In Budget 2012 the New Zealand Government approved a three-year multiyear appropriation for 2012/13 to 2014/15 period. While there is flexibility to move funding between years to maximize our aid effectiveness, this establishes a baseline of total official development assistance of $550m per year for the next three years. Official development assistance spending is now planned to increase to over $600 million in 2015/16 - once the Government’s accounts have moved back into balance.
The 2012 Budget also marks a change in our approach to allocations. An allocation is approved across the total three year appropriation, rather than year by year. This gives more certainty to our partners and allows us to manage spend against a three-year rather than one-year horizon.
Each year we measure the proportion of our Official Development Assistance (ODA) spend as a proportion of our Gross National Income (GNI).
2012 ODA:GNI ratio - 0.28%
Note that both ODA and GNI have increased in 2012 and as a result of this the ratio has remained static.
New Zealand’s expenditure and the ODA:GNI ratio is reported by the Development Assistance Committee of the OECD, in comparison to other member countries.
In support of our commitment to greater transparency, we have developed an implementation schedule to meet compliance with the internationally agreed Transparency Common Standard by December 2015. The schedule will help guide our strengthening of aid activity reporting. See the schedule below.
The International Aid Transparency Initiative (IATI) aims to make information about worldwide aid expenditure and activities readily available, more accessible and easier to compare.
The OECD produces a wide range of statistics covering the aid programmes of all Development Assistance Committee (DAC) members.