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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
Secretary of State Dulles announced in Washington that the US administration will request about $4,900,000,000 in foreign aid from Congress, including a $100 million special fund for the Soviet-threatened Middle East. The request exceeds this year's program by $2,700,000,000 to maintain military supply pipelines, though actual spending will rise only $200 million.
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$4,900,000,000
In Foreign Aid
WASHINGTON, (AP)—Secretary of State Dulles announced Tuesday the administration will ask Congress for a foreign aid appropriation of about $4,900,000,000. It would include a special presidential fund of $100 million for use in the Soviet-threatened Middle East.
Dulles told a news conference he regretted very much a misunderstanding which he said had given congressional leaders the impression that the program to be submitted in January would be about the same as that voted this year.
Dulles said the new money request will cover both military and economic aid and that the jump of about $2,700,000,000 over this year's program is to be explained in large part by a need to keep the pipeline of military supplies full.
He drew a distinction between appropriations and prospective expenditures, explaining that actual spending on foreign aid will be only $200 million more than the present fiscal year, ending next June 30.
The money appropriated, but not to be spent in the new fiscal year, would add to the reserve of foreign aid spending authority for use in future years. It would raise this to about $7 billion.
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Domestic News Details
Primary Location
Washington
Event Date
Tuesday
Key Persons
Outcome
the appropriation request includes $4,900,000,000 for military and economic aid, with $100 million special fund for middle east; actual spending to increase by $200 million; reserve to reach $7 billion.
Event Details
Secretary of State Dulles announced the administration will ask Congress for a foreign aid appropriation of about $4,900,000,000, including a special presidential fund of $100 million for the Soviet-threatened Middle East. He regretted a misunderstanding giving congressional leaders the impression the January program would match this year's. The request covers military and economic aid, jumping $2,700,000,000 over this year to keep military supplies pipeline full. Actual spending will be only $200 million more than the fiscal year ending June 30, with unspent funds adding to future reserves up to $7 billion.