Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish the economic tests that must be met to increase Official Development Assistance budget to 0.7% GDP.
The Government remains committed to the International Development (Official Development Assistance Target) Act 2015 and to spending 0.7% of gross national income (GNI) on Official Development Assistance (ODA) once the fiscal situation allows.
In July 2021 the former Chancellor set out the fiscal circumstances under which the UK will make the return to spending 0.7% of its GNI on ODA. This is set out in detail in a written ministerial statement, here: https://questions-statements.parliament.uk/written-statements/detail/2021-07-12/hcws172.
Each year, the Government will continue to monitor future forecasts closely and will review and confirm, in accordance with the Act, whether a return to spending 0.7% of GNI on ODA is possible against the latest fiscal forecasts.