The Deficit and the Public Debt

Archive Report

State of the Federal Goverment's Finances

Overestimates and Underestimates of the Deficit

The Public Debt of the United States at the end of the present fiscal year, June 30, 1936, will approximate $34,500,000,000.1 The increase in debt during the year—$5,800,000,000, including bonds and cash to be paid out in connection with the bonus—will be the largest in the peacetime history of the country.

The deficit for the year will also register a new peacetime high. Secretary of the ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles