Development Aid: Climate Change
(asked on 29th August 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of levels of borrowing to fund international climate finance on the debt to GDP ratio.
This question was answered on 8th September 2025
The UK’s current international climate finance commitment of £11.6bn from Financial Year 2021/22 to Financial Year 2025/26 (ICF3) is funded from the government’s Official Development Assistance (ODA) budget.
The ODA budget is accounted for as part of the UK's overall fiscal plans which is moving to a position where day-to-day spending is met with tax revenues, so that the government is only borrowing for investment.