Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1968 It has been a major objective of policy during the past year to reverse decisively the trend toward larger deficits in our internal budget and in our international balance of payments, while continuing to sustain the current economic expansion. Despite the delay in enactment of the fiscal restraint program until late June, encouraging progress has been made toward the achievement of a better degree of financial balance and the economy continues to expand vigorously. Enactment of the fiscal restraint package in late June marked a significant change in the national financial position. The budget deficit, which had become excessively large, was turned decisively in the direction of balance. Internationally, the enactment of fiscal restraint greatly strengthened foreign confidence in the dollar. Our balance of payments has shown steady improvement during the course of the year and a small surplus was actually registered on the liquidity basis during the third quarter - the first such quarterly surplus in 3 years. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.