HC Deb 17 January 1974 vol 867 cc169-70W
Miss Quennell

asked the Secretary of State for Foreign and Commonwealth Affairs what percentage of United Kingdom gross national product is now represented by aid to underdeveloped countries ; and whether this figure accrds with the recommendation of the United Nations General Assembly.

Mr. Wood

The Government have undertaken to do their best to reach by 1975 the UNCTAD target of 1 per cent. of gross national product for net financial flows to the developing countries. They have not accepted the proposed subsidiary target of 0.7 per cent. for official development assistance. In 1972, the last year for which figures are available, net financial flows from Britain represented 0.96 per cent. of gross national product ; of this, official development assistance accounted for 0.39 per cent.