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The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
The US Treasury Department ends its costliest fiscal year on June 30, having spent approximately $32.5 billion, more than the entire cost of World War I, including $26 billion for direct war purposes and additional government activities.
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Treasury Department Spent Approximately $32,500,000,000
WASHINGTON, June 30—Having spent in 12 months more than the entire cost of the first World War, the United States Treasury Department today closes its books on the costliest fiscal year in its history, according to the temporary records.
Although the budget for the new fiscal year beginning tomorrow will be more than double that of the old year's, exact figures will not be available for a few days.
But temporary tabulations show that the Treasury spent in the past year some 26 billion dollars for direct war purposes, plus enough more for other governmental activities, some of which were related to the war effort, which will make expenditures total approximately thirty-two and a half billion.
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Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
June 30
Outcome
expenditures total approximately $32.5 billion, including $26 billion for direct war purposes.
Event Details
The United States Treasury Department closes its books on the costliest fiscal year in its history, having spent in 12 months more than the entire cost of the first World War. Temporary tabulations show spending of some 26 billion dollars for direct war purposes, plus more for other governmental activities related to the war effort.