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ICRC Financial Situation

Published online by Cambridge University Press:  13 January 2010

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Extract

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.

Type
International Committee of the Red Cross
Information
International Review of the Red Cross (1961 - 1997) , Volume 6 , Issue 68 , November 1966 , pp. 601 - 612
Copyright
Copyright © International Committee of the Red Cross 1966

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References

page 601 note 1 See International Review, 11 1965.Google Scholar

page 601 note 2 The accounts as at December 31, 1965, summarized in the following tables, have been audited and approved by the Société fiduciaire romande Ofor SA, an auditing company recognized by the Swiss Federal Council and the Federal Banking Commission.

page 606 note * The Japanese Red Cross also remitted the ICRC in 1965 an additional amount of Sw. Fr. 3,800.—. This was incorporated into the Reserve for General Risks.