Public Assistance Hearings
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چکیده
ministrative expenses would be $1,433 million. Receipts and expenditures for that year, under present and proposed legislation combined, would be $4,018 million and $2,300 million, respectively, making possible the acquisition of new securities amounting to $1,718 million. The total assets of the trust fund are expected to reach $13,033 million by June 30, 1950, and $14,751 million by June 30, 1951. The unemployment trust fund is directly affected by the levels of business activity and employment. The estimates of the operations of the trust fund contained in the Budget are based on assumptions of high employment in 1950-51. Receipts for 1949-50 and for 1950-51 are estimated at $1,180 million and $1,358 million, respectively; expenditures for these years are estimated at $2,034 million and $1,570 million. The net change in the fund as estimated represents a decrease in assets. Anticipated assets
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