Word: budgeting
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Dates: during 1920-1929
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Several causes for the break are already discernible. The basic cause is that the French have not really balanced their budget and have financed deficit after deficit by issuing more internal government notes and bonds. This load of debt, which it was hoped would soon be lightened by the receipt of German reparations, at length became top heavy. Speculators began to sell francs "short" in anticipation of a decline. The conservative investor, to avoid losses, sent his balances abroad, and a "flight of the franc" ensued...
Replying to an inquiry on education is Russia today Miss Strong said "The education budget is the only one which is increasing each year. The army is 100 per cent literate, and the Trade Unions maintain 1500 teaching centers where workers learn to read and write. The Universities are filled with young men who are taking technical courses, many institutions having discontinued entirely classical study...
...only private fortunes which have benefited by this renaissance. For the first time in many years the ordinary budget, which before the War had a deficit, has now a surplus. The devastated regions have been largely restored and with wonderful quickness...
...Committee of Experts (TIME, Dec. 10 et seq.), whose chairman is the renowned General Dawes, whose function is to report upon the means of stabilizing the German currency and of balancing the German budget, began to draft its final report...
...from the budget estimate for naval aviation, making the appropriation $57,174 less than last year's. The development program for Pearl Harbor, Hawaii and Coco Solo, Canal Zone, was deprived of appropriations on the ground that it had never been approved...