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UK foreign aid spending
Martin Armstrong,
In 1970 the UN General Assembly agreed to an international foreign aid spending commitment of 0.7 percent of a country's gross national income. As this infographic shows, the UK failed to come close to this target until the country itself explicitly committed to the 0.7 percent level in 2013. Since then this figure has been met each year and was made UK law in 2015.
Yesterday though, as part of his Spending Review, UK Chancellor Sunak announced plans to reduce the country's commitment to 0.5 percent - a cut which would equate to over £4 billion. The move has been met by significant backlash from MPs, including some senior members of the Conservative party. The government will bring forward legislation for the reduction, giving MPs a chance to vote against it.
The current economic situation led to the decision and Sunak has not set a date by which the 0.7 percent target would be restored - speaking to the BBC, the Chancellor said it would return "when fiscal circumstances allow".
Martin Armstrong
Data Journalist
martin.armstrong@statista.com
This chart shows UK spending on Overseas Development Aid as a share of gross national income from 1970 to 2019.
URL to be used as reference link:
https://www.statista.com/chart/23620/uk-oda-as-share-of-gni/
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