The Australian Government has been among the world’s top recipients of foreign aid, receiving a record $6.8 billion last financial year, but there is a worrying trend that is making its recipients even wealthier.
In the last five years, more than half of the $6 billion donated by the Government to Australian charities has been donated by overseas donors.
According to the Australian Tax Office, donations to Australian charitable organisations increased by nearly 7 per cent in the last financial years, with foreign governments contributing more than $1 billion.
This is despite Australia’s reputation as an independent country, with no foreign direct investment tax and an overall per capita tax rate of just 1.9 per cent.
While the Government’s own report shows that Australia ranks number one in the world for donations, it has been criticised for not doing enough to make sure charities in other countries are protected.
While this may not sound like a problem when you consider the Government is a major donor to a range of charities, it is particularly concerning given the country’s record on fighting global pandemics.
The Government has also recently stepped up its efforts to raise funds for its overseas projects, including a $10 million grant for a new $1.5 billion cancer research centre.
The grant was approved under a previous Government-funded grant that was also used to develop the new cancer centre.
It is expected to be up and running by the end of 2019.
The latest overseas grants The Government also announced a $50 million grant to the Global Fund to Fight AIDS, Tuberculosis and Malaria (GFFAM), which is aimed at fighting malaria in sub-Saharan Africa.
In total, the Government has donated more than 1.5 million Australian dollars ($1.9 million) to this global organisation, which was founded in 2008.
This represents more than the value of the Government Corporation Commission’s first-ever grant to a global organisation.
The grants, announced on Tuesday, came as the Government continues to invest heavily in its overseas affairs, including with the World Bank.
The Department of Foreign Affairs and Trade said that the new grants are the first in a series of initiatives that it is undertaking to help support the fight against malaria in Africa.
It added that they will help to address some of the key issues facing Africa and help improve the health and well-being of communities and the poorest.
“Our focus in supporting malaria eradication is driven by our international relationships and our commitment to a healthy, prosperous and sustainable world,” the department said.
The first grant was awarded to the World Health Organisation, which has helped to build up an international network of malaria treatment centres across Africa.
“Through these new grants we will be able to expand our work and ensure that Africa is able to lead on this global challenge,” the minister for international development, Christopher Pyne, said in a statement.
“We know that malaria is a disease that impacts every continent and every population and we need to continue to work to make this disease manageable, accessible and manageable for people across the globe.”
The new funding is a welcome change, but it does not solve the funding problem.
“I’m delighted that the Government now understands that malaria will never be a sustainable solution for people in Africa and that we need a world-class malaria treatment system,” said Dr Alain Molloy, the chief executive of the World Food Programme.
“This funding will help us build on this successful model and build on our existing international partnership and partnerships.”