Much of the £14 billion overseas aid budget could be going to waste because ministers do not know if it represents value for money, MPs have said.
While the target to spend 0.7 per cent of gross domestic product (GDP) has been met, the public accounts committee found that ministers were unclear “what this considerable amount of aid money achieves in practice”.
One part of the budget, overseen by the Department for Business, Energy and Industrial Strategy, had its funding doubled to more than £700 million “despite a weak understanding of how funds had been spent, where and with what results”, the report found.
MPs also criticised the Treasury’s assessment of the UK Aid Strategy published in 2015, which it said did not take into
