European Stars And Stripes Newspaper Archives Jan 19 1962, Page 5

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European Stars And Stripes (Newspaper) - January 19, 1962, Darmstadt, Hesse19, a the stars and stripes Rise further in later Yeasas loan commitments for develop ment projects Are drawn upon. To make our assistance More effective or. Kennedy said in creasing emphasis is being place Don self help measures and Neces sary reforms in these countries efforts will also be made to Foster More effectively the contribution of private Enterprise to development through such Means As investment guarantees and assist Ance for surveys. Of investment opportunities the presidential budget grave no country by country. Or regional breakdown on How next year s Ai funds would be spent however or. Kennedy did Tell Congress the United states will put More than $1 Blytton into the Alliance for Progress Aid program to Aid Latina Erica in fiscal 1963, the rate at which assistance i extended to latin America will of course depend upon the Progress made in self help Jed Teco Omic planning he a Aldrin his me Asage. The administration i seeking a authorization ot3 a Lon to cover development loan and Grants i support of the Alliance within the next four years with an initial appropriation of $600,million, recommended for 1963"it sin addition substantial can ten used development Loans Are expected from the Export import Bank and from uj5. In Nils no administered by the. Into Aji Wrbican de or. Kennedy Ald. Gry together to hued flow of under the food for peace program will mean support for the. Alliance for Progl Remi liit$8substantially exceeding Bullon Edy ties to less gain n a said record smash Cains will Send i profits to new Heights to 4 per cent a fiscal 1963 budget. Surplus of $463 St by or. to Cong res on an assumed jump$13 billion or 13 be this year s tax reve one year Rise has no. Loeptin world War collections were doubled int of wartime pro and Steep tax pm told Congress he brisk recovery from recession will continue the coming year and be carry National out Idar 1362 to $570 Biln increase of near from 1961. End corporation prof level of $56.5 billion it predicted and Uncle pocket about Elf of that of individuals will billion in the year to a lie t High of $448 billion or Ald. Then he added in Colbert Ion will Rise $ As a result and excite la will increase As these Are spent. Production Rise administration has Onset and Gonema on a production 1 per Emte cd Quarter the 2.5 per cent Quarter actually recorded since ing. Of Advance would re rate of unemployment to Bitely 4 per cent of the labor Force by la end of3, or. Kennedy said. A cent it what the and an Lias called us in on the Road to full at. Its attainment would lne third decrease in Job in 18 months. The rate i per cent and was 8j per cent most of last Ince Ruthue president acknowledged ties in such forecast be growth estimates Are he said the surplus will this would help re Ilion. The other hand the recovery unexpectedly is reversed Revenue below the current Estl a deficit probably it moderating the cd a showdown the message and . Aims for Mastery space request up $2.4 billion Washington 71.4 Mir let 7 Jo-6 7,1 66.2 1.6 tur Lvi rs3 �2 � s7.8 74.3 is sit us to rid we let a it 941 hero Ishow your Federal lax Dollar will Ixo spent under Pron ident Kuti Tiedy to fiscal 1963 budget National Security. Including Spac and foreign Aid 68 cents interest on Federal debt 10 Cento veterans 6 cents far programs 6 cents health and vol fore 6 Cut All other 9 this is Xiv Horn the budget Dol Lar comes from income lax 53 Centt Corpora Tion Iti i a 28 cent excise Alc taxes 11 cents other sources 8 rents lion for the defense department,5192.0 million for the dec 547,2 million Tor the weather Bureau

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