MUTUAL DEFENSE AND DEVELOPMENT-Con. General and special funds-Continued INFORMATIONAL FOREIGN CURRENCY SCHEDULES-continued Financing: Recovery of prior year obligations. Adjustment due to changes in exchange rates.. Authorization to spend foreign currency receipts: Permanent (86 Stat. 832). Relation of obligations to expenditures: Receipts and other offsets.... Obligations affecting expenditures. Expenditures... Expenditures are distributed as follows: AGENCY FOR INTERNATIONAL DEVELOPMENT 21.0 Travel and transportation of persons. 22.0 Transportation of things... 23.0 Rent, communications, and utilities. 25.1 Other services__ 26.0 Supplies and materials. 31.0 Equipment...-- 33.0 Investments and loans.. 41.0 Grants, subsidies, and contributions.... 1964 Total obligations, Agency for International Development....... 488 189 299 15,574 Object Classification (in thousands of dollar equivalents) 1964 actual 2,310 110 153 416 19,176 7,200 23,141 15,891 15,574 15,891 15.574 23,446 13,232 --8,990 26,105 19,816 -15,574 24,000 18,500 1965 1966 estimate estimate Total obligations.. Through 1961, a portion of the mutual security dollar appropriations was used to purchase surplus agricultural Relation of obligations to expenditures: commodities which were then sold to friendly countries for their currencies. Sales of these commodities are now being made through the Food for Peace program. Local currencies accruing from the sales through 1961 under the mutual security program are deposited in a special account and are used for economic and military activities in furtherance of objectives of the U.S. foreign assistance program. These activities include the local costs of projects, budget support of the less-developed countries and procurement of supplies and equipment for third countries. 275 315 136 156 140 160 1,365 1,561 58 152 132 271 310 11,390 12,862 13,759 15,574 In 1961, the Alliance for Progress was formed to launch a hemispheric effort, in which the United States joined as a partner, to stimulate and accelerate the development of the Americas through programs of social and economic reform. In support of this effort, the United States makes loans to finance the development activities necessary to achieve self-sustained growth. Through 1965, the Congress has appropriated a total of $1,416.8 million for these loans. The nations of Latin America have subscribed to the Charter of Punta del Este and are pledged to seek reforms and institute self-help measures contributing to the development effort. U.S. assistance is supplemented by assistance from other nations, international organizations, and our own private investors, foundations, and educational institutions. Total Alliance for Progress appropriations of $580.1 million are proposed for 1966. Of this amount, $495.1 million shown in this schedule will be available for loans. Administrative reservations 1 Balances of selected resources are identified on the statement of financial condition. 2 Excludes deferred interest receivable. 1964 actual Revenue.. Expense 1 1 1965 1966 estimate estimate Costs and obligations Net operating income for year. Retained earnings, start of year.. Retained earnings, end of year 2 The remainder is for technical coorperation and appears under Grants and Other Programs. Revenue, Expense, and Retained Earnings (in thousands of dollars) 441,068 555,953 -6,876 -10,066 115,962 197,100 231,853 -3,382 -2,100 -3,853 1965 1966 estimate estimate 3,876 7.066 118 125 2,422 3,758 6,941 1,610 4,032 7,790 4,032 7,790 14,731 1 For pro rata share of expenses of Office of Inspector General, Foreign Assistance. Other administrative expenses for Alliance for Progress-Development Loans are to be financed by the regular appropriation for administrative expenses of the Agency for International Development. 2 Includes deferred interest receivable. |