OCR Text |
Show Federal Financial Records Reported WASHINGTON, June 28 (U.E) Treasury statistics indicated today that the federal government's 1937 fiscal year will close Wednesday with income and outgo highe'r than last April's revised budget estimates esti-mates and with a deficit slightly more than anticipated. It also became apparent that at least three new records will be established in government fiscal fis-cal operations under the new deal. They were: 1. The lowest deficit since the Roosevelt administration went into in-to office. 2. The highest national debt in history. 3. The largest revenue collections collec-tions for any fiscal year since the World war. If the treasury decides to postpone post-pone retiring approximately $300,-000,000 $300,-000,000 of the outstanding public debt until next year, the deficit will be in the neighborhood of $2,-850,000,000. $2,-850,000,000. If the retirement is carried out, the deficit would amount to approximately $3,100,000,000. |