Austria spent less money on development aid in 2023 than the year before. The decline in Austria is partly due to lower costs for refugee care.
The share of official development assistance money was 0.38 percent of gross national income (GNI), slightly above the OECD average of 0.37 percent, but below the 2022 value (0.39 percent). In total, development aid from the OECD countries reached a record high of 223.7 billion dollars (205.99 billion euros), the organization announced on Thursday.
Aid for Ukraine
According to the Organization for Economic Co-operation and Development (OECD), the increase in official development assistance is again due to aid to Ukraine. Last year, these had already set a new ODA record (185.5 billion euros). The OECD also recorded an increase in humanitarian aid.
With 0.38 percent of GNI, Austria – like most other OCED states – lags behind the United Nations target of 0.7 percent. According to preliminary figures from the OECD, only Norway, Luxembourg, Sweden, Germany and Denmark achieved this last year.
31 Member States
Of the total of 31 member states of the OECD’s Development Assistance Committee (DAC), 14 were able to increase their development aid funds in 2023, while in 17 countries – including Austria (minus 4.1 percent) – they decreased. , also for Austria, since: lower costs for refugee care in their own country As in previous years, the US, Germany, Japan, the United Kingdom and France were the largest donor countries.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
