Word: budgeting
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Dates: during 1940-1949
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...Budget. John Taber, the man with the voice of a stentor, said he saw the way to slash $9 billion from the federal budget. This was a "minimum," he said. Senator Taft recently vowed that the Republicans could make a $13 billion cut once they got their hands on the budget. Some of the savings Taber saw would be in nonrecurring items (e.g.: food subsidies, Export-Import Bank, World Bank and World Fund). On other items Taber promised to use a sledge hammer if necessary. Items which immediately met his eye: $2.5 billion from Army & Navy; $2 billion in terminal...
...managed to get the Council's rules of procedure revised so as to give the Secretary-General the right to "make either oral or written statements : . . concerning any question under consideration. . . ." Last week, in a speech before Committee No. 5 in defense of U.N.'s proposed budget, Lie, on grounds of international principle, came out against the suggestion that the U.S. pay almost half of U.N.'s administrative costs...
...first time since 1930, Canada's budget was in balance. The Dominion was taking in more than it was spending. Despite the summer's crippling strikes, Government revenue from income and excess profits taxes for the first seven months of the 1946-47 fiscal year (April 1 to March 31) was a thumping $157,000,000 ahead of estimates. In the same period, Government expenses were about $200,000,000 lower than anticipated. Surplus to date...
...seemed to be no midyear freak, either. It was almost certain that the budget would still be in balance at fiscal year's end; it was quite probable that Canada would have a surplus...
...dollars which the Government estimated it would need during the fiscal year for such things as loans to foreign countries. Such items have never, in Canada, been classified as budgetary. Of the billion, only $523,000,000 has been spent so far. Under this method of bookkeeping the U.S. budget too would definitely be in balance...