Word: budgeting
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Dates: during 1920-1929
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...First, Brigadier General Lord, Director of the Budget, compressor of "appropriations, trimmer of estimates, saver of cents and of centimillions, propounded the now old story of the Federal Budget and the economies which it has wrought. He pointed out that, in 1921 (the last pre-budget year), the U. S. Government spent over $5,000,000,000 and that today it is spending about $3,000,000,000 a year-an annual saving of more than...
...critics say no real savings have been effected through the budget system. As long as expenditures are brought down and held down, as long as taxes fall and the national debt melts away, we don't care and the people don't care what they...
After an all-night sitting, the Chamber of Deputies passed the 1925 budget by 410 to 31 votes...
House of Commons. The budget (TIME, May 11) received its third reading and was sent to the House of Lords* During debate Mr. Churchill, Chancellor of the Exchequer, claimed that he had relieved the obligation of the direct taxpayer without creating new burdens...
...dark side of the report, Mr. Gilbert reminds the world that next year there will be no loan proceeds to aid Germany's payments; and that eventually these payments will reach a minimum of $625,000,000 a year. The budget for 1925-26 shows an estimated deficit of $34,000,000, but this is expected to be remedied by increased taxation of beer and tobacco. Inter-State financial arrangements come in for criticism. Under the present system, 90% of the income and corporation taxes collected by the Reich are transferred to the German States. The Experts recommended...