Salt Lake Telegram | 1932-04-13 | Page 12 | U. S. Deficits Climb Above Two Billions

u. ill uI S SI S. DEFICITS I I I CLIMB ABOVE I TWO BILLIONS Income Tax Collections Show Major Decrease in ini i Revenue 8 Br Bs A Press Pren WASHINGTON April 13 The 13 The governments government's gov- gov ov deficit went above the thc two billion dollar mark on April 11 II when it amounted to On that date the thc government had I collected from Crom all sources and had spent In the general fund the government I had a deficit of having collected since last Jul July 1 and spent Income tax collections accounted for tor the major item o of decrease amounting to compared with in the same sam period I List last year 1 I Miscellaneous internal revenue d de dt declined I II I dined and customs duties I were down Expenditures amounted to 2033 compared with last year ear Miscellaneous internal revenue de do- I and customs duties I were down Expenditures amounted to 2033 I compared with I last year The postal deficiency had piled up I to an increase of over the same period a year ago Other items of increase included I for the Reconstruction Finance corporation and spent by the treasury to subscribe additional stock for Cor the federal land banks The deficit was the thc highest ever piled up by the government govern I ment meat in peace times I. I During the war tear it went above c that figure twice In 1918 it amounted to while in 1919 the 1 record it amounted to The deficit for the present year to date already is twice that o of or last year ear when it amounted to