Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-16

taxes on motor fuels, tires and
vehicles. The receipts are de-
posted in a special trust fund
land expenditures made from
THAT instead of being made a
part of the general budget.
I MIR. Eisenhower reported that
1858 fiscal year expenditures on
1.-THE highway program are esti-
mated at ST. billion, with the
trust fund receipts estimated at
I$2.2 billion. With a balance of
$500 million on hand, the high
way trust fund is expected to
have a balance of $770 million
lat the close of the fiscal year.
I Budget Bureau Director Per-
cival Brundage explained that
the special trust fund was created
because if the earmarked high
way receipts were included in
the general budget they would
raise the surplus to give a false
picture since they could not be
used for other purposes.
i Under the 13-year program,
expenditures on highway build
ingS are expected to rise grad
ually to nearly SO billion an
Inually. Thus the early surplus
in the trust fund will be used
later.
/ His Third Balanced Budget
4 This was the third balanced
budget in a row for Mr.. Eisen-
hover His first budget, for the
1855 fiscal year, wound up $4.2
billion in the red. But since
then they have been in the black
by gradually rising figures of
i$16 billion, SIT billion and Sl.8
billion.
| The fiscal 1856 surplus of SIG
billion was used to reduce the
public debt. His message today
provided for a continuation of
this practice. and he estimated
that the debt, which was $272.8
billion at the close of the 1856
fiscal year, will be down to $269.2
billion at the end of fiscal 1858.
| Despite the modest" debt
reductions. it is expected to cost
the taxpayers STA billion in in
iterest for fiscal 1858. a 500
million increase. The President
explained that the rise in in
iterest charges is due to higher
rates the Treasury has to pay
in refinancing securities that
are maturing.
He urged upward revision of
interest rates charged on several
types Of Government loans to-
the public to reflect the current
tight money" conditions.
Budget Director Brundage said
he does not anticipate ANY sub
stantial further tightening" of
credit.
For the Government, Mr..
Eisenhower insisted that the
present economic situation ire
quires that less pressing ex-I
penditure programs must be held
back and some meritorious pro-
poSals postponed" although the
budget must also reflect the
general responsibilities of a Gov
eminent which will be serving
il72 million people in the fiscal
year 1858"
Details Of his increased de-
Tense budget are presented else
where in today's The Star. A
summary of some of his major
proposals in other fields follows:
INTERNATIONAL
"As a simple matter Of self
preservation" the President said,
I'VE must maintain our own
strength and promote world
stability by helping to build up
the strength of friendly nations"
For the mutual security or
foreign aid program. he pro-
posed a $3.50 million increase in
expenditures to $4.35 billion in
fiscal 1868. He urged a bigger
jump in appropriations to $4.4
billion. compared with $3.8 bill
lion actually enacted for the
current year. A year ago he
recommended appropriations of
$4.8 billion, from which Congress
cut 81 billion.
Military assistance expendi-
lures under the mutual security
program we're figured at $2.6 bill
lion. the same is In the current
year. Economic aid estimates
went up to SITS billion from SIS
billion.
Mr.. Eisenhower said he would
send Congress a special message
lafar IN rlokasle 80 A. .....A..1