Chancellor announces increase in funding for international development
9 October 2007
Related page: 2007
Pre-Budget Report and Comprehensive Spending Review - Press Release
The Chancellor announced today an increase in the Department for
International Development’s (DFID) budget in the Government's
Comprehensive Spending Review (CSR). The Department's funding will rise
by an average of 11% in real terms to £7.9 billion a year by
2010-11. This represents a quadrupling of aid between 1997 and 2010.
This demonstrates the UK’s commitment to meeting the Government’s
promises to combat global poverty.
Alongside details of DFID’s settlement, the Chancellor also announced
today the projections for Official Development Assistance to 2010/11. It
will rise to over £9.1 billion by 2010/11, representing 0.56% of
the UK’s national income, in line with the European Union’s collective
commitment. This keeps us on track to reach our commitment of 0.7% Gross
National Income (GNI) by 2013 and demonstrates the UK’s commitment to
meeting the Government’s promises to combat global poverty.
Find more details in our Press
Release and the new
Public Service
Agreement for International Development also published today.
Related Links
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What the Comprehensive Spending Review means: |
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- more money for Africa – bilateral and multilateral spending will
more than double from £1.3 billion in 2004 to at least £2.6 billion by
2010;
- we will meet all our commitments made in 2005 to increase aid to
Africa;
- more money for meeting the Millennium Development Goals by 2015 and
specifically means we can deliver on our commitment to spend £8.5
billion on education by 2015 – which would pay for 10 years’ education
for 15 million children - and on health provide £1 billion by 2015 for
the Global Fund to fight AIDS, TB and Malaria;
- we will deliver our share of the G8’s promise to raise $50 billion
of aid a year by 2010 agreed at Gleneagles in 2005; and
- we are on track to meet our commitment to increase aid spending to
0.7% of our national income by 2013.
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