Word: surpluses
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Dates: during 1920-1929
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...entire surplus was used in paying off part of the public debt. It had been estimated that this surplus would amount to only $67,884,489. It was about four times as large, partly because expenditures were smaller than expected but largely because revenue was much larger than expected...
Expenditures...........3,618,675,186 _________________ Surplus...
...year ago the surplus for this year was estimated at $373,743,714. Although the revenue now expected is $239,420,000 greater than the estimate of a year ago, the estimate of expenditures is $351,124,000 greater-therefore reducing the expected surplus. The extra expenditures which cut the surplus include...
Expenditures..............3,494,222,308 ___________________ Surplus...
...receipts indicate the amount the Government would expect to receive under the present tax laws. The surplus therefore represents the amount available for tax reduction. The expenditures represent the total of the appropriations asked by the Administration. The itemized list of these appropriations made last winter for the present year is as follows...