Abstract: A paper cutting apparatus in a small-sized printer for issuing vouchers or receipts having a cutter base with a paper inlet in one side, a fixed cutter installed on an upper surface of the cutter base, and a cutter cover installed on the upper portion of the cutter base to define a space with the cutter base. A movable cutter is installed on an upper side of the cutter base and has an upright shaft pin connected to a driving mechanism. A guide unit is provided at the lower portion of the movable cutter to produce rectilinear movement of the movable cutter. The driving mechanism includes a driven cam installed on the cutter cover and receiving the shaft pin for moving the movable cutter. A compressive unit contacts the upper surface of the movable cutter to apply a resilient pressing force on the movable cutter to keep it in contact with the fixed cutter during the paper cutting operation.