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Show U. S. TREASURY FACES DEFICIT Estimated Receipts Likely to Fall Short of Budget Demands WASHINGTON, April 19. An excess ex-cess of receipts over government expenditures ex-penditures of about $-17.noo,00"as compared com-pared With a deficit of about J24.00O,-OoO J24.00O,-OoO Indicated in the budget submitted in Dn-embcr, Is apparent from the L intent revised estimates for the fiscal year, 1922, Secretary Mellon has informed in-formed Senator MeCumber. Republican, Republi-can, North Dakota, chnirinnn of the senate committee, In a letter made public at the treasury. INTBRE9F LEFT oi l' For the flical mar 19 23, however. .ii- Mellon submitted i statement showing an estimated deficit o about $359,000,000 compared with a deficit of fll7.BTl.000 Indicated by the December De-cember budget The budget did not . . into account 1126,000.000 of ac-i ac-i i. muiated Interest n war savings certificates of the series of 1918; prop'erly charged as an ordinary expenditure ex-penditure representing interest on the war debt, which would make the deficit de-ficit for 1 923 as estimated by the treasury 1484,000.000 and would have 1 1 1 n a deficit of J292.000.000 In the i idget. "a. Mr. Mellons letter was in teply to request from the ohalrman of the senate finance i omniltte. v. iilh is s i to begin consideration of soldiers' bonus bon-us legislation, for the latest revised estimates as to receipt- and expenditures: expendi-tures: of the government for rhc flscn.1 iars 1922 and 1928 SOURCE QF KMTUATks Estimates for the fiscal year 1922, Mr. Mellon paid, were based on actual receipts of the first nine months w 1 1 -. the treasury's estimate .is to receints for the Inst three months, and as to the expenditures from the latest figures fig-ures received by the bureau of tha budget from the vurlous departments and establishments. He estimated the total ordinary receipts re-ceipts for 1922 at $3.994. 00. 000 and the net expenditures at $3,947,000,-000 $3,947,000,-000 For the fiscal year 1923 he estlfnat-, estlfnat-, ed the total ordinary receipts at $3.-J9S.000.000 $3.-J9S.000.000 and the net expenditures at $3. 657,000. 000 |