Evening star., 1934-11-18
TREASURY LAGG|NG|
IN SPENDING RATE|
Roosevelt Had Planned for
Outlay of s16,5O0, 900, 900
to June 80, 1885.
BY the Associated Press.

BY the Associated Press.
Despite the rapid rate Of Govern
ment spending, the Treasury was
shown yesterday to be hundreds of
millions of dollars behind President
Roosevelts estimate Of expenditures
for this fiscal period.
In his message on January 5, the
Chief Executive made provision for
expenditure of $l6,50O, ,O00,G 600 IN the
two fiscal years ending June 80, 1885.
While Treasury figures showed yes
terday that $2,6O3, ,s77, 900 had gone
out of Federal Golfers in the four and
one-half months since June 80, eX-
perts figure that about $500. 600 900
would have to be spent in the remain
der of the fiscal year to fulflll Mr..
Roosevelt's estimate.
Deficit Over SI,232, 2,00O, 900.
This condition stands in the face of
deficit that already has surpassed
81 ,232, 900 900 for this fiscal year.
Further, Federal spending is contin-
,ling at a rate that causes veteran Of
ficiak to hark back to the feveriSh
days of war time for comparison.
If the present lively spending rate
continues, however, around $6,9O0,-
100000 will have been spent Up to
next June 30, leaving sum OF about
three billion dollars below the esti-
ID hui a proCinant
Mr.. Roosevelt expressed the hope OF
balancing the budget in the fiscal year
beginning next June 80, but Treasury
officials have said little about that
lately. Privately. most concede this
projected balancing is out of the ques-
ton.
S1,314,946, 900 for Emergency.
An examination of the spending
thus far in the present fiscal year
shows emergency outlays have totaled
81, ,314,946 900, or a little more than
the deficit. as compared to 81, ,28S, ,030,-
900 for routine governmental outlays.
All revenue sources, however, are
providing more money than last year
with the exception of customs receipts.
The Treasury has collected S1.371,-
485, 900 this year as compared to ST.
076 ,270 900 during the same period in
1888.
The fact that around 100000
persons are still on Federal relief roles
is a prime reason for lack of discus
sion of budget balancing lately.
The figures also show relief has cost
more than any other emergency item
thus far in the fiscal year. The item
for the Federal Emergency Relief Ad-
ministration so far is S476.39I,0l1,
with Winter coming on and little like
lihood of any immediate tightening of
the load.
182,ss2,662 for Roads.
The next highest emergency expen-
diture is for public roads. Sl82, ,992, ,662.
Other spending items are: Agricul-
tural Adjustment Administration
s100,473,975; Farm Credit Admins
tration, Sl7.367 ,442; Federal Land
Banks. $l5.918.282; Civil Works Ad-
ministration. s9,280,706 Emergency
Conservation Work. s15l ,470,947: De-
partment of Agriculture (relieO
S61 ,0l8,461; Public Works, Tennessee
Valley Authority, S11,320,393; loans
to railroads. $53,558, 900; loans anG
grants to States, municipalities, ETC.,
$69, ,692 ,062; Boulder Canyon projects,
s9,68l ,489; river and harbor work.
s72 ,468. .644; subsistence homestead.
$1,817,82l; all other, P. w. A., s127.-
l59,359; Federal Savings and Lean
Association, S6,244,031; emergency
housing, sl,544,439; ReconstrucrIon
Finance Corp, $5,476,87l; Federal
Deposit Insurance Corp, $51, ,725 ,829;
Administration for Industrial Recov-
cry, s3,759,6o1.
p. w. A. Pocketbook Empty.
Meanwhile, along with the first Off
cial accounting for its billions, the
Public Works Administration yester-
day waved an empty pocketbook over
the Nation as signal of readiness to
put to work Immediately a new public
works appropriation as large or as
small as Congress might care to
make it.
A 92-page figure-crammed report
on how public works money was used
up 10 November l made two primary
disclosures:
l. P. w. A. on that date actually
was in the red" on allotments.
2. Non-Federal projects financed
from the original $4,000, ,0O0, 900 fund
were IS per cent completed, under
construction or contract and Federal
projects were advanced even farther.
Expansion Outlined.
Secretary Ickes, whose views carry
weight at the White House, has out
lined a broad field for expansion of
the public works program. His aides.
moreover, said yesterdays accounting
by P. w. A. indicated the present pro-
gram would be cleared away to such
an extent by the time Congress could
provide more funds as to give abso-
lutte assurance that there would be
no delay in directing additional money
into new, job-creating projects.
Scores of them already have gone
through the intricate mechanism of
P. w. AS technical divisions and
await only replenished cash supply
before final approval.
The voluminous record of allotments
showed that by November / P. w. A.
had obligated every dollar of the
So, 700, ,000, 900 total provided by Con-
gress and $10,135,431 obtained from
the sale of bonds through the Recon-
struction Finance Corp.-and $239 ,431
besides. Since then a few more mil
lions have come from bond sales.
The largest portion of benefits from
the P. w. A. program remain to be
realized. however, as the Treasury has
disbursed less than $1,000, ,000, 900 of
public works funds.
hQVcCINIhNC kIII