Word: deficit
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Dates: during 1920-1929
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Stefani. Alberto de Stefani became Minister of Finance in 1922, since when he has worked miracles for Italian finance, turning a heavy deficit into a surplus. Opposition to him crystallized last spring when he issued certain decrees regulating Stock Exchange transactions which, however brilliant in theory, were disastrous in practice...
...course, any estimate based on these figures as to how nearly the postal receipts will balance expenditures for the current year is the merest guess. But the figures quoted would indicate a deficit of something like $40,000,000, which is due, of course, to the legislation passed by the last Congress affecting both pay and rates...
...year which ended June 30, 1924, the Post Office ran a deficit of $12,000,000. The annual deficit had been decreasing since the War. When Congress passed the pay and rate increase measure last spring, there was a prospect of a $3,000,000 surplus this June. Because of the new law (pay was made retroactive to Jan. 1 and increased rates did not begin until April), the Post Office showed a deficit at the end of the year (June 30). The deficit, not yet calculated, is estimated...
...National Industrial Conference Board furnished additional figures, calculated that from July, 1924, to April, 1925, 27,908 unskilled laborers were admitted to the U. S. and 44,750 left the country, leaving a "deficit...
...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...