7/01/2008

Italian ODA cut by 510 million euro between 2009-2011

The Government decree n° 112 from June 25th is cutting ODA resources managed by the Ministry of Foreign Affairs (MFA) by 170 million euro a year till 2011. After two years of ODA consecutive increases, currently the MFA budget amounts at 738 million euro with the view to be reduced at just 393 millions in 2011 - the same level of the MFA ODA budget after last Berlusconi's 2005 financial bill. In September, the government will still be able to avoid this financial cut when presenting the multiyear State budget.

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