, 1935-01-07
Resume OF Plan

budget can De obtained. am,
however, submitting to the congress
a budget for the fiscal year 1886
which balances except for expendi-
lures to give work to the unem-
ployed. If this budget receives the
approval of the congress. the coun-
try will henceforth have the as
surance that. with the single excep-
ton of this item. every current x
penditure Of whatever nature will
be fully covered by our estimates OF
current receipts. Such deficit as
occurs will be due solely TO this
cause, and Ii may be expected TO de-
cline as rapidly as private industry
is able to reemploy those who now
are without work.
A resume of the financial plan
which the general budget summary
shows for sle36. as compared with
1884 and 1885. Is presented below.
I'm millions OF dollars
1884 1885 1886
A. Regular:
]. Receipts $1,000. 2.763 3,l23 1922
2. Expenditures:
ID Operation and
maintenance
OF regular de-
partmentS
and es-
blishments 1.oSs 1885 1922
20 Veterans pen
sions and
benefits . $50 so TAO
49, Interest on
national debt 757 ass s7s
90 Tax refunds
exclusive Of
processing
taxes Ut. SO IS SIS
Total regular
expenditures .... 2.462 2,74s 1902
B. Recovery and relief:
i. Agricultural adjustment admins
tration:
Processing taxes. 353 SAG $40
Expenditures Cin-
GLIDING refunds of
processing taxes 900 788 472
Excess OF expendi-
lures over taxes SO 100 -qa
2. Other recovery
and relief expen-
ditures ......... 1898 4.4O2 4.llo
Total recovery and
relief expenditures 1880 467I 4Ol2
Total expenditures
(exclusive of debt
retirementsJ .... s.292 7.4l9 1914
Net deficit ....... 1929 4.296 1892
Debt retirements 800 573 GIG
Gross deficit 1890 1850 45o9
Inc estimated expenditures for
the fiscal year 1886, as shown IN the
general budget summary, total in
round figures $3.50, 900 1000, includ-
ing statutory debt retirements. OF
THIS amount, 1888, O00, 600 are for
regular purposes. and the remand
er Tor recovery and relief. The reg
Llar expenditures consist OF Sl.622.-
OOO.OOO Tor the operation and MAIN
tenance OF the regular departments
ana establishments of the govern
ment. which includes $500, 900. 900 to
De expended from an annual APP
preparation Of $500. 900 600 for pub-
TIC works. as requested in the budget
and as explained below. The other
items Of regular expenditures are
$4,000 600 tor veterans pensions
and benefits. s875. 100000 for inter-
est on the national debt, $3.50. OOO.-
600 for statutory debt retirements
and s65. 1000 for tax refunds lex
Guiding processing tax refunds.
Increases Are Cited
Some Of the principal increases in
n major expenditure items for
1886 may be cited. The restoration
OF the final ) per cent Of the 10 per
cent salary reduction amounts to
about $40, ZOO, 900 for the regular de-
partmentS and establishments, ex-
elusive OF the postal service. The
latter service requires an additional
sum OF SIS. 900 for this purpose.
Provision has been made in 1896 for
an increase In the civil-service re-
tirement and disability fund of 500
000.000.OO0 over 1895, making a total
annual contribution to this fund Of
s40.000.000. This increase will enable
the government to meet more near
III its annual obligation with re-
spect 10 this fund. It has been esti-
mated that this Obligation amounts
TO S52.0O0,o00 but such estimate has
not been sufficiently established to
justify its inclusion In the budget.
An effort will be made during the
coming year, however, defenitely to
establish the governments annual
liability. the amount Of which will
be included in the 1897 budget. Like
wise. an increase OF $50 O0, 900 Is
recommend in the veterans adjust
~ed-service certificate fund. thus
bringing the total annual contri-
button TO this fund I'D to $780, O0.-
600 The actual requirement OF the
fund for 1885 has been estimated at
Si55. 900. 600.
/. Effort will also be made during
The coming year to establish this
fund on a more definite basis con-
sistent with the governments acutal
liability under existing law. The ex-
penditures fe- national defense
nave been increased for 1895 over
1885 by $3.50. 900. 900. This increase
Is due to the current policy Of the
congress and the executive TO make
up for the delay by the United
states In meeting the provisions OF
the naval treaties of 1922 and 1880.
and 10 provide replacement and I'M
proved equipment for the army.
veterans pensions and other re-
ouirements have also been increas-
ed by about $3.50. 000. 900, after add
ING to the 1885 figure the estimated
supplemental amount previously
mentioned. which is due to the ap-
plication Of new laws and revised
rules rertaininE to service-connect-
ed disabilities.
Anether increase in the estimat-
nd axaanditrtrcr A. ann nnn nnn 60