Should the government increase or decrease foreign aid spending?
Should the US increase or decrease foreign aid spending?
Foreign aid is a transfer of financial resources or commodities or technical advice and training. The resources can take the form of grants or concessional credits (e.g., export credits). Foreign aid is used to support US national security and commercial interests and can also be distributed for humanitarian reasons. Aid spending is financed by U.S. taxpayers and distributed through 20 government agencies that manage foreign assistance programs. In 2020 the U.S. distributed $39 billion on economic assistance, $25 billion through the U.S. Agency for International Development and $11.6 billion on military assistance.
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