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Tuesday, 23 November 2010

The British Foreign Aid Budget Will Total £50.8 Billion by 2014

Foreign Aid Budget Will Total £50.8 Billion by 2014

British taxpayers will be forced to hand over £50.8 billion in foreign aid handouts to the Third World by 2014, which translates to 61 percent of the total “spending review” cuts announced by the Government this year.
The shocking figure, which comes at a time when British people face massive front line service cuts at home which will plunge millions into unemployment and poverty, was contained in a press release cunningly issued by the Department for International Development (DFID) on Saturday, so as to miss most of the media’s attention.
The press release announced that the total foreign aid budget would reach the targeted 0.7 percent of Gross National Income (GNI) by 2013.
This would mean a yearly spend of £12.6 billion, the DFID said. Earlier, the British National Party had predicted that the total spend would be of the order of £13 billion, based on GNI figures from 2007.
According to the DFID, the increased spending is “in line with the UK's international commitments to help those living in extreme poverty in our world.  Over the course of the Spending Review period, the Department for International Development will increase resource spending by 35 percent in real terms, and increase capital spending by 20 percent in real terms.”
This means that the foreign aid budget will be £8.4 billion in 2010, £8.7 billion in 2011, £9.1 billion in 2012, £12.0 billion in 2013, and £12.6 billion in 2014.
Added together, this means that the British taxpayer will hand over £50.8 billion by the year 2014.
Furthermore, the DFID said, aid to Afghanistan and Pakistan would be increased from 22 percent to 30 percent of the total aid spend by 2014, “in line with the Strategic Defence and Security Review” to subsidise “conflict-affected states.”
Both of those nations are “conflict-affected” because of the insane and criminal war which the previous Labour regime, supported by the Tories, launched in Pakistan.
The massive £50 billion represents over 61 percent of what has been cut off the UK’s internal front line services budget to “bring down the deficit” as clear a case of the British people being put last as any.
* The Tory minister in charge of handing out British tax money, Andrew Mitchell, told a briefing in London last week that the British government (i.e. the taxpayer) would part fund two “new public-private partnership funds to promote generation of renewable energy in Africa and Asia.”
According to Mr Mitchell, the fund will “target low-carbon energy and related investments in Asia” which might, or might not, refer to giving even more money to China to try and bring its rampant pollution under control.
According to the DFID, “early modelling of the Asian fund suggests that it could bring 9 pounds of private sector investment for every pound committed by the government.”
The DFID has refused to say how much the new scheme is going to cost British people, but in its spending review in October, the ConDem regime said it would provide £2.9 billion pounds of international climate finance to 2015.

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