Several times I've mentioned the largesse of the Department of International Development and it appears the new government is hell-bent on continuing Labour's generosity.
Only this week the coalition government cut £2 billion's worth of domestic projects and increased the foreign aid budget to £13 billion a year.
Danny Alexander, Chief Secretary to the Treasury, told MPs this week that the domestic cuts were necessary to tackle the budget deficit and would be done in a fair way. In the same speech he accused the previous Labour regime of spending money which it knew it didn't have.
The same day Andrew Mitchell, foreign aid minister, issued a statement on the DFID website which said that the 'Government has made clear that the international development budget will increase to 0.7% of Gross National Income from 2013.
According to the World Bank on 16 June, 2010, Britain GNI was $2 trillion or £1,504,942,701,833 in our money. The aim of 0.7% of the GNI figure is just over £10.5 billion but this doesn't include the administration costs of the DFID which, in the past, have usually added a further £2 billion to the department's budget.
To summarise, the Westminster government has committed itself to spending around £13 billion in foreign aid. Currently Britain pays around £1 - £3bn per week (depending on various opinions/sources) in interest on the deficit - money which is borrowed to pay for foreign aid, the war in Afghanistan, EU membership and other projects, yet we don't have enough money to look after our elderly.
What a strange world.