Show U. U S S. S REVENUES REVENUE S NEARLY DOUBLE First Month of New Fiscal Year Registers Big Increase S 57 Ii Br ri Pren WASHINGTON ASHINGTON V Aug The 2 The federal fed f. eral government m made de rapid progress toward a balanced budget iii h July the first month of the new fiscal year tr treasury figures showed today Revenues Rev Revenues were almost double that of July 1932 The increased income coupled with a on of ot nearly 50 per per percent ce cent t in expenses held the deficit for the first 31 days of the new fiscal l year to compared with a 11 deficit of in m July 1932 Total Income of the federal government govern govern- ment in July amounted to compared with in the corr corresponding month of ot last year A boost in internal revenue collections because of ot rising beer taxes beer taxes and man manufacturers manufacturers' excise taxes not fully fuBy in effect a year ago and general improvement im tin provement in business business- conditions ac accounted accounted accounted ac- ac counted for tor the sweeping rise in reve S 5 EXPENDITURES DROP Expenditures of the government nl for July meanwhile fell from a year ago to this year partly as a result of the drastic economies m in wages payrolls and operations operations op op- p put t into effect by the new new administration With the start of the new fiscal yea year On the basis of the July deficit of this years year's deficit is not expected to greatly exceed the billion dollar mark compared with a deficit for the last year of nearly Miscellaneous internal revenue which h includes beer tobacco and va rious dous excise taxes in iri July amounted to against in July 1932 and was at the highest level since August 1932 when repeal of the wartime taxes began Customs receipts another lucrative source of federal revenue rose to 25 in July from a year ago and was s at the highest level in 10 months The rise in customs receipts was attributed to increased foreign trade promoted by business business' Improve business Improvement Improve ment meat in many many- parts parts- of the world Panama canal tolls tolls' at the same time rose to from a year ear ago PARTLY FINANCED General expenditures of the government gov exclusive of emergency cx- cx amounted to in July against a year ear ago Em Emergency expenditures in July which included public works emergency conservation work anc arid and federal emergency relief amounted to against expended ex cx- pend d for relief purposes through th Reconstruction Finance corporation corporation corpora corpora- tion a year ago The July deficit this year ear was partly partly partly part part- ly financed by the government through an Increase in its gross pub pub- lie debt of bringing total debts at tho the end of July to the highest level in 11 years years at |