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Abstract

Finance

Noyes, Alexander D. | May 4, 1918 issue

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Newspaper headlines, on the cabled account of the British budget of government expenditure for the fiscal year ending next March, described it as the largest program of such expenditure in history. This on the whole was probably a correct description. In American values, the year's estimated disbursements were to be $14,860,900,000, as compared with $13,481,000,000 in the fiscal year just ended and with $987,400,000 in the last fiscal year before the war. The public expenditure, outside of the postal service, was $2,763,586,000 in the fiscal year ending in June 1917.

See Also:

EXPENDITURES, Public; FISCAL year; DISBURSEMENTS; POSTAL service; FINANCE, Public; GREAT Britain; UNITED States

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H.L. Mencken, "An Eminent American," July 11, 1923.

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