The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. State and local expenditures

Collection:: Economics Books

STATE AND LOCAL EXPENDITURES 3 this explanation is particularly applicable to the State of Missouri. Probably the most striking conclusion to be drawn from the data presented in Table 1 is that the expenditures of the state government in Missouri have in recent years' been on a level that is not at all comparable with the volume of expenditures in 1913 and 1918, the earlier years for which figures are presented. Changes in the purchasing power of the dollar account in part for the relatively large expenditures in the recent years when compared with 1913, but they do not account for the large differences between 1918 and the later years for which data are given. The gross total of expendi- tures amounted to $44.5 million in 1928, as compared with $7.6 million in 1913 and $13.0 million in 1918. In other words, gross expenditures in 1928 were almost six times as large as in 1913 and more than three times as large as in 1918. Gross expenditures in the peak year of 1925 amounted to $54.3 million, an amount more than seven times as large as the gross total for 1913. Similar comparisons may be made of net expenditures? using the data presented in Table 1. TasLe 1: Summary oF EXPENDITURES OF THE MISSOURI State GovErRNMENT, 1913, 1918, anp 1923-1928 Computed by National Industrial Conference Board Index Numbers| Base: 1913 = 100 Whole-' sale Prices ndex Num- bers dase: 913 = 100 Index Numbers 1913 = 100 Current | Dollars 1913 Dollars Cur- rent Dol- lars 1913 Dol- are Current Dollars 1913 Dollars Cur- rent Dol Tare 1913 Dol- lars 100.0 91.1 402.1 449.2 482.3 496.4 100.6 140.0 158.567. 525]27.545.44¢ os I Converted to the 1913 base from the revised series of the U. S. Bureau of Labor Statistics, currently computed relative to the base 1926=100, ® Totals in current dollars from Table 2. 1The fiscal year of the Missouri state government ends December 31; hence where state finances are concerned “year” is used instead of “fiscal year. 2 Net expenditures differ from gross expenditures in that payments for interest and debt redemption are included in the latter but not in the former. oa

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