Australia’s decreasing foreign aid budget offers chance for private companies to cash in
Thursday, August 24, 2017
Government contracts show four companies have been paid close to $4 billion from the aid budget to manage long-term projects since 2014, when the Abbott government merged Foreign Affairs (DFAT) and AusAid.
Australia’s aid community believes the merger left the Government without the skills and ability to manage major aid projects — something DFAT denies.
Ten companies now receive close to 20 per cent of the aid budget each year — up from 14 per cent in 2012. They have earned $712 million in the last 12 months alone.
DFAT’s top four choices — Cardno Emerging Markets, Palladium International, Coffey International Development and ABT Associates — pocketed $461.8 million last financial year.
Photo courtesy of Australia Dept. of Foreign Affairs.