UN General Assembly
1953

58. The Appropriations Committee of the United States Senate has approved a bill providing for the appropriation of $34,500 million for military expenditure in 1954. To this amount must be added the unexpended appropriations from previous years which total close to $100,000 million — either 91,000 or $97,000 million, I am not sure of the exact amount. The very structure of the budgets evidences the fact that their chief purpose is to finance measures designed to put into effect plans of aggression. In his speech before the Chamber of Commerce at Minneapolis on 10 June of this year, the President of the United States confirmed that two out of every three dollars spent by the Federal Government were spent for military purposes. During the year 1952 to 1953, the military expenditure of the fourteen member countries of the North Atlantic bloc totalled $63,000 million dollars as against $18,000 million in 1950.