UK PM Sunak could freeze foreign aid for two more years, says report | World News,The Indian Express
The government had cut its foreign aid spending two years ago as the country faced a huge hit to public finances due to the coronavirus pandemic.
Britain’s spending on foreign aid is set at 0.5% of national income. The government had cut its foreign aid spending two years ago as the country faced a huge hit to public finances due to the Coronavirus pandemic.
“All spending decisions will be considered in the round by the Prime Minster and Chancellor at the Autumn Statement,” a UK Treasury spokesperson said in a statement.
Sunak, who was finance minister at the time, had said last year that foreign spending should return to 0.7% of economic output by 2024-2025.
However, according to the Telegraph report, officials are considering extending the foreign aid spending cut by another two years to 2026-2027.
The report added there was scope for deeper cuts along with an option to peg foreign aid spending to inflation for three years in the future.
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