Fiscal Year 1994 Foreign Relations Authorization Act Budget Requests Hearing

Cover Fiscal Year 1994 Foreign Relations Authorization Act Budget Requests Hearing
Fiscal Year 1994 Foreign Relations Authorization Act Budget Requests Hearing
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VOLCKER. We did not come down with a hard recommenda- tion on that. We said maybe these things are getting so frequent and so numerous that countries would prefer to do it annually and they ought to look at it with a joint appropriation. That has prob- lems, I think, because you do not know how big the operations are going to be. You have to guess.
You have to guess now, or estimate, when you know what the op- eration is. If you do it on a joint basis, the idea is you will make some allowance f
...or operations you do not yet know exist, which cre- ates a big new area of uncertainty. It implies a little less scrutiny, I think, by national governments of each operation, uniquely.
You can argue that is desirable in the interests of efficiency and budgeting efficiency, or you can argue that it loses a little over- sight. We did not exactly evade the issue, but we raised the ques- tion as to which way governments would prefer to go, and they ought to consider that consciously. We did not go to the extent of saying yes, go toward a collective budget.


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