Evening star., 1935-09-30

last Winter 1t was expected that
the Reconstruction Finance Corp.
would expend on all accounts. ex-
cept relief, during the then current
year the Qet sum of S556,000, 600,
whereas the operations of the cor
poration actually resulted in a net
receipt of SLOT 100000. a difference
between estimates and actual ex-
penditures of 1868 100000. Recov-
cry and relief expenditures by
other agencies were less than
estimates by some S334.000.000
Expenditures for the operation
and maintenance of regular de-
partments and establishments Of
the Government (including refunds
of taxes enormously collected. but
exclusive of the service Of the pub
lie debit, were estimated last jan
uary in amount s1.913, TOOL
Actual expenditures for the same
purposes were sl,7l9,os3,353.
Public Debt Interest
Falls Under Estimate.
For interest on the public debt
there was expended $500, ,926. 1853,
as compared with an estimate Of
$685. 100000; while expenditures for
statutory debt retirement were
573,558, $50 against an estimate Of
s572 2,566,000.
Treasury reports at June 80
showed total receipts for the year
in the amount of $4,000, ,467 ,202, or
approximately s8e, 600, 900 above the
estimate of s3,7ll $50. .688. Internal
revenue receipts, including process
sing taxes on farm products,
amounted to s3,277, ,6eo.o28, as
against an estimate of $3.l97 1885,
507. Customs receipts were S343.-
353,033 against an estimate Of
s287, 100000. Miscellaneous reve-
nue.. including realization upon es-
sets, amounted to 179.424,14o,
whereas the estimate was 1927,
184,l8l.
The deficit at the end Of the year
1885 was s3,575, ,357 1854. Deducting
s573,558.250 for statutory debt re-
tirements. the resulting net deficit
was $3,00l, 1914. This net deficit,
after subtracting the decrease in
the general fund balance. the ex-
cess OF trust fund receipts over
trust fund expenditures and the
amount of retirement of national
bank notes from gold increment,
accounts for an increase of the
total outstanding gross public debt
from $27,053,141,4l4 at the close of
the fiscal year 1884 to $28, ZOO, ,892,-
624 at the close Of the fiscal year
1885. In other words, it Is worth
noting that the net increase in the
actual gross public debt was 81, ,647,.
751,2l0.
The total expenditure REQUIRE
ments for the fiscal year ending
June 30, 1886, are estimated at
$7,752,332,000, of which s2,3ol..
100000 Is for account Of the regu-
lar establishments Of the Govern
ment, including refunds of receipts.
Expenditure for the service of the
public debt is estimated in amount
sl,296,000,000, and 81, 4,154, 1924, 900 is
set aside for recovery and relief.
Regular Establishments
Show Expenditure Increase.
The estimated expenditures for
the regular establishments for the
fiscal year 1886 are 1882, ,425, 900
greater than expenditures for 1885,
due largely to the increase in the
Governments contributions to the
civil service retirement and dis
ability fund and the adjusted
service certificate fund; restora-
ton of employees compensation;
enactment Of legislation granting a
40-hour week to postal employees:
appropriation of an amount equal
to 80 per cent of customs receipts
for benefit payments on agricultural
exports: increases In pensions and
compensation to our war veterans;
the inclusion of substantial public
works program in regular ex-
penditures rather than under re-
covery and relief expenditures, and
the increase in appropriations for
national defense, The amount eSti.