Australian treasurer rejects criticism on aid volume

Australian federal treasurer Peter Costello defended the amount of aid that the government is giving to developing countries, following reports that Australia provides the least aid among the G20 nations. Costello said the country spends A$3 billion ($2.3 billion) per year to support development efforts in poor nations, or an increase of 81 percent over the last six years. The government, he stressed, plans to boost this further. Also “there are G20 nations that not only give nothing, but who actually receive aid,” Costello noted. “Australia is not an aid receiver. Australia is an aid giver. There are G20 nations that are subject to aid programs that we are giving money to,” he continued. (Source: Costello defends foreign aid figures/Australian Broadcasting Corporation)

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