The proposal would increase Official Development Assistance (ODA) funding for developing nations from 1 July 2026. ODA would be set at 1% of the federal budget expenditure (fiscal balance) in 2026-27, then would increase over the medium term to reach to reach an annual spending of 0.7% of Gross National Income (GNI) by 2036.

The proposal would also establish an independent development oversight agency to ensure aid effectiveness.