I refer to my response to Parliamentary Question 12 of 2 April 2019 which set out a possible path to reaching the 0.7% target by 2030.
Allocations to ODA will be made annually as part of the normal budgetary process.
The Government is already making progress, having increased allocations to official development assistance by 32% since 2014. Budget 2019 saw the highest increase in funding available in over a decade, with Irish ODA in 2019 forecast to reach almost €817 million, an increase of approximately €110 million and a 16% increase on the allocation announced in budget 2018. Further sustained, managed increments in ODA will be required to deliver the 0.7 commitment, taking into consideration the range of demands across Government and the capacity of the public finances to meet them.
The table sets out indicative allocations to ODA, based on current economic growth forecasts, which show a possible phased path to reaching the 0.7% target by 2030. Allocations will of course be made annually as part of the normal budgetary process.
Year
|
ODA level € Million
|
Expected ODA / GNI % Target
|
2019
|
817
|
0.30%
|
2023
|
1400
|
0.50%
|
2025
|
1800
|
0.57%
|
2027
|
2100
|
0.62%
|
2030
|
2500
|
0.70%
|