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...international development bank, which would have $4 billion in capital and borrowing authority, and a technical-aid institute initially authorized at $1 billion. It would also double the current U.S. annual contribution of $500 million to the World Bank and other international aid institutions. The total outlay of federal funds for foreign economic aid would not necessarily increase at once, but the level of lending would be determined by the U.S. development bank rather than by Congress...

Author: /time Magazine | Title: Foreign Aid: Jumping into a Pool | 3/23/1970 | See Source »

...Supreme Soviet, Russia's rubber-stamp Parliament, met in the Great Kremlin Palace to approve the 1970 budget, and as usual, defense spending attracted the most attention. According to the official figures, the Soviet arms budget will rise only 1% to 17.8 billion rubles ($19.6 billion). The 1970 outlay will account for only 12.4% of the total $159 billion budget-the lowest share, the Soviets pointed out, in more than a decade...

Author: /time Magazine | Title: Soviet Union: Purposeful Budgetry | 12/26/1969 | See Source »

...goods and services it produced in 1900. So reports the Stockholm International Peace Research Institute. The rate is accelerating. During the 1949-68 period, world military spending rose an average 5.9% a year, but for the past three years it has shot up by 8.9%. The U.S. outlay has jumped from an average annual rise of 7.7% to 12%. Last year the U.S. spent $79.6 billion for military purposes, followed by the Soviet Union with $39.8 billion. Together the two countries account for some 70% of the world's military spending...

Author: /time Magazine | Title: Disarmament: The Cost | 11/28/1969 | See Source »

...Even before the Canadian strike, supplies of nickel were short. Inco, whose executives concede that production has not kept up with demand, is now spending about $150 million annually to increase its Canadian output from last year's 450 million pounds to 600 million in 1972. This capital outlay is larger than the $144 million that Inco earned after taxes on its sales of $767 million last year...

Author: /time Magazine | Title: Metals: The Big Nickel Shortage | 11/21/1969 | See Source »

...channeled through multilateral agencies like the World Bank; only 10% flows through such bodies at present. Another Pearson recommendation is that countries increase their aid to seven-tenths of one percent of their gross national product in five years. In the U.S., that would mean an annual foreign aid outlay of $8 billion by 1975. Even if Nixon seconded that motion, which is virtually unthinkable, there is no chance that Congress would go along...

Author: /time Magazine | Title: Foreign Aid: At Crisis Point | 10/10/1969 | See Source »

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