UNITED STATES’ BUDGET

Hawera Star, Volume L, 4 December 1930, Page 9

UNITED STATES’ BUDGET

LATE EDITION

YEAR’S APPROPRIATIONS DECREASED DEFENCE ESTIMATES PRESIDENT >;S PREDICTIONS (United Press Association —By Electric Telegraph Copyright.) Received 1.30 p.m. to-day. WASHINGTON, Dec. 3. In recommending to Congress to-day a 3,932,842,000-dollar 'budget for the next fiscal year, President Hoover opposed the continuance of reduced income taxes. He reiterated his prediction that there would be a 180,000,000dollar deficit this year and issued a warning that if the appropriations were exceeded during the next six months to alleviate unemployment and the drought, they would result in another deficit in 1932. He supplemented his request for 150,000,000 dollars for unemployment and an emergency appropriation for construction work with a proopsal for 132,000,030 dollars to be spent on public buildings. Before the close of the next fiscal vear the United States will spend

600,000,U00 dollars on national defence \ if Congress approves of the Estimates, rWhich are nearly 34,0(50,000 less than •for the current year, but the contemplated use of unexpended balances will almost offset the decrease of 15,000,000 dollars required for liquor anti-smuggling and coastguard activities.