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Australia to slow increase in foreign aid spending

Australia will slow, said Tuesday the new Budget cost-cutting measures is expected to increase as foreign aid spending.
Foreign Minister Bob Carr said on Monday that Australia's long-term commitment 2015-16 0.5% of gross national income, in order to increase its foreign aid spending will be delayed two years.
The commitment of the current fiscal year ended June 30 has been postponed.
Carl said that in the next fiscal year, Australia's foreign aid budget will increase to about 500 million Australian dollars ($ 499 million U.S. dollars) AU $ 5.7 billion - an increase of 9.6% on the year.
He said for Economic Cooperation and Development (OECD) 24 wealthy countries, including Australia, to reduce foreign aid spending by an average of 4% last year.
"We will increase our aid, but not the speed, we hope that in times of economic boom," Karl told reporters.
Another way is to borrow money to spend overseas development assistance, which is not sustainable, "he added."
Overseas aid groups decided to set aside $ AU $ 375 million foreign aid budget in the next fiscal year to meet the key of asylum seekers in detention camps of the Australian mainland or islands.
Australian Agency for International Development Committee (Australian Council for International Development), the peak body of Australia's overseas aid and humanitarian charities, said $ 3.75 million has been taken from the foreign aid budget since December last year, when the government decided to pay the aid coffers asylum seeker costs.
The Council's Executive Director Mark Purcell said Australia has become one of the largest recipients of assistance, comparable to Indonesia, receiving around AU $ 500 million a year Australian aid, and Papua New Guinea to receive more than AU $ 490 million.
: AU $ 375 million transfer to the cost of asylum-seekers is a trick will always help the world's poorest overseas "Purcell said in a statement, which is not the money.
Carl said for Economic Cooperation and Development (OECD) rules allow each country to spend foreign aid. United States, Norway and Sweden spend foreign aid countries in the territory of refugees.
He said that Australia is about in the middle of the flower foreign aid, the domestic asylum-seekers in the spectrum.
Australia's commitment to expand its foreign aid spending in 2010 to meet the United Nations Millennium Development Goals 2015-16.
Although China's demand of raw materials such as iron ore and coal to keep Australia out of recession in the global economic crisis, coupled with high currency of the mining boom cooling to eat into Australia's corporate income tax revenue.
Admitted in December that the government keep its promise to return the budget surplus in the current fiscal year, which is impossible. Economists expect the budget for the year revealed to Parliament on Tuesday will announce the budget deficit between AU $ 10 billion, AU $ 20 billion.
Budget plan in the next two months will need to get parliamentary approval before they can be implemented.
 
 



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