The Waterbury Democrat., 1934-01-04
TREASURY REPORT
 OF THE GOVT.
(continued from Page 1.)

ed, with the deficit increasing nearly a billion dollars month from now until July.
 Total expenditures of. the gov ernment for the current fiscal year which ends June 80, 1884, were estimated by the treasury at $9.- 891, 1,178,467. This figure was ex- ceeded only twice before, in 1918 and 1919. Federal war time ex- penditures sent government costs to $12,696,702,000 in 1918 and to $1S,514,880,0 in 1919.
 Government income for the cur rent year was estimated at $3,- 259,938.756, which left the esti- mated deficit of $6,631,239,711. The income this year about balanced the ordinary" expenditures for running the government estimated at $3,533,691,767. The greater part of the deficit, therefore, was &C., counted for by Emergency" ex- penditures which are estimated al $6,357,486,700.
 Only @ small portion of this years estimated expenditures have been made in the first six months of the fiscal year to December 31 indicating that the government will spend some $7,00O. 100000 between now and the end of June.
 Total expenditures of the gov ernment in the period from July 1, 1883, to December 27, the first half of the current fiscal year, were only $2,570,154.449 while inc come from all sources amounted to $1,455,919,550 leaving a deficit so far of $1,114,234,899. It is esti- mated this deficit will be increased to the $6,631,239,711 figure by June 30.
 The Reconstruction Finance Cor poration. through which many of the governments relief activities are being conducted, will take the greater part of the emergency ex- penditures. It is estimated that this body will take $3,969,740,300,
 Estimates for the fiscal year 1895, covering the year beginning July 1, 1894, showed plans for a drastic slash in emergency" ex- penditures, aided by an estimated repayment of loans to the Recon struction Finance Corporation above all other costs to net the government $4S0,436,600.
 Total expenditures for the 1885 fiscal year were estimated at only $4,486,562,500 or less than half this years expenses, while income for the 1895 fiscal year is estimated at $3,974.665.479 with allowance for sharply increased income taxes This would leave a theoretical def icit for the 1895 year of $511,897.- O21, or about one-twelfth of the current fiscal years deficit.
 Total receipts of the federal gov ernment for the fiscal year ended June 30, 1893, were $2,079,696,742 against $2,005,725,437 in 1892. A large increase in miscellaneous in- ternal revenue receipts chiefly due to new and increased taxes, and a somewhat smaller increase in mis- cellaneous receipts more than off, set the continued decline in receipts from income taxes and cutsoms du- ties.
 "Miscellaneou internal revenue receipts in 1933," the treasury re- port said. "constituted Al per cent of total receipts. the largest propor- ton since 1884, while the percent age derived from income taxes was less than in any of the preceding nine years. Income tax collections, which in recent years have usually accounted for more than half of the total receipts, were only 36 per cent of the total in 1883.
 "In the fiscal year 1898 income taxes amounted to $746.2O0,O00, compared with $1,057,300,000 in 1932, a decline of $311,100,00O. Re- ceipts from miscellaneous internal revenue taxes were $85S,2O0.000 in the fiscal year 1893, compared with $503,700,00O in 1892, an in- crease of $354,500,000.