Word: deficit
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...increased Government spending, will probably run a healthy Government deficit in fiscal 1963-both factors that ordinarily fuel inflation and lower the value of the dollar...
Without strong business confidence, the U.S. cannot realistically look for an economic boom. Yet it is on the expectation of a boom that Kennedy has based his forecasts for a balanced budget next year. As it happens, the fiscal 1962 budget deficit is expected to hit at least $7 billion. And estimates of the deficit for the next fiscal year run all the way from nothing (Kennedy's, with several ifs) to $10 billion. Said Virginia's Senator Harry Byrd, chairman of the Senate Finance Committee: "We are told that the fiscal situation will be all right...
...regime: "In the U.S., you can build up a business and live on it for three generations. Here, in one generation I've run through three businesses." The government has kept the currency stabilized, is gamely trying to slash imports and boost exports to reduce the chronic trade deficit of $150 million a year. But the basic problem is to raise national income to meet Turkey's rapid population increase (3% annually, compared to 2% in India). Other badly needed improvements delayed by the political stalemate are housing, education, a modernized judiciary...
...fiscal record does not look nearly so bleak -or so inflationary-as it does under the administrative budget. By January of this year, total Government receipts under the national income budget were running at an annual rate of $103.2 billion, and total expenditures at $105.2 billion. Thus, the federal deficit melts to $2 billion under national income accounting, and by the end of fiscal 1962 may be as little as $500 million. Far from showing up the Administration as a profligate, the national income system indicates that during calendar 1961, Government receipts increased by $10.7 billion while spending went...
...built National from a 142-mile mail run into the nation's seventh biggest air carrier. Last week, with National's skies sunnier than ever before-the company's first-quarter earnings this year were almost $3,000,000, v. a $1,400,000 deficit a year ago-hardhitting Ted Baker abruptly sold out to a man with whom he has little in common save a love of aviation...