The new Australian government has made a significant commitment to increasing its overseas development assistance (ODA) from 0.3% of gross national income (GNI) in the 2007-08 budget to 0.5% of GNI by 2015/16. This represents a return to the levels last seen in the 1970s that were eroded over the 1990s and early 2000s (Figure 1). Depending on the projected economic growth rate, some estimates foresee a tripling of ODA from the mid-2000s to 2015/16.
Topic:
Foreign Policy, Development, and International Cooperation