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UK Prime Minister Rishi Sunak may suspend foreign aid for another two years

According to the Telegraph on Friday, the new British Prime Minister, Rishi Sunak, is considering keeping the nation's foreign aid budget frozen for a further two years.

By wasmulhaq 
Updated Date

London: According to the Telegraph on Friday, the new British Prime Minister, Rishi Sunak, is considering keeping the nation’s foreign aid budget frozen for a further two years.

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British foreign aid spending is limited to 0.5% of GDP. The country’s financial position is sluggish as a result of the coronavirus pandemic two years prior. Therefore, the government has reduced its spending on international aid.

A UK Treasury spokesperson said in a statement that “all spending choices will be examined by the Prime Minister and Chancellor at the Autumn Statement.”

Sunak, who was finance minister at the time, had said last year that foreign spending should return to 0.7% of economic output by 2024–2025.

As per the report by the Telegraph, officials are thinking of cutting foreign aid funding by a further two years, until 2026–2027.

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The report also added that there was scope for even deeper cuts and the possibility of indexing future foreign aid spending for three years to inflation.

Currently, the British government has been planning to cut expenditure due to the rising prices of essential commodities.

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