https://sputnikglobe.com/20221029/london-reportedly-mulling-extension-of-uks-foreign-aid-budget-freeze-for-extra-2-years-1102818041.html
London Reportedly Mulling Extension of UK's Foreign Aid Budget Freeze for Extra 2 Years
London Reportedly Mulling Extension of UK's Foreign Aid Budget Freeze for Extra 2 Years
Sputnik International
MOSCOW (Sputnik) - UK Prime Minister Rishi Sunak is considering freezing the United Kingdom's foreign aid budget for extra two years to balance the country's... 29.10.2022, Sputnik International
2022-10-29T05:09+0000
2022-10-29T05:09+0000
2023-05-28T15:25+0000
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budget
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In July it was reported that the UK Exchequer was suspending "non-essential aid spending" for countries other than Ukraine over fears of exceeding the spending limit. Last year, the UK government cut the overseas aid budget from 0.7% to 0.5% of GDP to facilitate the economy's post-COVID-19 pandemic recovery.According to the report, the UK government is considering extending the freeze on foreign aid spending by another two years until 2026-2027 to save some 4 billion pounds ($4.65 billion) a year.In late October 2021, Sunak, then-Chancellor of the Exchequer, said that the UK government was aiming to reverse the cut in the overseas aid budget to its usual level of 0.7% of GDP by 2024.
https://sputnikglobe.com/20221011/uk-chancellor-will-need-60bln-of-brutal-spending-cuts-to-fund-mini-budget-ifs-warns-1101708576.html
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London Reportedly Mulling Extension of UK's Foreign Aid Budget Freeze for Extra 2 Years
05:09 GMT 29.10.2022 (Updated: 15:25 GMT 28.05.2023) MOSCOW (Sputnik) - UK Prime Minister Rishi Sunak is considering freezing the United Kingdom's foreign aid budget for extra two years to balance the country's economy, British media reported on Friday, citing Treasury sources.
In July it was reported that the UK Exchequer was suspending "non-essential aid spending" for countries other than Ukraine over fears of exceeding the spending limit. Last year, the UK government cut the overseas aid budget from 0.7% to 0.5% of GDP to facilitate the economy's post-COVID-19 pandemic recovery.
11 October 2022, 10:27 GMT
According to the report, the UK government is considering extending the freeze on foreign aid spending by another two years until 2026-2027 to save some 4 billion pounds ($4.65 billion) a year.
In late October 2021,
Sunak, then-Chancellor of the Exchequer, said that the UK government was aiming to reverse the cut in the overseas aid budget to its usual level of 0.7% of GDP by 2024.