IRRC No. 68
ICRC Financial Situation
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Abstract
The Expenditure and Receipts Account for 1965 shows a deficit of Sw.fr. 843,643.30 for a total expenditure of Sw.fr. 5,138,598.75, whereas the deficit forecast for the same period amounted to Sw.fr. 1,061,500.—. The improvement on the estimates reflects the International Committee's unremitting efforts to ensure constant economy in administration. None the less, the scope of the tasks incumbent upon it and their continual recurrence as a result of fresh conflicts each year reveal the Committee's inadequate financial basis which consistently threatens the institution's very existence.