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What is the value of the aid budget for the current triennium, and how does it compare in both nominal and inflation-adjusted terms with the previous triennium?

Answered Question 25849 (2026)
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Asked by

Vanushi Walters

List MP · Labour Party

Question

  • What is the value of the aid budget for the current triennium, and how does it compare in both nominal and inflation-adjusted terms with the previous triennium?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister of Foreign Affairs

Answer

International Development Cooperation appropriation for the 2024-2027 triennium is NZ$3,060.538 million. International Development Cooperation actual expenditure 2021-2024 triennium was NZ$3,000.115 million. Adjusted for a three-year cumulative inflation rate of 17.5%, the current 2024-27 IDC triennium budget of NZ$3,060.538 million figure represents approximately NZ$2,605 million in real purchasing power compared to total expenditure in the previous triennium.