III. THE BUDGET FOR THE FEDERAL PROGRAM FOR THE FISCAL YEAR 1947/ RECOMMENDATIONS FOR SPECIFIC FEDERAL ACIVITIES./ I. WAR LIQUIDATION AND NATIONAL DEFENSE./ (a) War expenditures:  The fiscal year 1947 will see a continuance of war liquidation and occupation. During this period we shall also lay the foundation for our peacetime system of national defense. In the fiscal year that ended on June 30, 1945, almost wholly a period of global war-fare, war expenditures amounted to 90.5 billion dollars.