He warned his people that a major national effort is required to root out corruption and incompetence at all levels of government. We applaud this evidence of determination on the part of South Vietnam. Our first priority will be to support their effort. We shall accelerate the re-equipment of South Vietnam's armed forces in order to meet the enemy's increased firepower. And this will enable them progressively to undertake a larger share of combat operations against the Communist invaders.
On many occasions I have told the American people that we would send to Vietnam those forces that are required to accomplish our mission there. So with that as our guide we have previously authorized a force level of approximately 525,000. Some weeks ago to help meet the enemy's new offensive we sent to Vietnam about 11,000 additional Marine and airborne troops. They were deployed by air in 48 hours on an emergency basis. But the artillery and the tank and the aircraft and medical and other units that were needed to work with and support these infantry troops in combat could not then accompany them by air on that short notice.
In order that these forces may reach maximum combat effectiveness, the Joint Chiefs of Staff have recommended to me that we should prepare to send during the next five months the support troops totaling approximately 13,500 men. A portion of these men will be made available from our active forces. The balance will come from reserve component units, which will be called up for service.
The actions that we have taken since the beginning of the year to re-equip the South Vietnamese forces; to meet our responsibilities in Korea, as well as our responsibilities in Vietnam; to meet price increases and the cost of activating and deploying these reserve forces; to replace helicopters and provide the other military supplies we need, all of these actions are going to require additional expenditures. The tentative estimate of those additional expenditures is 2 1/2 billion dollars in this fiscal year and 2 billion, 600 million in the next fiscal year. These projected increases in eXPenditures for our national security will bring into sharper focus the nation's need for immediate action, action to protect the prosperity of the American people and to protect the strength and the stability of our American dollar.
On many occasions I have pointed out that without a tax bill or decreased eXPenditures, next year's deficit would again be around $20 billion. I have emphasized the need to set strict priorities in our spending. I have stressed that failure to act -- and to act promptly and decisively -- would raise very strong doubts throughout the world about America's willingness to keep its financial house in order.
Yet Congress has not acted. And tonight we face the sharpest financial threat in the postwar era -- a threat to the dollar's role as the keystone of international trade and finance in the world.
Last week, at the monetary conference in Stockholm, the major industrial countries decided to take a big step toward creating a new international monetary asset that will strengthen the international monetary system. And I'm very proud of the very able work done by Secretary Fowler and Chairman Martin of the Federal Reserve Board. But to make this system work, the United States just must bring its balance of payments to -- or very close to -- equilibrium. We must have a responsible fiscal policy in this country. The passage of a tax bill now, together with eXPenditure control that the Congress may desire and dictate, is absolutely necessary to protect this nation’s security, and to continue our prosperity, and to meet the needs of our people.
Now, what is at stake is seven years of unparalleled prosperity. In those seven years, the
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