Year
Total ILO Income Budget
UK
UK payment
UK payment
(US Dollars)
percentage of Budget
(US Dollars)
(£ Sterling)
1970
29,835,500
9.14
2,726,965
1,136,235
1971
31,265,349
9.12
2,851,400
1,188,083
1972
34,824,141
8.82
3,072,623
1,173,877
1973
34,816,098
8.27
2,881,020
1,161,409
1974
45,134,500
7.78
3,511,464
1,446,000
1975
45,134,500
6.55
2,956,310
1,267,000*
2.
*Estimated on basis of present official exchange rate
of Dollars 2.3332 = £1
It will be seen that though the total annual income budget
of the ILO since 1970 has increased substantially the UK
contribution both in terms of US dollars and sterling has kept
reasonably steady. This is principally due to the reduction of
the assessed percentage applicable to the UK in the scale of
contributions.
ILO Technical Assistance Programmes
3. Only a small part of the ILO technical assistance programme
is financed from the Regular Budget. Expenditure in the biennium
1970-71 amounted to $4.178 million and in 1972-73 to $2.684 million.
This sharp decline was due to the financial difficulties resulting
from the delay in the payment of the US contribution to the Budget.
It is estimated that expenditure in the biennium 1974-75 will be
about $4.7 million. By far the larger part of ILO technical
assistance is financed by UNDP with the ILO acting as an agent for
the execution of projects. Expenditure in 1970-71 and in 1972-73
held steady at around $60 million. It is however estimated that
the biennium 1974-75 will show a slight decline to $56.5 million.
/On
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