Excerpts from the CCPA’s Alternative Federal Budget 2013:
“Despite sometimes marginal increases in wealth, income is concentrated among a more wealthy minority and many people live precariously on the margins of poverty. Globalization and free trade may have brought with it growth in some parts of the world, but it certainly has not been equitable neither between countries and regions, nor within them.
Against this backdrop, Budget 2012 delivered a punishing message to the world’s poor. Between FY2011–12 and FY2014–15, Canadian aid is set to decrease by 7.6%, from $5 billion in 2011 to $4.66 billion in 2014–15.
Between 2011–12 and 2012–13 alone, it is estimated that Canada’s ODA will drop by almost $320 million, assuming no additional supplementary estimates in 2012–13. This is equivalent to the Canadian International. Continue Reading