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Updated: June 9, 2025
Expenditures under the appropriation for salaries and expenses of the Veterans Administration are estimated at 528 million dollars in the fiscal year 1947. This includes 260 million dollars for medical care and the operation of some 103,000 hospital and domiciliary beds.
The Budget total for the next fiscal year, the year that ends on June 30, 1947, is estimated at just above 35.8 billion dollars-about a third of the budgets for global war, although nearly four times the prewar budgets. This estimate is based on the assumption that a rapid liquidation of the war program will be associated with rapid reconversion and expansion of peacetime production.
Any additional information that might have been developed during later investigations and analyses was not released. There is a great deal of interest in UFO's and the interest shows no signs of diminishing. Since the first flying saucer skipped across the sky in the summer of 1947, thousands of words on this subject have appeared in every newspaper and most magazines in the United States.
Differential treatment which benefits one type of transportation to the detriment of another should be avoided save when it is demonstrated clearly to be in the public interest. Total capital outlays for resource development are estimated at 653 million dollars in the fiscal year 1947 as compared with 452 million dollars in 1946.
The total includes net outlays of Government corporations. The estimated expenditures in the next and current fiscal year compare as follows with those of a year of global war and a prewar year: Total Budget expenditures Although allowances for occupation, demobilization, and defense are drastically reduced in the fiscal year 1947, they will still amount to 42 percent of the total Budget.
In the present section I shall indicate the Federal outlays which the execution of these programs may require in the fiscal years 1946 and 1947. Credits for this purpose have already been extended to Soviet Union, France, the Netherlands, and Belgium amounting to 675 million dollars.
In the field of labor legislation, only a law that merits the respect and support of both labor and management can help reduce the loss of wages and of production through strikes and stoppages, and thus add to the total economic strength of our Nation. We have now had 5 years' experience with the Labor Management Act of 1947, commonly known as the Taft-Hartley Act.
Early in 1945 the Congress made available advances to State and local governments for planning public works projects, and recently made additional provision to continue these advances through the fiscal year 1946. I believe that further appropriations will be needed for the same purpose for the fiscal year 1947. The Congress has already made provision for highway programs.
Either case called for a serious, secrecy-shrouded project. Only top people at ATIC were assigned to Project Sign. Although a formal project for UFO investigation wasn't set up until September 1947, the Air Force had been vitally interested in UFO reports ever since June 24, 1947, the day Kenneth Arnold made the original UFO report.
Government agencies and trust funds are expected to buy about 2.5 billion dollars of Government securities during the next 6 months, and 2.8 billion dollars more during the fiscal year 1947. Through these and other debt operations, the distribution of the Federal debt among the various types of public and private owners will change, even though the total is expected to decline.
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