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Monday, February 12, 2024

Does Canada Give Too Much In Foreign Aid?

 The OECD (Organisation for Economic Co-operation and Development), an agency of the United Nations, has set a goal for the world's richest countries that they should donate 0.7% of their gross national income (GNI) to foreign aid. Using figures from 2022, how many countries have met that goal? Five -- and Canada's not among them. A lot of Canadians think Canada gives too much in foreign aid. In fact, Canada only gives about half of that goal amount; 15 countries give more. (The United States is 10 behind Canada, giving 0.22%.)

Canada gave 0.37% in 2022.  The countries who gave more are as follows:

Japan 0.39%
Austria 0.39%
Belgium 0.45%
UK 0.51%
Poland 0.51%
France 0.56%
Switzerland 0.56%
Finland 0.58%
Ireland 0.64%
Netherlands 0.67%
Denmark 0.7%
Germany 0.83%
Norway 0.86%
Sweden 0.9%
Luxembourg 1%

 We're a rich country; we can afford to give generously to poor countries in dire need. Yes, we have segments of our own population who do not have enough -- we should give more to them too. There are other areas of the economic pie that can be trimmed somewhat to make up the relatively small amounts that are needed.

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