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BALANCING THE BUDGET 3
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accounted average balanced budget billion dollars billion in 1959 borrowing budgetary bulk business cycle capita basis Capita in 1954 century charges constant 195*0 dollars constant dollars costs decade declined deficits deflators depression domestic expenditures dropped Economic Report Eisenhower eral Federal debt Federal expenditures Federal government Federal grants fiscal fluctuated governmental expenditures governmental finances grants-in-aid gross national product Health and Hospitals highways impact income tax increased interest intergovernmental International Relations Korean Korean conflict level of government ment military expenditures national debt national defense national government over-all payments peacetime penditures percent in 1959 percent of GNP Percentage period personal consumption expenditures personal income Personal Taxes population Postal Service principal property tax proportion public debt public expenditures public finances Public Welfare purposes receipts recent recession relative rise rose statistics substantially surpluses tax revenues thirties total governmental trends Truman tures units of government veterans war-related expenditures