Development Aid Cut by Nine Percent

Sweden is a world leader in development assistance. While the United Nations target for each country is 0.7 percent of that nation’s gross national product in aid, Sweden gives 1 percent. That’s twice as much as Britain and about six times as much as the United States.

But the shrinking economy means a lower gross national product, so while the upcoming Swedish budget will still allocated 1 percent of GNP to aid, the total will be less, 9 percent less than this year, for a total of around 4 and a half billion dollars.