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Hon George P Schultz Secretary of the Treasury accompanied
Comparison of fiscal year 1974 receipts as estimated in January 1973
Receipts in billions
$16 billion surplus administration agree amendment amount believe bill billion deficit bring balance cause for alarm Chairman check-bond committee Congress corporations counterpart funds currencies held current estimate debt ceiling debt subject deficit spending dollars economy estimate estimate estimate expenditures Federal budget Federal funds basis Federal funds budget Federal funds deficit fH fH figures fiscal year 1974 food prices foreign currencies going gross national product Harry F income taxes increase inflationary issued January June 30 legislation ment November 30 operating outlays percent phase President problem production profits public debt question rate of inflation receipts refunds restraint Savings Bonds rates Secretary Shultz Senator Bennett Senator Byrd Senator Dole Senator Hartke Senator Mondale Senator Packwood Senator Ribicoff Senator Roth Shtjltz social security spending statement surplus or deficit temporary debt limit Thank Treasury trust funds unified budget Volcker world market Xo9jjno