U.S.A. DEFICIT.

Grey River Argus, 28 August 1928, Page 5

U.S.A. DEFICIT.

First Since Wv. FORECASTED FOR CURB ?.NT YEAR (Australian and N.Z. ,Cable Assn.) WASHINGTON, Aug. 27. The Director of tb\< ?. idget. Mr. Irrd, krs Bul?mit*:ed that, in ais estimation the U.S A. Treasury would suffer a deficit cf 94,27D,3£6 dollars in 1929. This deficit is th of first ono that has definitely been forecasted sincei the war. It is due t)| incteased governmental expenditures, and decreased tax collections. The variance in tlr? <,stiicate from Hose made earlier is clue t'o' increased plans fir the activities of the bureaus, and lower receipts than expected from most of the incoming sources. Increases are* shown in ihe general expenditure, alsb a postal deficiency. Tho expenses of the Shipping Board, the Government Life Im sUianea Find, fh e Alier property funds have fallen. The ci scorns and internal revenue receipts havt» de creased co’isidcrably.