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Show NATION BEGINS ON NEW FISCAL YEAR RIGID BUDGET OF ECONOMY 13 PLANNED BY DIRECTOR DAWES FOR COMING TWELVE MONTHS Nation Lives Within Its Income According Ac-cording To Treasury Statement Cover'ng Past Year Government Govern-ment Debts Arc Reduced Washington Living completely within with-in its Income, according 10 official treasury statements covering all but two days of the fiscal year, the government gov-ernment Friday opened its hooks to a new regime of economy ami efficiency. Meeting in the office of Kudget Director Di-rector Dawes, President Hardin;; Dawes and budget rejiresentitivs of all government deiartinents made detailed de-tailed plans for the fiscal year 1922 to be far more economical than the fiscal year which ended yestenlay. Up to June 2S. The government's books showed : Ordinary Veceipts, ?.000.141,0!)3. Ordinary disbursements. 5,0-41,416,-'109. Surplus of ordinary receipts over ordinary disbursements, $."iftS,724.I)K4. Grand total receipts, $14.403.4:l,144. Grand total disbursements, .$14,201,-507,306. .$14,201,-507,306. Surplus of grand total receipts over grand total disbursements, $201,931,-778. $201,931,-778. During the period of these reports the national gross debt has been reduced re-duced approximately to $1,000,000,000, or about 5 per cent, other treasury statements show. The figures indicate that for the first 'time since the war period the government has spent less than It took In, including borrowings. Under plans announced by Dawes no official, large or small, can spend more money than lias been allotted him without obtaining consent of Dawes and then of President Harding. Dawe's plans for cutting appropriations appropri-ations and building up a reserve fund were explained today to a meeting of his assistants at which Harding was present. "Within a few days," said Dawes, "the budget official of each department depart-ment will be asked to submit a minimum mini-mum estimate of the amount of money on -which the department can get through the year. All money appropriated appro-priated over and above that estimate will be put into the reserve fund. "In order to spend more than the estimate, any official must first get permission of the budget director and then of the president. This wi'l make each official, no mutter how m'nor, In responsibility, directly responsible to the president of the United States for economy in his section. "It will be very difficult under this scheme to spend more money than estimated." |
