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Administration underspending cited at 7.6 billion
The Ford administration reported a 7.6 billion shortfall in the past three months, with defense alone underspending by 3.6 billion. Officials cautioned about unclear impact on 1977 yet noted slower growth may be linked to reduced government purchases. Economists from Brookings warned the slowdown could affect budget plans ahead. Outlays totaled 34.5 billion for July through September, receipts 318 billion, leaving 12.7 billion deficit.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Defense Department
Administration Budget Agency
Treasury
William £. Simon
James T. Lynn
George L. Perry
Brookings Institution
Perry
Peery
Simon and
Lynn