The aggregate increase in these relatively uncontrollable expenditures is more than $ 1 billion over 1960.ħ. ![]() Substantially higher expenditures in a number of categories which under present laws are relatively uncontrollable, particularly $9.6 billion for interest $3.9 billion to help support farm prices and income $3.8 billion for veterans compensation and pensions and $2.4 billion in aid to State and local governments for public assistance and employment security activities. In addition to funds for going work, this amount provides for the initiation of 42 new high-priority projects, which will require $38 million in new appropriations for 1961, and will cost a total of $496 million over a period of years.Ħ. A record total of expenditures, $1.2 billion, for water resources projects under the Corps of Engineers and the Bureau of Reclamation. This increase in program is needed to accelerate economic and technical assistance, chiefly through the Development Loan Fund, and to strengthen free world forces, in particular the forces of the North Atlantic Treaty Organization, with advanced weapons and equipment.ĥ. Nearly $4.2 billion in new appropriations for mutual security programs, an increase of about $950 million above appropriations for the current year, with an increase of $100 million in expenditures. This furthers our plans to keep moving ahead vigorously and systematically with our intensive program of scientific exploration and with the development of the large boosters essential to the conquest of outer space.Ĥ. Increased appropriations (including substantial restoration of congressional reductions in the 1960 budget), and a virtual doubling of expenditures, for nonmilitary space projects under the National Aeronautics and Space Administration. These expenditures, which will be slightly higher than the 1960 level, will provide the strong and versatile defense which we require under prevailing world conditions.ģ. New appropriations for the military functions of the Department of Defense amounting to $40.6 billion, and expenditures of $41 billion. ![]() This surplus should be applied to debt reduction, which I believe to be a prime element in sound fiscal policy for the Nation at this time.Ģ. Revenues of $84 billion and expenditures of $79.8 billion, leaving a surplus of $4.2 billion. ![]() ![]() At the same time, the budget is a test of our resolve, as a nation, to allocate our resources prudently, to maintain the Nation's security, and to extend economic growth into the future without inflation.ġ. This budget attests to the strength of America's economy. The proposals in this budget demonstrate that this objective can be attained while at the same time maintaining required military strength and enhancing the national welfare. This will make possible a reduction in the national debt. With this message, transmitting the Budget of the United States for the fiscal year 1961, I invite the Congress to join with me in a determined effort to achieve a substantial surplus.
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