Arab Today, arab today britain to meet overseas aid target
Last Updated : GMT 21:57:37
Arab Today, arab today
Arab Today, arab today

Britain to meet overseas aid target

Arab Today, arab today

Arab Today, arab today Britain to meet overseas aid target

London - Kuna

Britain will honor its pledge to meet the United Nations target of spending 0.7 percent of national income on overseas aid next year, rising from 0.56 percent in 2012, Chancellor, Finance Secretary George Osborne confirmed here on Wednesday. During his speech to MPs at the House of Commons, Osborne indicated that the rise will be smaller than previously expected in cash terms because it is calculated as a proportion of national income, which has shrunk by 0.1 percent this year, rather than increasing by 0.8 percent as forecast in March. Also, Osborne told MPs that there would be no increase beyond the 0.7 percent target in the years to come. UK Prime Minister David Cameron have come under strong pressure from Conservative backbenchers to ditch the 0.7 percent promise, which they argue is unaffordable in economic conditions which are far more difficult than when it was first made. In this context, Osborne said, \"A mark of our values as a society is our commitment to the world poorest. We made a promise as a country that we would spend 0.7 percent of our gross national income on international development and I am proud to be part of the first British government in history which will honor that commitment, and honor it as promised next year.\" \"We will not however spend more than 0.7 percent, so as we did last year, we will adjust the Department for International Development budget to reflect the latest economic forecasts,\" added Osborne. The Department for International Development (DFID) is being asked to make reductions in its own day-to-day spending of GBP 250 million in 2013/14 and GBP 430 million in 2014/15, in line with other Whitehall ministries. Meanwhile, International Development Secretary Justine Greening said, \"The coalition Government has today reaffirmed its commitment to the world\'s poorest people by confirming the UK will spend 0.7 percent of Gross National Income (GNI) on international development from 2013.\" \"Achieving our pledge of 0.7 percent is the right thing to do and the smart thing to do. It is in everyone\'s interests for countries around the world to be stable and secure, to have educated and healthy populations, and to have growing economies,\" added Greening. DFID noted that, as a result of today\'s announcements, total overseas development assistance will be GBP 162 million lower than previously planned in 2012, GBP 254 million pounds lower in 2013, and GBP 388 million pounds lower in 2014.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today britain to meet overseas aid target Arab Today, arab today britain to meet overseas aid target

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday