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B-156489 1 (1973-07-06)

handle is hein.gao/gaobaafyq0001 and id is 1 raw text is: , D ~> y ttOf~ apua off 0PROLLER GEENIERAL Oi THENiTE S WASHINGION, D.C. 2 0.48 ~~~RELEASED [lil~llllllllllllllll B- 1 6/i V) LM096150 JUAy 6 1973 Th lion,- alIe Benjami n S. Rosentha I Chaliirman, SUbcommitt, on Europe c. Co emi ttee on Fore'i gni Affairs United SLates House of Representatives BESI-TAVAII AR! Dear Mr. Chairmniin BEST DF, O N V~ R On March 5, 197, you requested an evaluation and update of a statistical. table exchajgdij &. Alik-£iey gaz aot-o_ _,(NAO). You also asked for our judge- ment of certain effects of the 1971 and 1973 dollar devaluations on U.S. costs in NATO and foreign military purchases. In May 1973, your staff requesLed us to aiso include comments on the Department of Defense computation of the net balance of payments costs in NATO. The following information is provided in response to your request. NET FOREIGN EXCHANGE STATISTICS The enclosed tables (tables 1, 2, and 3) update the 1971 estimated data you provided us on a.Sr. yo eutJa..associated with U.S. forces in Europe. These tables also contain dollar outlays and foreign military purchases that were omitted from the information you gave us. The tables reflect a net foreign exchange cost as follows: Calendar Year Cost (millions) 1970 $ 1,096.8 1971 $ 1,014.8 1972 $ 1,701.9 Information provided by the Department of Commerce was used to construct thu enclosed tables. We were advised by C(orrgerc* officials that this information is reported quarterly t the Department of Commerce by the Department of Defnse. (DU0)), j'nd Ihat figures for the last quarter of 1972 are preliiniairy a ,t' Mar-ch 1u73. The data on foreign military p,,,,., . e( ,cdi u, to the Department of Commerce, reIprL'-t'IL )ctuj1 dii i , )'i, , ')t ,.U'j)M)kL and not total purchases for the yeirs shown, i , -:1 hi, iS bUcause, for sales to most EuropIe:1 cVt .- , . i ,, c Io.w Ly associated ~-~rf0%O

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