Development Aid
(asked on 7th January 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the most recent quarterly Gross Domestic Product growth figures published by the Office of National Statistics on levels of available Overseas Development Aid spending for 2025.
This question was answered on 9th January 2025
At Phase One of the 2025 Spending Review, departmental allocations for Official Development Assistance (ODA) were reset for 2024-25 and provided for 2025-26. As set out at Autumn Budget 2024, this settlement provides departments with £13.3 billion of ODA in Financial Year 2024-25 and £13.7 billion in Financial Year 2025-26, enabling the UK to spend 0.5% of Gross National Income (GNI) on ODA in Calendar Years 2024 and 2025.
At Phase One of the 2025 Spending Review, departmental allocations for Official Development Assistance (ODA) were reset for 2024-25 and provided for 2025-26. As set out at Autumn Budget 2024, this settlement provides departments with £13.3 billion of ODA in Financial Year 2024-25 and £13.7 billion in Financial Year 2025-26, enabling the UK to spend 0.5% of Gross National Income (GNI) on ODA in Calendar Years 2024 and 2025.