Portfolio budget statements
Budget highlights October 2022-23
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Portfolio Budget Statements
Foreign Affairs and Trade Portfolio Budget Statements October 2022-23, including funding for portfolio agencies Austrade, EFA, ACIAR, ASIS and Tourism Australia.
The October 2022-23 Department of Foreign Affairs and Trade Budget
The Department of Foreign Affairs and Trade (DFAT) will receive an appropriation of $6.6 billion for the 2022-23 financial year, including $4.7 billion in administered funding, and $1.9 billion in departmental funding.
To support regional development, security and prosperity, the Budget will boost Official Development Assistance (ODA) by an estimated $1.4 billion over four years.
To strengthen Australia’s Pacific partnerships, the Budget commits a further $900 million to deliver a comprehensive package of new programs.
To deepen Australia’s engagement with Southeast Asia, the Budget commits a further $470 million, including a $200 million climate and infrastructure partnership with Indonesia.
The Budget will also strengthen trade and tourism, including by implementing key initiatives of the Singapore-Australia Green Economy Agreement, facilitating Australia’s’ attendance at the World Expo in Osaka in 2025 and building economic resilience through trade diversification.
To building our region’s resilience, the Budget will increase funding to the Australian NGO Cooperation Program (ANCP) to $30 million over four years to fund projects that help lift our neighbours out of poverty and achieve our collective commitment to the Sustainable Development Goals.
DFAT will also place the experience of First Nations at the heart of our diplomacy, including by establishing an Office for First Nations Engagement.