§ Mr. Juddasked the Minister of Overseas Development what percentage of national income was represented by the flow of financial resources to developing countries in the last two years for which figures are available; and how the figures are made up.
§ Mr. BottomleyThe following is the information on the basis adopted by the Development Assistance Committee of the Organisation for Economic Co-operation and Development. The 1965 figure for private investment represents an upward revision from earlier estimates. Estimates for this item are subject to revision well after the close of the year to which they relate.
£ million 1964 £ million 1965 1. National Income (net national product at factor cost) 26,663 28,332 2. Official aid (net of capital repayments) 175 172 3. 2 as percentage of 1 0.66 0.61 4. Private investment (net of disinvestment) 101 148 5. 4 as percentage of 1 0.38 0.52 6. Net change in amount of private export credits under Government guarantee of over one year's maturity 49 36 7. Total flow of official and private resources (2, 4 and 6) 325 356 8. 7 as percentage of 1 1.22 1.26