Word: budgets
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Dates: during 1930-1939
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Keynoter was the association's retiring president, Budget Director Arthur C. Meyers of St. Louis (Aa), who said: "The main factor that makes the problem of Relief, unemployment, taxation and debt so difficult is the lack of cooperation between the different levels of government." On behalf of the lowest governmental level, Budgeteer Meyers complained that city Relief bills are uncertain because WPA does not distinguish consistently between employables and unemployables. For Depression II he suggested a long-range program "by all levels of government, business, labor and industry." Main proposal: higher share to cities on State taxes on liquor...
Year ago the Mexican budget was nominally balanced, and the Treasury forecast an "anticipated surplus" for 1938. But when the President confiscated all foreign oil properties (TIME, March 28), Mexico lost her oil receipts, her third biggest single source of revenue, one out of every 15 pesos of Treasury income. The State Railways and numerous State-operated industries, notably sugar refining, are also doing badly. Shoes are a pet industry with President Cárdenas, who hopes that some day everyone in Mexico will have shoes, and once at a public meeting gave away 300 pairs. Last week the output...
...Deputies met to receive the first Soviet budget drawn up since the Commissariat of Finance was "purged"' last March. New Finance Commissar Arsenii Grigorevich Zverev made a budget speech declaring that it is the Soviet Union's "duty to protect . . . the interests and culture of the working masses everywhere." For this big job, he announced, Russia has adequate funds. The Deputies cheered for many minutes after Commissar Zverev climaxed: "We stand for Peace, but we are ready to give blow for blow! If need be, the whole people stands behind the army and the Communist Party...
Russians who wanted facts turned from this fighting budget speech to a meaty report Commissar Zverev made in the official publication Bolshevik. In this, Commissar Zverev blames on his purged predecessor, Grigory Grinko, four major shortcomings in Soviet finance: 1) persistently low purchasing power of the ruble; 2) long arrears in salaries which the State owes to personnel of the Motor & Tractor Stations (some have been unpaid for as much as two years); 3) closing by the State of a total of 26,000 Soviet savings banks and institutions; 4) chaotic conditions in the Soviet tax system...
Commissar Zverev in the course of his ringing budget speech ranged far & wide over all phases of Soviet Union life in striking phrases. There are 33,000,000 pupils in Soviet elementary and secondary schools, he declared, and the proletarian State boasts of no less than 50,000,000 bondholders. Putting in figures with broad brush strokes, Commissar Zverev reported that: 1) the State's revenues would be 125,184,000,000 rubles (of which 83,000,000,000 rubles is to come from turnover taxes); 2) the State's expenditures would be 123,684,000,000 rubles...