. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . ked seasonal movementin budget expenditures, but if you look at chart G in relationship to chart F yousee the big seasonal swing in the Governments deficit or surplus position. Itgrows out of the way in which taxes fiow into the Treasury. As I have said, some of this unevenness is being ironed out slowly as a resultof the corporate tax collection change under the Revenue Code of 1954, but stillit has a way to go. ^ It is difficult to make precise month-to-month forecasts which reflect all opera-tion
. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . ked seasonal movementin budget expenditures, but if you look at chart G in relationship to chart F yousee the big seasonal swing in the Governments deficit or surplus position. Itgrows out of the way in which taxes fiow into the Treasury. As I have said, some of this unevenness is being ironed out slowly as a resultof the corporate tax collection change under the Revenue Code of 1954, but stillit has a way to go. ^ It is difficult to make precise month-to-month forecasts which reflect all opera-tions of the Government, including collection of a great many types of revenues, 250 195 8 REPORT OF THE SECRETARY OF THE TREASURY Chart F BUDGET EXPENDITURES-SEMIANNUAI Fiscal Years l955-59 $Bil. 25 • ■ 36 2 ; :33J> ■ 356 366 334: :: 330 36 9 1338 370 July- July- July- July- July- Oec. June Dec. June Dec. June Dec. June Dec. June — 1955— ^—1956— ^—1957— —1958— ^—1959— Chart G BUDGET RECEIPTS-SEMIANNUALFiscal Years 1955-59 $Bil. 25. 4^9 v/k ^/A
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Keywords: ., bookcentu, bookdecade1870, booksubjectfinancepublic, bookyear1876
