Re: This Eurozone Crisis thing
I am not going to profess to know what this means but there are significant numbers involved!!
The UK’s Gross Public Expenditure on Development (GPEX) amounted to £9,007m in 2010/11. The DFID aid programme accounted for £7,689m (85%) of this expenditure.
GPEX increased to £9,007m in 2010/11 from £7,767m in 2009/10. This represents an increase of £1,240m (16%).
Excluding debt relief, GPEX totalled £8,829m in 2010/11; this represents an increase of £1,161m (15%) over the 2009/10 total of £7,668m.
In the calendar year 2010 the UK reported £8,452m as Official Development Assistance (ODA), making the UK the 2nd largest OECD-DAC donor on this internationally agreed classification of aid. The UK’s ODA/ GNI ratio for 2010 was 0.57 per cent.
In 2010/11 £4,254m (55%) of the DFID programme was bilateral assistance and £3,222m (42%) was multilateral assistance. The remaining £214m (3%) was spent on administration costs.
Hebburn! Where dreams come to die!