The Myth of America's Spending on International Aid
The Myth of America's Spending on International Aid
- However, in reality the U.S. only spends 1 percent on foreign aid. Right now, $30 billion goes towards programs assisting the world’s needy. In comparison to other foreign policy priorities, $664 billion is spent on the military. Expanding this to the global front, “in 1970, the world’s richest countries agreed to give 0.7 percent of their gross national income as official international development aid.”
- However, in reality the U.S. only spends 1 percent on foreign aid. Right now, $30 billion goes towards programs assisting the world’s needy. In comparison to other foreign policy priorities, $664 billion is spent on the military. Expanding this to the global front, “in 1970, the world’s richest countries agreed to give 0.7 percent of their gross national income as official international development aid.”