THE AMERICAN BUDGET.
SUBSTANTIAL REDUCTION. By Telegraph—Press Aesooiatiou—Copyrigh* Australian and N.Z. CfabJe Association. WASHINGTON. December 4. Tho regular final session of Congress hae been convened. President Harding, in submitting the 'Budget in .i message, said it would be approximately three billion dollars—the lowest jduoe before the war. Two-thirds :»f this amount represented fixed charges resulting from the war. Therefore. ;i was difficult. ,to reduce taxes in the new? future. The Budget, which 600,00().000dol le«-s than for the current year, provides 046,433,870d0l for national defenoe. \‘he arniv take* 256.552,877d0’1, for 125,000 men and 12,000 officers, and the navy appropriation is 289,433,870d0l for a. force of 86.000 men and various construction works. The air service is appropriatin'--12.871, SOOdol.
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Star (Christchurch), Issue 16908, 6 December 1922, Page 5
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116THE AMERICAN BUDGET. Star (Christchurch), Issue 16908, 6 December 1922, Page 5
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