UN General Assembly
1974

114. As you know, the general climate of development assistance has continued to deteriorate. Public assistance for the development of member countries of the Development Assistance Committee of the Organization for Economic Co-operation and Development has shown a drop in real terms and as a percentage of the gross national product. Accordingly, for all those countries the percentage of the gross national product devoted to government assistance fell from 0.34 per cent in 1972 to 0.30 per cent in 1973, even though the International Development Strategy for the Second United Nations Development Decade had established a target of 0.7 per cent [see resolution 2626 (XXV), para. 43]. Total contributions, including export credits, loans, private investments and donations from benevolent organizations, amounted to 0.78 per cent of the gross national product, the same percentage as in 1972.