Hundreds of millions of dollars set aside to help the world’s poor went unspent in the last fiscal year, new figures from the parliamentary budget office show, prompting fresh concerns about the future of Canadian foreign aid.
The data collected from quarterly spending reports shows that by the end of the fiscal year in March, the Canadian International Development Agency had failed to spend nearly $419 million, or more than 13 per cent, the $3.14 billion Parliament authorized it to spend in grants and contributions.
Grants and contributions are the main way CIDA and the federal government dole out foreign aid to developing countries, international organizations like the United Nations, and development groups such as CARE Canada.
Read more. . http://www.montrealgazette.com/news/national/Hundreds+millions+foreign+unspent+figures+show/8658526/story.html
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