Word: deficit
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Dates: during 1920-1929
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Recent developments have indicated that the following revisions must be made in the original estimate of a $117,000,000 deficit...
...deficit will be enlarged 1) because the British Government under the new debt agreement is expected to pay the interest installment of $69,000,000 on its debt not in cash but in Liberty Bonds; 2) because of unexpected appropriations made in the closing hours of the 67th Con- gress...
...deficit will be cut 1) because of payments made by the Shipping Board and the Navy Department of $6,000,000; 2) because the estimated return from the March 15 installments of the income tax will exceed by from $25,000,000 to $50,000,000, the expected $400,000,000; 3) be- cause the revenue from tariff duties is now expected to be in excess of the $500,000,000 estimated...
Recent trends in foreign exchange have been interesting. The franc, after a rise practically to 7c, broke sharply, when the rumor of a Ruhr settlement was dissipated. Marks are still stabilized by German government operations, despite a current note increase of 401 billions, and the report of a deficit in the Reich budget of 7,100 billions. Invitation to American investors to participate in a 50 million dollar German government loan, non-interest bearing but retirable at 120, seems to have obtained little response here. Proceeds of the loan will be mainly used for combatting the French in the Ruhr...
...budget deficit that is likely to approximate...