Statement by the DPC: Development cooperation requires a funding model extending beyond the current government term

The Government’s budget proposal for next year would add EUR 32.4 million to the exclusive ODA administered by the Ministry for Foreign Affairs of Finland. This increase is estimated to raise the level of funding from 0.39 per cent (2017) to 0.41 per cent of the country’s gross national income (GNI). Although the budget appropriations are set to increase slightly, the economy is growing at a faster pace by comparison, and the proportion of the GNI used for development cooperation is expected to drop back down to less than 0.40 per cent in the coming years. Finland will thus remain very far from the 0.7 per cent target set in the international commitments it has made as a member of the UN, the OECD and the European Union. The same 0.7 per cent target is an integral part of implementing the UN’s 2030 Agenda for Sustainable Development, which Finland aims to promote as an example to the rest of the world. Solving global problems also requires action from Finland. For this reason, Finland urgently needs a reliable plan, extending beyond the current government term, to increase development cooperation funding to 0.7 per cent of the GNI.

Read more: Statement Development cooperation requires a funding model extending beyond the current government term (pdf)