text: single resolution, this time unanimously, on this problem, which will make it possible for the Conference on Disarmament in Geneva to begin real negotiations to arrive at concrete agreements for the prevention of the militarization of outer space. NR/emv A/C.l/40/PV .S 61 (Mr. Marinescu, Romania) In order to put an end to the arms race it is necessary to take action towards the freezing and reduction of military budgets. we stress the need to freeze and reduce military budgets, not only because of the positive political results this would have but also because the practical results would have a very favourable effect as regards the settlement of other major problems now confronting mankind . Perhaps no other disarmament issue is so closely connected with the relationship between the two fundamental issues of the world of today, disarmament and development . We are very pleased that more and more Governments are beginning to pay greater attention to the question of the reduction of military budgets. The views expressed and the proposals made, although based on different approaches, reflect in the final analysis a concern which seems to us to be normal and inevitable about the damaging effects of this phenomenon, for which sooner or later a remedy must be found. We are convinced that the efforts of the United Nations Disarmament Commission to harmonize the positions of States in order to facilitate realistic negotiations on the freezing and reduction of military budgets are more important than ever before. we believe that, by virtue of the decision adopted by the Disarmament Commission in 1985, it will be possible, through joint efforts, to contribute to the speeding up and completion of the preparation of principles for the freezing and reduction of military expenditures, so as to begin specific negotiations 
analysis: The text discusses the need to reduce military budgets and the effects it has on disarmament and development. The focus is on the economic and political implications of military spending, rather than on specific industries or sectors. The text also mentions the relationship between disarmament and development, suggesting a broader economic and social context.