“[Spending 0.2% of GNI] will bring Britain’s aid spending into line with that of other advanced nations, such as the USA. We will still be spending around £4 billion annually, which is more in cash terms than Spain and Italy combined.”
- The government is currently meeting a UN target to spend 0.7% of the UK’s Gross National Income (GNI) on overseas aid each year. GNI is the UK’s output of goods and services, plus any income we get from abroad.
- So for every £100 that’s made in the UK, 70p goes toward foreign aid.
- The amount this translates to in cash varies depending on the size of the economy. We spent £13.3 billion in 2016. If we had spent 0.2% of GNI in 2016, it would have worked out to about £3.8 billion.
- Our economy is forecast to grow - if it does, the amount spent at the 0.7% target will increase. The same applies if the target is reduced to 0.2%.
- The UK was one of six countries meeting the UN’s 0.7% target in 2016. The USA was one of ten members of the OECD’s Development Assistance Committee (DAC) spending 0.2% or less, putting it in the bottom third. The average for the DAC is about 0.3%.
- Spain and Italy spent almost $9 billion between them in 2016, which is about £6.5 billion at the average exchange rate for that year. We’ve asked UKIP what it was referring to.
This factcheck is part of a roundup of UKIP manifesto launch. Read the roundup.
With Brexit fast approaching, reliable information is crucial.
If you’re here, you probably care about honesty. You’d like to see our politicians get their facts straight, back up what they say with evidence, and correct their mistakes. You know that reliable information matters.
There isn’t long to go until our scheduled departure from the EU and the House of Commons is divided. We need someone exactly like you to help us call out those who mislead the public—whatever their office, party, or stance on Brexit.
Will you take a stand for honesty in politics?