Show i PROSPECTIVE DEFICIT JIT OP I YEAR AGO TO The deficit for the current year ear was estimated at when the year began Since that time the ost mated expenditure expenditures have been re reduced red re- by the practice or of rigid economy econ omy my upon the part of all the tive agencies of the government This reduction amounted to over by January and it is still progressing Ort On the other hand band the estimated receipts Increase increased ed largely largel because of the new tariff which went into effect September The result is a B reduction of ot the estimated deficit from to With five live months montha to go and with the deficit having been cut over Inthe Inthe in inthe the seven months elapsed there is II every reason for the Administration to believe that by June 30 there will willI willbe willbe I be be- beno no deficit and the government will begin the new hew fiscal year July 1st with a surplus su in the Treasury |