Overseas Aid - 21st Apr 2015 12:43pm
I don't know how,where and What on our overseas aid is spent on Although it seems silly to me that we give money to countries like India and Pakistan who have atomic weapons.
But what roles do politics and economics play in deciding how much money each country receives? And what exactly is that money being earmarked for?
In monetary terms, the UK now has the second highest aid budget in the world behind the US which spends £19.6billion. But that is just 0.19 per cent of its national income. France spends 0.36 per cent, and Germany 0.41 per cent.
The 28 DAC members spent a total of £81billion on aid last year – a record figure, but down in real terms. It means the UK's budget of £11.7 billion is a seventh of the entire total for the Western world.
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But what roles do politics and economics play in deciding how much money each country receives? And what exactly is that money being earmarked for?
In monetary terms, the UK now has the second highest aid budget in the world behind the US which spends £19.6billion. But that is just 0.19 per cent of its national income. France spends 0.36 per cent, and Germany 0.41 per cent.
The 28 DAC members spent a total of £81billion on aid last year – a record figure, but down in real terms. It means the UK's budget of £11.7 billion is a seventh of the entire total for the Western world.
click