Australia will redirect more than $100m in foreign aid toward the Indo-Pacific region to urgently plug funding gaps after Donald Trump announced the US would cancel around $US54bn worth in overseas development assistance programs.
The official development assistance budget for 2025-26 will reach $5.1bn, an increase of $135.9m from 2024-25, but $119m will be reprioritised to support economic, health, humanitarian and climate responses in the neighbouring regions.