- How much does Australia spend on aid?
- What does Labor's current national platform say about aid?
- Where can I find more information?
In dollar terms, Australia’s aid budget reached it’s peak under Labor in 2012-2013 at about $5 billion per year. After the Coalition Government’s successive cuts the aid budget is frozen at about $4 billion so that it is actually decreasing in real terms into the future, after taking inflation into account.
As a proportion of Gross National Income (GNI), our aid budget is projected to decrease to its lowest ever recorded level at 0.22 per cent. This is 22 cents out of every 100 dollars of national income being used for aid. The internationally agreed targets for aid spending by wealthy countries is 0.7 per cent of GNI, reaffirmed in the Sustainable Development Goals (SDGs).
(For the record we think it's pretty great, but it could be even better!)
Labor’s current platform states:
“Labor will grow the Australian aid program and increase Official Development Assistance to internationally accepted levels. Australia should do its fair share internationally, and work with the international community to achieve the longstanding funding targets reiterated by the SDGs. Labor will, over time, achieve a funding target for the aid program of at least 0.5 per cent of Gross National Income.”
Australia has a lot of incredible people doing work on aid and international development.
You can check out the NGO sector's Campaign for Australian Aid to get a more detailed idea of the impact our aid can have.
Or head over to hear the latest from the trade union movement's global justice organisation: Union Aid Abroad - APHEDA.