Word: budgeteering
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Dates: during 1960-1969
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...price tag on foreign aid requested for fiscal 1966 is an all-time low of $3.38 billion, down from $3.51 billion requested last year-but more than the $3.25 billion that Congress granted. Nevertheless, the new program, said President Johnson, is "the lowest aid budget consistent with the national interest...
...hostile, Republican-dominated legislature, tossed off a 31,700-word message in the Great Society vein, designed to make sure "that New Jersey does not become a grim preview of a polluted, congested world of the future." His new programs would add $153 million to the $634 million state budget. Hughes wants a state sales or income tax, which the legislature-under federal court order to reapportion itself and stand for re-election next November-is not about to give...
...unveiling the 1965 Soviet budget last month, Premier Aleksei Kosygin-himself a savvy economist-announced that by the end of the year one-third of Russia's consumer-goods factories were to switch to the Liberman system. Then, three weeks ago, Moscow disclosed an "area" trial of Libermanism in Lvov where, significantly, not only the town's consumer industries but also its heavy industries, including a coal mine, were to go on a supply-and-demand basis...
...Argentines last week estimated their government budget deficit for 1965 at $860 million-and that was just an optimistic guess. The actual deficit, say economists, is likely to be closer to $1 billion. Moreover, better than half of the red ink flows from a handful of state-owned enterprises that seem to succeed only in costing the country money. The state oil monopoly, Y.P.F., is expected to lose $120 million this year; millions more go for the state-run airline and merchant fleets...
...Deal Social Security official, Neustadt inherited an allegiance to the Democratic Party and a proneness to Washington service. He got into the Government in 1942 as an OPA official, came back to Washington in 1946, after a Navy stint, to become an assistant to the Director of the Budget. "I'm a second-generation bureaucrat," he says without apology. After the Eisenhower sweep, Neustadt went first to Cornell as an assistant professor of public administration, then in 1954 he joined the Columbia Department of Government. A lively lecturer and wit, he had more students than there were seats...