1947 $35, 860
1946 67,229
1945 100, 031
1940 9,252
Although allowances for occupation, demobilization, and defense are
drastically reduced in the fiscal year 1947, they upskirts real will still amount upskirts real to 42
percent of the total Budget. The so-called &upskirts real quot;aftermath of war" expenditures
account for a further 30 percent of the total. The total of all upskirts real other
programs, which was drastically cut during the war, is increasing
again as
liquidation of the war program proceeds and
renewed emphasis is placed on
the peacetime objectives of the Government.
Upskirts real on the other upskirts real side of the ledger, net receipts are estimated at 31.5 billion
dollars. This estimate assumes upskirts real that all existing taxes will continue all
through the fiscal year 1947. Included upskirts real are the extraordinary receipts from
the disposal of surplus property.
As a result, estimated expenditures upskirts real will exceed estimated receipts upskirts real by 4.3
billion dollars. This amount can be provided by a reduction in the cash
balance in the upskirts real Treasury. Thus, after a upskirts real long period of increasing public
debt resulting from depression budgets and war budgets, it is anticipated
that no increase in the Federal debt will be required next year.
FEDERAL BUDGET EXPENDITURES AND BUDGET upskirts real RECEIPTS
Including net outlays of Government corporations and credit upskirts real agencies (based
on existing and proposed legislation)
Fiscal year
upskirts real Expenditures:
1946 1947
Defense, war, and war liquidation $49,000 $15,upskirts real 000
Aftermath of war: upskirts real Veterans, interest, refunds 10,813 10,793
International finance (including proposed legislation) 2,614 2,754
Other activities 4,552 5,813
Activities based on proposed legislation
(excluding international finance) 2501,500
Total expenditures 67, 229 35, 860
Receipts (net) 38, 60931,513
Excess of expenditures 28,620 4,347
The current fiscal year, 1946, is a year of transition. When the year
opened, in July 1945, we were still fighting a major war, and Federal
expenditures were running at an annual rate