This account represents outlays estimated in the Guatemala disaster assistance bill currently under consideration.

This amount is required to pay for the fiscal year 1977 annual installment needed to cover the unfunded liability of Agency for International Development foreign service employees who are now included in the Foreign Service Retirement and Disability System.

This account represents the fiscal year 1977 outlays from prior year appropriations for assistance to Portugal and the former Portuguese colonies.

This account represents the fiscal year 1977 outlays from assistance provided in prior years to assist Israel in constructing a prototype desalting plant.

Albert Schweitzer Hospital

[In thousands of dollars]

This item represents fiscal year 1977 outlays from prior-year funds provided for the Albert Schweitzer Hospital in Gabon.

This item represents fiscal year 1977 outlays from funds previously provided to the Social Progress Trust Fund.

This item represents fiscal year 1977 outlays of funds previously provided to the Inter-American Foundation, which carries out programs of social development in Latin America and the Caribbean.

This figure represents the estimated net between OPIC's revenues from fees and interest and its operating expenses.

This item represents estimated fiscal year 1977 outlays from prioryear funds to be provided to the International Fund for Agricultural Development, a multilateral fund currently under negotiation, to be established for the purpose of furnishing assistance to developing countries for agricultural development. The fund is expected to total $1 billion, of which the U.S. share would be 20 percent, or $200 million. An authorization of $200 million without fiscal year limitation has been enacted for this purpose in the International Development and Food Assistance Act of 1975.

This account represents fiscal year 1977 outlays from prior-year funds provided for completion of the Inter-American Highway.

1 Of this amount, $255,158,000 for repayment of principal is included in budget function 150, "International Affairs". The balance of $190,965,000 represents interest payments which are technically included in budget function 900, "Interest".

COMMITTEE COMMENT

This item represents payments of interest and repayments of principal from foreign countries on loans and credits provided under U.S. economic assistance programs.

These funds are deposited in the U.S. Treasury.

Public Law 480-the food-for-peace program-is of great value to the United States in a number of ways. It carries forward the humanitarian tradition of America in helping to feed hungry people. It promotes American farm exports. It aids in the implementation of U.S. foreign policy objectives with regard to friendly countries. It accomplishes these purposes through disposal of U.S. farm products deemed by the Secretary of Agriculture to be excess to commercial demand, and which are desired by the recipient countries.

The President's request for $1,169,255,000 in budget authority for Public Law 480 for fiscal year 1977 would provide for a program of $1,286,310,000 for the year-a reduction of more than $200 million from the fiscal year 1976 program of approximately $1.5 billion for Public Law 480.