812             FOREIGN RELATIONS, 1950, VOLUME I

penditures (see Table IV). It is estimated that expenditures on for-
eign aid for fiscal 1950 will constitute 13.8 percent of total estimated
expenditures and will exceed the estimated deficit for the current year
by $1/2 billion.

                               Table I
 U.S. GOVERNMENT FOREIGN AID UTILIZED IN THE POSTWAR PERIOD

              BY TYPE OF AID AND BY GEOGRAPHICAL AREA
                            (in billions of dollars)
                                                Fiscal years
                          Total
        Type or area     postwar   1950    1949    1948    1947    1946
                         aid (est.)  (Est.)
 Total postwar aid
     (est.) .......... ..$29.4    $6.0    $6.3    $5.4    $6.2     $5. 5
   By type of aid:
     Grants ....... ,     18.7     5.4     5.2     2.7     2.1      3.3
     Credits-...   ..... 10.7      0.6     1. 1    2.7     4.1      2.2
   By geographical
       area:
    ERPcountries .        21.3     4.8     5.0     4.2     4.1      3.2
    Asia......... . ..4.9          0.9     1.0     0.8      1.0     1.2
    Latin America   .      0.5     0. 1    0. 1    0.1     0.1      0.1
    All-other .....        2.7     0.2     0.2     0.3      1.0     1.0

    Note:  Transactions of the International Bank and the Interna-
tional Monetary Fund are not included in this Table. In the postwar
period (through September 30, 1949), U.S. dollar disbursements of
these organizations to foreign countries totaled $1.3 billion.
   Components will not necessarily add to totals due to rounding.

                               Table II
         FOREIGN AID IN THE U.S. BALANCE OF PAYMENTS

                            POSTWAR PERIOD
                            (in billions of dollars)
                                              Means of financing
       Fiscal year    Total exports
                                           U.S. Gov't. Liquidation
                                Total imports aid (net)  of gold and  Other
*
                                                       dollars
Total. .......... . ..$67. 4      $35. 3    $22. 2     $6. 6     $3. 2
  1949 . . .. .......    16.8      10.5       5.7       0.2       0.4
  1948 . . .. .......    18.3       9.4       4.6       3.1        1.3
  1947 . . .. .......    17.7       7.9       5.7       3.5       0.6
  1946. . .........      14.6       7.6       6.3     -0.3         1.0

  Note:    Components will not necessarily add to totals due to
rounding.
  *Data in this column reflect U.S. net private remittances, U.S. net long
and
short-term capital outflow, errors and omissions, and dollar disbursements
by the
International Monetary Fund and the International Bank. [Footnote in the
source text.]