shown for the
year 1927.
Safe Margin of Surplus.
This shows that while still pre-
serving 1.-The sanctity of a balanced
budget" with a safe margin of sur
plus in the Treasury. in declaring
that a reduction of taxes mot to ex-
ceed S225,O00,000 is justified" the
administration is figuring down to
closer financial balance with a dimin-
ishing surplus.
OF outstanding Importance in the
PRESIDENTS budget message is the
Iact, which he stresses, that from
peak of more than twenty-six and a
half billions of dollars in 1920 the
public debt has been reduced by S.
OS4,794,716, which means an annual
saving in interest of approximately
1920, 900 900.
In the present budget for the first
time an appropriation is recon-
mended for commencing the liquida-
tion of the Governments liability for
both civil service and foreign service
retirement systems, so that the for
mer would be amortized in II years
under the present pay roll and the
latter in so years.
Salary Average Gains.
It is shown that for the fiscal year
1929 the average salary of Govern
ment employees will be approximately
$1,S97, or $11 more than during the
current fiscal year, but 1929 more
than the average salary in 1928.
The President focuses attention on
the fact that the far-reaching i'm
portance of the budget system can
now be fully appreciated and that
it is directly responsible for the
United States Governments present
position of financial stability. which
ne points out has been acquired by
scientific management of our busi-
ness affairs"
In summarizing the improvement
throughout the entire field covered
by Federal operations which has re-
suited from this efficient manage
ment. the President says:
ut seems inconceivable that such
progress could have been made in so
short a period after the great world
conflict. Yet it has Nsen done. 1t
demonstrates the efficiency of our
form of government. The good of
all the people is our controlling con-
oAuei dllOH' anu DctduSS Oh InlS, SCI
entific management of our affairs is
essential In slightly more than six
years we have had substantial re-
ductions in taxes and in that same
period we have enhanced greatly the
value of the service which we are
rendering the people. We are. rails
ing money to pay our long-term
We have provided for
adequate national defense. Our hous-
ing problems are being cared for. All
through our Government activities
there have been improvement and
progress. Federal activities have
kept pace with a growing and pro-
gressive Nation. This has all called
For orderly procedure. and we aRe
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