Aid to Asia

Archive Report

Present Emphasis on Economic Aid to Asia

Increased emphasis was placed on economic assistance to free countries of Asia in the foreign aid estimates transmitted to Congress by President Eisenhower, Jan. 17, with the federal budget for the fiscal year 1956. The total of $3.5 billion requested for the mutual security program was slightly below what the administration asked last year, but it was about $700 million more than Congress actually appropriated. The proportion of new funds sought for military aid to Europe has declined sharply, while the share slated for economic assistance to underdeveloped areas in general, and to Asia in particular, shows a significant increase.

President Eisenhower said in his budget message that he would send a special message to Congress later,1 proposing overall ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles