OCR Text |
Show Total U. S. Foreign Aid Hits $105 Billion Or $700 for Each Person in Entire Country If the Administration expends all of the funds currently authorized auth-orized for foreign aid, the United Unit-ed States will have allowed foreign for-eign countries $105 billion in economic and military assistance since July 1, VMD. That sum represents rep-resents $700 for each man. woman wo-man and child in the I'nited States and is an amount equal to 10 per cent of our $250 billion bil-lion national debt. According to a recent report compiled by the Legislative Reference Ref-erence Service of the Library of Congress, between July 1, 1910 and June 30, 1051, we have expended ex-pended SKU.3 billion and have received reimbursements or al lowed credits totaling only $12.1 billion. Eliminating some S3.3S3 billion in the International Hank and Fund on the grounds that it might be considered an investment, invest-ment, the report notes that some $71.5 billion is currently outstanding out-standing in foreign aid, or an average of $171.50 for each person per-son in the I'nited States. The probable future program is indicated by the tabulation of authorized aid appearing in the November issue of "Current Business," Bus-iness," published by the Department Depart-ment of Commerce. The department depart-ment publication notes that some $18.5 billion have been authorized for foreign aid and not yet expended, including the $7.3 billion recently voted by the 82nd Congress. This amount will raise the Library of Congress figure to $105 billion, when ex- ponded. The Library of Congress report re-port notes that the aid in fiscal year 1051 totaled $1.7 billion, In 1050, $5,037 billion an din 13-15, $t'). l billion. The average expenditure expendi-ture for foreign aid in the 5 years between 1010 and 1945 was $9.8 billion and between 1915 and 1050, $5.6 billion. Although a substantial amount of the aid was made during the World War II years, S3C.I billion, or 11 per cent of the total aid extended in the past 11 years, has been given during the six postwar years. |