overseas aid

The Coalition’s plan to cut foreign aid by $4.5 billion over 4 years is a kick in the teeth to the 1.2 billion people living on less than $2 a day.

Shadow Treasurer Joe Hockey’s announcement comes on top of the $5.8 billion worth of aid cuts already signalled by the Labor Government.

Both major parties are failing to live up to the promises that all politicians made at the last election – to increase foreign aid spending to 0.5% of gross national income by 2015-16.