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Thursday, 21 September 1972
Page: 1857

Mr Whitlam asked the Treasurer, upon notice:

Will he bring up to date the information which he provided on 13th October 1971 (Hansard, page 2334) concerning net flows of official and private resources to developing countries.

Mr Snedden - The information requested by the honourable member is set out in the following table:


These figures are based on data compiled by the Development Assistance Committee of the OECD - they are not final and may be subject to minor modifications.

The figures quoted above for official flows differ from those contained in Statement No. 8 attached to the Budget Speech for 1972-73, because the latter relate to official development assistance only and do not include official loans or export credits extended on non-concessional terms or subscriptions to bonds issued by international institutions like the World Bank and the Asian Development Bank which bear market rates of interest.

Some of the 1971 figures have been modified recently by the DAC and accordingly differ from those contained in Statement No. 8. Similarly, the 1970 figures have been revised by the DAC with the result that some of them differ from those provided in answer to the honourable member's question in October last.

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