The Spending Review 2020 allocated £10bn for Official Development Assistance to spend in the financial year 21/22.
On 25 November the Office for Budget Responsibility published its Economic and Fiscal Outlook. This forecasts Gross National Income (GNI) for the 2021 calendar year to be £2138.6bn. 0.7% of this GNI estimate is £14.97bn and 0.5% of this GNI estimate is £10.69bn.
Financial year allocations for subsequent years will be decided at future Spending Reviews. The Government intends to return to the 0.7% target when the fiscal situation allows.