Global S&T Development Trend Analysis Platform of Resources and Environment
The UK’s Reduction in Aid Spending | |
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2021-04-14 | |
发布年 | 2021 |
语种 | 英语 |
国家 | 加拿大 |
领域 | 地球科学 |
正文(英文) | In the Spending Review last November, the government announced that 2021 overseas aid expenditure would be 0.5% of national income – a 29% reduction on the legislated 0.7% target which was met each year from 2013 to 2020. Although as a share of national income UK aid spending will remain high by international and historical standards, this is a substantial reduction on 2020 of an estimated £3.5 billion, and comes on top of a £0.7 billion reduction between 2019 and 2020 as the UK economy contracted. In this briefing note, we review what this shift in policy means for overall aid spending, effective management of the aid budget, and the broader public finances. The government has stated that it is a temporary shift in policy; we consider how the fiscal outlook and other government spending decisions interact with the aid budget, and discuss the implications of uncertainty over the aid budget going forward. Key findings
This paper was originally published by the Institute of Fiscal Studies. |
URL | 查看原文 |
来源平台 | Canadian Institute of Mining, Metallurgy and Petroleum |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/322709 |
专题 | 地球科学 |
推荐引用方式 GB/T 7714 | admin. The UK’s Reduction in Aid Spending. 2021. |
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