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284839485
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White House Press Release, Statement by President Harry S. Truman at the Budget Seminar
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1
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id
284839485
contentType
document
title
White House Press Release, Statement by President Harry S. Truman at the Budget Seminar
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White House Press Release Files (Truman Administration)
White House Press Releases
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284839485
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8
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1947-01-08
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1
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1947
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#965
HOLD FOR RELEASE
HOLD FOR " RELEASE
HOLD FOR RELEASE
January 8, 1947.
CONFIDENTI.ID: The following Statement by the President, at the Budget
Seminar, January 8, 1947, must be held in STRICT CONFIDENCE and no
portion, synopsis, or intimation is to be given out or published
until READING of the Presidont's Message transmitting the Budget
has begun in eithor the Senate or the House of Representatives.
NOTE: Extreme care must therefore be exercised to avoid promature
publication. The same release applies to radio commentators
and news brondoasters.
CHARIES G. ROSS
Secretary to the President
STATEMENT BY THE PRESIDENT AT BUDGET SEMINAR -- JANUARY 8, 1947
The Budget which I shall transmit to Congress on Friday
is balanced. If the estimatos are realized, the Budgot will be in
balance for the first time since 1930 -- 18 years.
NARA
It is realistic, and as complete as WO know how to make
it. It is based on a careful study of the needs of the various
departments and the funds required to carry out the obligations of
the Federal Government under programs established by the Congress.
It is a tight Budget. I believe it is fair to say that
no department or agency feels that its needs are fully met. In its
preparation I instructed the Director of the Budget to require thorough
and conclusive justification for overy item which he recommended to
me. In every borderline caso, the decision has been to eliminate ex-
penditures, rather than to include them. It has been necessary for
us to be more hardboiled in making many decisions than I like to
be. We have had sharply to reduce requests for a number of programs
which in my opinion would be worth while were it not for our urgent
nood to cut expenditures.
I have been told by my staff that this Budget has been
more difficult to prepare than any ever issued before. I can believe
it.
The corporations and war agencies have been included in
detail in the Budget for the first time. Last year WO sont up three
Budgets at different periods of the year the Annual, the War Supplement,
and the Corporation. This year they have all been integrated into
one Budget. For four years the war agencies havo been presented in
special Budgot supplements in the spring and only a proliminary
ostimoto of their total was included in the January Budget.
In this year's Budget, exponditures and appropriations are
grouped under a new functional classification in order to present to
the Congress and the people C clearer picture of the purposes for which
Federal funds are intended. I hope the press will use the new classi-
fication. We have put the figures for 10 years (1939-1948) on this
basis. The new classification is a part of a continuing effort to make
our Budget understandable in spite of its inherent complexities.