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Updated: August 1, 2026
Since V-J day Federal expenditures have been sharply reduced. They have been cut from more than $63 billion in the fiscal year 1946 to less than $38 billion in the present fiscal year. The number of civilian employees has been cut nearly in half from 3 3/4 million down to 2 million. On the other hand, Government revenues must not be reduced.
Since V-J day Federal expenditures have been sharply reduced. They have been cut from more than $63 billion in the fiscal year 1946 to less than $38 billion in the present fiscal year. The number of civilian employees has been cut nearly in half from 3 3/4 million down to 2 million. On the other hand, Government revenues must not be reduced.
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