Declassified per Executive Order 13526, Section 3.3
NND Project Number: NND 63316. By: NWD Date: 2011
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sold for local currency. The agreed budget and financing for FY 60 was as follows:
| FY 60 | |
| US Contribution | 155.5 |
| GVN Contribution | 12.5 |
| TOL GVN Defense Budget | 168.0 |
Prior to the initiation of the CIP, the GVN proposed a defense budget of $177 for FY 61. No agreement has been reached between the USG and GVN as to provisions of funds for this budget. Prior to the development of the Program of Action for Vietnam anticipated expenses associated with the implementation of the Counter-Insurgency Plan, and other requirements, made it necessary to increase the earlier estimate of GVN Defense Budget for FY 61 to $212.0. The status of funding of this amount is as follows: ICA has agreed to provide $134.0 and GVN has agreed to provide $20.0 leaving a short-fall of $58.0. The Country Team has recommended that US contribute an additional $19.0. If this were approved, it would raise the total FY 61 US contribution to $153.0 million, but would still leave a short-fall of $39.0 million. Mr. Thuan (GVN Secretary of State for the Presidency and Minister of Defense) stated on 24 March 1961 that the GVN would like to receive more American aid, but if this were not possible the GVN will have to choose between the Communist danger and the danger of inflation. The
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