The Chancellor of the Exchequer George Osborne and Chief Secretary to the Treasury Danny Alexander have announced details on the comprehensive spending review promised by the coalition government. The government continues to reinforce its commitment to 0.7% of Gross National Income spent on aid by 2013, stating:
…reducing spending this year is only the first step on a long road towards restoring good management of Britain’s public finances. Even tougher decisions will be required at the Spending Review. The Government is determined to take those decisions in a way that is in line with its values of freedom, fairness and responsibility. The Government will:
• deliver its guarantee that health spending will increase in real terms in each year of the Parliament, and that 0.7 per cent of GNI with be spent on overseas aid by 2013. (emphasis added)
This is good news which RESULTS welcomes wholeheartedly. We eagerly anticipate the next budget which will be an opportunity for the government to put these promises into action.
The full document is available here.