Oct 3, 2012 No Comments ›› Toro520
Via CNS News:
(CNSNews.com) – From fiscal 2008 to fiscal 2011, according to the U.S. Treasury, the federal government increased spending on foreign aid by 80 percent and, in fiscal 2011, spent 76 percent more on foreign aid than it did securing the borders of the United States.
In fiscal 2008, the government spent a total of $11.427 billion in international assistance programs, according to the Monthly Treasury Statement. In fiscal 2011, according to the statement, it spent $20.599 billion—an increase of $9.172 billion, or 80 percent, from 2008.
Prior to President Obama taking office, international assistance spending had been trending down for three years, according to the Treasury. In fiscal 2005, it was $14.787 billion. In fiscal 2006, it dropped to $13.914 billion. In fiscal 2007, it dropped again to $12.764 billion. And, in fiscal 2008, it dropped yet again to $11.427 billion.
Since 2008, international assistance spending has increased each year. In fiscal 2009, it climbed to $14.827 billion. In fiscal 2010, it jumped to $20.038 billion. And, in fiscal 2011, it climbed again to $20.599 billion.
By the end of August, after the first eleven months of fiscal 2012, the federal government had already spent $20.058 on foreign aid in that fiscal year. That was well ahead of the $18.439 billion the federal government had spent on foreign aid through August of last year. The Treasury has not yet published the final amount that was spent on foreign aid in fiscal 2012, which ended on Sunday.
While foreign aid spending has climbed over the past four years, spending on border security peaked in fiscal 2009 and has since declined. In fiscal 2008, the federal government spent $9.984 billion on customs and border protection, according to the Monthly Treasury Statement. In fiscal 2009, that increased to $12.122 billion. But, in fiscal 2010, that dropped to $11.376 billion. In fiscal 2011, it increased slightly to $11.698 billion—still less than the $12.122 billion spent on customs and border protection in fiscal 2009.
Through August of fiscal 2012, spending on customs and border protection was $11.259 billion, ahead of the $10.656 billion on customs and border protection spent through August of fiscal 2011.
The $20.599 billion spent on foreign aid last year was 76 percent more than the $11.698 billion spent on customs and border protection.
Included, among other things, in the $20.599 billion spent on foreign aid last year, according to the Treasury, was $5.717 billion for the Economic Support Fund, $5.322 billion for the Foreign Military Financing Program, $3.177 in multilateral assistance, $4.248 billion for the Agency for International Development (including $1.210 billion in operating expenses for AID), $395 million for the Peace Corps and $125 million for international monetary programs.
The foreign military sales program, which Treasury includes in its accounting of international assistance programs, took in $23.947 billion in fiscal 2011 and paid out $23.947 billion. Thus it had no impact on the net outflow of aid from the United States to foreign interests.