U.S. Finances
The Federal Government would have a deficit of about 150,000,000 dollars this fiscal year, because of ‘illtimed” tax cuts and increased spending said President Truman today. He added: “The picture may be even worse next year, when the Treasury is hit by the full impact of the defence programme and European aid. As long as the present fiscal outlook prevails, we may face an expending debt even in a period of high national income, when financial prudence clearly would dictate continuing debt retirement.” —Washington, August 14.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19480816.2.48
Bibliographic details
Greymouth Evening Star, 16 August 1948, Page 5
Word Count
88U.S. Finances Greymouth Evening Star, 16 August 1948, Page 5
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in