Evening star., 1939-01-05
Text Of President Rooseves Budget Message to Congress

and transactions in revolving funds
were 82,583,0O less. Transfers to
trust accounts increased $500, ,937 900,
while expenditures for other pur-
poses were 1904, 264,o00 greater.
Deficit and public debt-The gross
deficit for the fiscal year 1885
amounted to $1,449 ,625, 1881. Exclud-
ing $65, ,464 $50 for statutory debt re-
tirement, the net deficit was 81 ,384,-
16O,931. The estimated net deficit
submitted a year ago, as revised and
adjusted, was 81 ,204, 100000. The in
crease in the gross public debt dur
ing the year amounted to STAG, 1885,
583, bringing the gross debt on June
30, 1888, to $37 ,164, ,740,315.
Fiscal Year 1899
Receipts - The total anticipated
general fund receipts for the fiscal
year 1899 will be $5,52O,07O 900, or
$399, ,367 900 less than was anticipated
in the budget estimates of last jan
uary and $721 ,591 900 less than for
1898.
This latter decrease reflects the
| adverse business conditions of the
late months of the 1887 and the early
months of the 1888 calendar years,
and is particularly true of income
taxes which. it is estimated will de-
cline $548,618,000 below the actual
collections in 1888. Miscellaneous in
ternal revenue is expected to be
| $106, ,483 900 less, and pay roll taxes
will be $34,781 900 less than in 1888.
Customs revenues are expected to
show a decrease of $24, ,l87 900 and
miscellaneous receipts decrease of
So, ,356, ,000
Erpenditures-The total expendi-
lures exclusive of expenditures for
debt retirement and those payable
from postal revenue) for the fiscal
year 1899 are now estimtaed at So
492. .329 900.
Expenditures for recovery and re-
lief, including expenditures under an
anticipated supplemental appropria-
ton for the last five months of the
present fiscal year. will amount in
1899 to $3187 ,695 900, an increase of
1851 $4,000 over expenditures for
this purpose in 1898. There are also
increases of $l7O,937 900 for the reg
ular departments and agencies;
Sis, LOG, 900 for the General Public
Works program; s53 .o79 goo for ma
tional defense; s346,318,000 for the
agricultural adjustment program,
largely for cotton price adjustments
and parity payments: $38, ,785 900 for
grants and administrative expenses
under the Social Security Act; $49,-
10000 for interest on the public
debt; $17,992,0O0 under revolving
funds; S78,449,000 for transfers to
trust accounts; and s150000,00O for
supplemental items other than for
relief. There are decreases of ST.
945 900 for the legislative establish
ment, the judiciary, and the execu-
tive Office; s32.343 900 for veterans
pensions and benefits; S36 1888 900 for
the Civilian Conservation Corps; and
$33, ,734,0 900 for refunds of taxes.
Deficit and public debt-Exclud-
ing public debt retirements, the net
deficit for 1889 is now estimated at
So 1912 ,259,00O, as compared with an
actual net deficit in 1888 of s1,384,-
l6093l. The gross public debt on
June 30, 1899, is estimated at SAL
131 ,502,010.
Fiscal Year 1910
Receipts-Revenue Estimates for
the fiscal year 1910 are based on the
assumption that certain taxes which
would otherwise expire in June and
July, 1899, will be continued. The
total anticipated receipts for the
fiscal year 1910 on this basis are
S., ,669 100000, an increase of $149,-
250,000 over the estimated revenues
for the fiscal year 1899. The effect
of the business recession which be-
gan late in 1887 will continue to be
felt in income-tax collections dur
ing the fiscal year 1910 and such COL
lections are expected to be $183,-
100000 below those for 1885, Miscel-
laneous internal revenue on the
other hand will increase Sl60, ,400,0 900
over 1889, and payroll taxes are
expected to be S9O,25O,O0O higher.
The tax on unjust enrichment is ex-
pected to remain at the same figure
as in 1889. The amount of contribu-
tions under the Railroad Unemploy-
ment Insurance Act, which appears
as new item in 1910, will be 81
950,000. Customs receipts are ex-
pected to show an increase of $685.
100000 over collections from this
source during the present fiscal year,
and miscellaneous receipts are ex-
pected to be greater than in 1899
by $7,750,0O0.
Expenditures The expenditures
contemplated for the fiscal year 1910
Exclusive of expenditures for debt
retirement and those payable from
postal revenues) total 1895 ,663, 200
which is s496 900 less than the
amount estimated for 1899. There
are increases of 81, ,046, 900 under the
legislative and judicial establish
ments; $83, ,735 900 for the civil de-
partments and agencies; $8,665, 900
under the general public works
program; s28,121 900 under the So
cial Security Act; $4,000, 900 for in
terest on the public debt; $4,510,00
for refunds of taxes; and $87, ,097 900
under transfers to trust accounts.
For recovery and relief it is esti-
mated that $2266, 6,165, 900 will be
needed, or 1921, $50, 900 less than the
amount required for this purpose in
1889. Supplemental estimates of ap-
preparations will be submitted to
meet the requirements of the Works
Progress Administration, the Ma
tional Youth Administration, and
the Farm Security Administration
for the fiscal year 1910. OF the esti-
mated expenditure of $2,266, ,165 900
for recovery and relief purposes, ST.
750,000000 is the amount estimated
for expenditure by these three agen-
cies; $469, 1855 900 by the Public Works
Administration and various depart
ments from old balances of emer-
gency funds, $10,0OO,00O by the Fed
a..