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Asked by
Vanushi Walters
List MP · Labour Party
Question
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How will any aid funding rolled forward from the 2024/25 financial year be allocated across programmes, countries and financial years?
Answered by
Rt Hon Winston Peters
List MP · NZ First · Minister of Foreign Affairs
Answer
The Internastional Development Cooperation (IDC) Programme is funded through a multi-year (triennia) appropriation. A multi-year approach increases effectiveness by enabling smoothing of funding. Programming of IDC funding is driven by the Ministry's strategic planning process, that results in country expenditure targets for the triennium (published on the MFAT website). Funding unspent in Year 1 of the current triennium (2024/25) was rolled forward into Year 3 of the same triennium, to be programmed within the same country targets.