Budget affirms Ireland's commitment to the developing world - Minister Costello15 October 2013
Minister for Trade and Development, Joe Costello, T.D., said the government’s achievement in stabilising the budget for overseas development assistance reaffirms Ireland’s solidarity with the world’s poorest people.
“I welcome the fact that the government has succeeded in stabilising our core development aid funding for 2014, as in the last two budgets. This will enable Ireland to maintain its leading contribution to the fight against extreme poverty and hunger in a way which maximises our impact and achieves value for every euro we spend.
“Our aid programme is recognised internationally as one of the most effective in the world, with a strong focus on tackling hunger, poverty and climate change and fostering economic growth, human rights and accountability. It reflects the values of the Irish people and their interests in the world.
“In the first years of the economic crisis facing Ireland, the then government had to reduce the aid budget by some 30%. This government has succeeded in broadly stabilising the budget. While the allocation announced today will reduce our spending on overseas assistance by some 3% compared to last year, it still represents a very significant allocation for Ireland’s aid programme.
“The government’s new policy on international development – ‘One World One Future’- sets out our continuing commitment to achieving the UN target of providing 0.7% of Gross National Product for Official Development Assistance (ODA) when economic circumstances permit.”