AMERICA’S HUGE BUDGET
WAR AND DEFENCE TAKE 72 PER CENT.
PRESIDENT’S ESTIMATES
Reed. 9.5 a.m. WASHINGTON, Thurs.
Applying the principles of house* hold accounting to the £766,000,000 Budget of the Federal Government for 1931, President Hoover has calculated that approximately 72 per cent, of the total expenditures -will go to national defence and the fiscal burdens of the past wars. Only eight per cent, of the Budget Estimates will be required, according to the President, for normal departmental and Governmental functions, including £10,000,000 for the postal deficit.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19291206.2.87
Bibliographic details
Sun (Auckland), Volume III, Issue 839, 6 December 1929, Page 9
Word Count
87AMERICA’S HUGE BUDGET Sun (Auckland), Volume III, Issue 839, 6 December 1929, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in