Word: budgeting
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...Budget of the U. S. is a green-bound volume about the size of a telephone book for a city of two million and contains about as many figures. Prepared under the President's personal supervision, it details to Congress, which is under a moral but not legal obligation to follow it, the estimated sums of money required to operate the Government. U. S. officials appear before the House Appropriations Committee-in secret session-to explain and justify their cash allotments. Any such official who dares ask Congress for more money than the Budget allows him violates the Budget...
Last week to the House of Representatives, where all appropriations must originate, President Hoover sent his first Budget, providing for the fiscal year 1931.* Chief figure of the Hoover budget: $3,830,445,231, the Government's estimated expenditure for next year, exclusive of a postal deficit and additional outlay for the Federal Farm Board. Comparatively, this amount is $4,304,000 greater than current actual expenditures. Said President Hoover: "Our finances are in a sound condition." He envisaged surpluses of 225 million this year, 122 million next, reiterated his tax reduction recommendation...
...complex are the Budget's figures that President Hoover prepared for his own use a simplified compilation, grouping expenditures under functional heads, rather than by departments and bureaus. This "personal budget," as the President called it, showed how each dollar of Government money will be divided...
...potency test of a French Prime Minister is whether he can lash his budget through the Chamber of Deputies by Jan. 1. Nobody had done it for years until 1926, when great Raymond Poincaré made budget punctuality the crux of his saviorship of the franc. Last week the savior's smart disciple and successor, Prime Minister André Tardieu. battled to equal the record of his chief, battled also to vindicate his own nickname, "The Most American of Frenchmen" (TIME...
This year budget punctuality is not imperative. France is vastly prosperous. Surplus tax collections have been piling up over estimates month after month. Therefore, argued many a Deputy last week, why not go back to the good old pre-Poincaré system? In those days the budget debate was a tournament of oratory lasting well into March, April or even...