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Reviews President's Budget proposal for FY61.
Reviews President's Budget proposal for FY61.
"A summary of the principal statistical programs of the federal government, show the amounts provided for these programs in 1959 and 1960 and the amounts recommended in the budget for 1961"--Page 3
Brings together information about federal activities in public works, such as schools, public buildings, roads, hospitals, dams and reservoirs, and military bases, in the 1961 budget. Includes direct federal construction and federal grants and loans to state and local governments for public works. Also includes some information on federal assistance for construction by co-operatives and nonprofit groups and on federal programs affecting private construction.
Excerpt from The Budget of the United States Government for the Fiscal Year Ending June 30, 1961: Budget Message of the President and Summary Budget Statements For the fiscal year 1951, Budget expenditures under this financial program are estimated at billion dollars, about 860 million dollars below estimated expenditures for the current year. Budget receipts under existing tax laws are estimated to be billion dollars, a decrease of about 460 million dollars below the present year. The estimated Budget deficit for the fiscal year 1951 is thus billion dollars under present tax laws, compared with an anticipated deficit of billion dollars in the fiscal year 1950. I shall shortly recommend to the Congress certain adjustments in our tax laws which will produce some net additional revenue in 1951, not reflected in this Budget. These adjustments will result in a larger revenue increase in subsequent years. A reduction, greater than that in expenditures, has been made in the requests for new appropriations and other obligational authority in 1951. Expenditures occur when the Government pays its obligations, and the Congress grants authority to incur obligations when it enacts appropriations, contract authorizations, and authorizations to borrow from the Treasury. The authority to incur new obligations which I am recommending for the fiscal year 1951 totals billion dollars, considerably below the 1950 level. This fact is significant as an indication that the downward trend in expenditures from 1950 to 1951 may be expected to continue. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Issues for 1951/52-1970/71 accompanied by an appendix (entitled 1951/52-1955/56, Obligations by objects and detail of personal services; 1956/57-1960/61, Detail of personal services; 1961/62, Detail of personal services and passenger motor vehicles and aircraft).