Word: budgeting
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Alarmed at the indisputable increase in expenditures, President Hoover had some figures of his own compiled by the Budget Bureau. With his Cabinet he considered anew the problem of Federal finance, ordered each member to "undertake a searching inquiry into every branch of the Government as to methods by which econ omies may be brought about." He was "confident we shall find measures for very considerable reductions of actual outlay below the amounts appropriated...
Speaking of budget estimates and not of actual appropriations by Congress as were Messrs. Wood and Byrns, the President announced: "The total budget estimates for the present fiscal year are $4,203,254,457 as compared with actual expenditures for the last fiscal year of $3,994,152,487 or an increase of $209,101,970, being an in crease of 5%. ... The largest increases are for the speeding up of buildings, inland waterways and public works to assist in unemployment, together with increased relief of veterans...
...There has been some confusion as to the amount of increased appropriations imposed by the last Congress by the mistaken inclusion of authorized programs which extend over many years and only in a small part fall in each annual budget...
...this embargo all. Last week the Prime Minister, who is also Commonwealth Treasurer (he has been called "The Snowden of Canberra"), made his budget speech. He began by announcing that the Commonwealth Treasury has a deficit of £14,000,000 ($68,000,000). Then, leaning from the rostrum tense and resolute he said, displaying a sheaf of papers: "I have in my hand a new table of tariffs, the most sensational in the history of the Commonwealth...
...long view plan for the future. It will require many years to complete. . . . [I propose] that we should approach the problem on sound engineering lines, completing the main trunk systems and gradually extending the work outward. . . . The bill does not call for any increase in the budget this year...