A Gem Worth More than $800 Million
Here in Washington, D.C., safely secured in a Smithsonian museum, is the supposedly cursed — but still famous — Hope Diamond, valued as high as $350 million. But today there is a newer gem in the capital city, worth even more. This gem is buried in the thousands of pages and in the trillions of dollars that comprise the fiscal year 2014 federal budget and is a victory for Bread for the World and its members.
Despite gradual cuts to the overall international affairs budget in the last three years, poverty-focused development assistance (PFDA) accounts grew in FY 2014 by more than $800 million. In fact, PFDA funding has steadily increased over the past few years. This year, Congress appropriated more than $24.1 billion for PFDA programs, adding $800 million since last year.
The increases come at a time when Congress has been trying to cut the federal budget. We would not have been able to keep a circle of protection – much less increase it – were it not for the persistent advocacy of Bread members and partners.
In general, the dollar amounts for PFDA funding have more than tripled since FY 2000. Despite these increases, the overall PFDA funding by the United States still stands at less than one cent for every dollar the government spends.
Bread measures poverty-focused development assistance by examining the International Affairs Budget of the U.S. government (called the 150 Account). In addition, we include appropriations for the Labor, Health and Human Services, and Agriculture Departments. They include funding for such programs as the Millennium Challenge Account, the Global HIV/AIDS Initiative, Enterprise for the Americas, the International Fund for Agricultural Development, the Food for Peace Program, and the McGovern-Dole Food for Education Program.
Photo: Khato Rana plays with her daughter Rita, 2, at the Nutrition Rehabilitation Home in Dhangadhi, Nepal. The facility, run by Nepali NGO Rural Women's Development Unity Center (RUWDUC), restores malnourished children back to health. (Laura Elizabeth Pohl/Bread for the World)