Myth: Developed nations spend a lot of their budgets on international aid.
Reality: It’s probably less than you think. When asked how much of the national budget was spent on foreign aid the average American responded with 25%. The actual amount is less than 1%. Even the most generous nation in the world, Norway, gives less than 3% a year. When asked how much the United States should spend on foreign aid, the average response was 10%.
Tags: Developed Nation Myth