President Truman 's Budget Bureau today estimated that the Government would have a deficit of 5,500,000,000 dollars for the „financial year ending June 30, 1950. The estimated deficit is more than six times the 900,000,000 dollars deficit President Truman expected last January when he presented his budget to Congress. The Bureau said the reasons for the huge estimated increase in the deficit were higher Government expenditures and lower revenues. The expenditures earlier were expected to be 41,900,000,000 dollars, but the revised estimate was 43,500, 000, 00G dollars. The revenues earlier estimated at 41,000,000,000 dollars now were expected to be only 28 "0:000,ooo dollars,
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19491103.2.28.3
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Chronicle (Levin), 3 November 1949, Page 5
Word Count
103Page 5 Advertisements Column 3 Chronicle (Levin), 3 November 1949, Page 5
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