June, 12 2024, 12:10pm EDT

For Immediate Release
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Less than 3% of G7 military spending could help end global hunger and solve Global South debt crisis
ITALY
With funds equivalent to just 2.9 percent ($35.7 billion) of their combined annual military spending, Group of Seven (G7) countries could help end world hunger and solve the debt crisis in the Global South, reveals new Oxfam analysis ahead of the G7 Summit in Borgo Egnazia, Italy.
Eradicating world hunger in all its forms would require $31.7 billion more from donors, and Oxfam estimates that the G7’s fair share of debt relief efforts for the world’s poorest countries is equivalent to $4 billion, for a total of $35.7 billion.
“Governments are finding their pockets run deep to fund war today, but when it comes to stopping starvation they are suddenly broke,” said Oxfam International’s Head of Inequality Policy Max Lawson.
“We’re talking about a small commitment with the potential for huge impact. Imagine a world where no one goes to bed hungry and where countries in the Global South can put money into public schools and hospitals instead of debt interest payments. The G7 not only has the means, but the moral and strategic imperative to make this happen,” said Lawson.
Hunger is rising rapidly in many places, including Somalia, Guatemala, Yemen and Kenya, with devastating consequences. Over 281 million people are now grappling with severe hunger and malnutrition. Gaza is facing one of the most severe hunger crises in the world, caused by Israel’s ongoing onslaught and siege of the enclave. People are already in extreme suffering and dying of starvation and treatable diseases. These deaths will increase at a faster rate unless a ceasefire is forged and full humanitarian access and safe distribution are allowed.
Oxfam is calling on the G7 to reiterate its demand on Israel to implement the recent ruling of the International Court of Justice (ICJ) to halt military operations in Rafah and allow the access of humanitarian aid into Gaza. The G7 must also ensure their economic policies and agreements with Israel are not financially enabling potential genocide in Gaza. Under the Genocide Convention and international humanitarian law, states are obliged to take all political, economic, and military countermeasures within their power to prevent genocide. This includes immediately halting exports of arms and munitions that might risk use in war crimes or facilitate potential genocide. It goes beyond complicity; states are obligated to act to prevent genocide.
“The G7’s collective failure has basically given the Israeli military a free pass to commit terrible atrocities against Palestinian people. G7 leaders must do everything in their power to make sure there is an immediate and permanent ceasefire to stop the death and destruction. They also need to ensure full and permanent access of humanitarian aid through all ground crossings, and the release of all hostages and unlawfully detained Palestinian prisoners,” said Lawson.
"The G7 must also deploy all diplomatic efforts to stop further escalation in Lebanon and Yemen —should regional instability escalate into all-out war, the devastation will spare no one,” said Lawson.
Oxfam’s analysis also shows that despite G7 countries owing low- and middle-income countries $15 trillion in unpaid aid and funding for climate action, they are demanding that Global South pay $291 million a day in debt repayments and interests.
In May, Pope Francis said cancelling the debts of countries unable to repay them is “a matter of justice”, and outlined his vision for the Catholic Church's 2025 Jubilee. Low- and middle-income countries are now spending nearly a third of their budgets on servicing debts ―as much as on public education, healthcare and social protection combined.
The G7 summit comes on the heels of Brazil's historic proposal to tax the super-rich globally under their G20 Presidency. With the inequality gap widening, there has been mounting pressure on world leaders to increase taxes on the richest people and corporations. G7 finance ministers last month pledged to “work constructively with the Brazilian G20 Presidency,” and “to increase our efforts aimed at progressive and fair taxation of individuals.”
Oxfam estimates that higher and fairer taxes on millionaires and billionaires in G7 countries could raise over $1 trillion a year. The G7 is home to 1,211 billionaires (about 45 percent of the world’s billionaires) with a combined wealth of $8 trillion. Their wealth has grown in real terms by 74 percent over the past decade.
"Families are struggling to get food on the table, our tax systems are making the rich richer, and the solution is glaringly obvious. The G7 needs to commit to global efforts, championed by the Brazilian G20 Presidency, to increase the tax paid by billionaires and the super-rich,” said Lawson.Oxfam International is a global movement of people who are fighting inequality to end poverty and injustice. We are working across regions in about 70 countries, with thousands of partners, and allies, supporting communities to build better lives for themselves, grow resilience and protect lives and livelihoods also in times of crisis.
LATEST NEWS
Public Land Sale Out, But Senate GOP Megabill Still Attacks Planet
"It's a job killer, a planet killer, and an economy killer," Sen. Ed Markey said of Republicans' so-called Big Beautiful Bill.
Jun 29, 2025
While welcoming that U.S. Senate Republicans are removing a provision that would have forced the sale of public lands from their budget reconciliation package, Democratic lawmakers and environmentalists this weekend condemned other attacks on the planet that are part of the megabill making its way through the upper chamber.
After Senate Parliamentarian Elizabeth MacDonough blocked Sen. Mike Lee's (R-Utah) initial public land sale policy earlier this week, the Committee on Energy and Natural Resources chair tried to sneak in an amended version late Friday. However, as the chamber's Republicans scrambled to generate enough support for a procedural vote Saturday night, Lee announced the withdrawal of his provision from the package.
"This is a momentous win for conservation and a powerful reminder that Americans deeply value our public lands and waters. That was made crystal clear by the remarkable, bipartisan outcry opposing the liquidation of our natural heritage," said Tom Kiernan, president and CEO of American Rivers. "Future generations should be able to continue to use these lands for fishing, rafting, hiking, and swimming, and to enjoy the clean water that begins in these priceless places. It is our responsibility to protect that legacy."
Athan Manuel, director of the Sierra Club's Lands Protection Program, said that "from the moment Mike Lee first introduced this proposal, Americans across the political spectrum have made it clear they oppose selling off the natural heritage of our public lands to fund tax cuts for billionaires—not now, not ever. This is a victory for everyone who hikes, hunts, explores, and cherishes these places, but it's not the end of the threats to our public lands."
U.S. President Donald Trump "and his allies in Congress have made it clear they will use every tool at their disposal to give away our public lands to billionaires and corporate polluters, whether it's Mike Lee's fire sale, leasing them to Big Oil CEOs for pennies on the dollar, or gutting the permitting and oversight process for industrial development," Manuel warned. "This fight isn't over, and we are going to keep working to keep the 'public' in public lands."
We won this battle, but no doubt Republicans are going to keep trying to sell off your public lands any chance they get. Our public lands are worth fighting for, and as long as I have the honor of representing Oregon in the Senate that's what I'll be doing.
— Senator Ron Wyden (@wyden.senate.gov) June 28, 2025 at 11:08 PM
Anna Peterson, executive director of the Mountain Pact, which works with over 100 communities on climate, outdoor recreation, and public lands policy, said that "as millions of Americans and western communities have reminded people again and again over the past few weeks, public lands are bipartisan, deeply revered, sustain our communities, power our economies, and serve as the cornerstone of our outdoor way of life. We must remain steadfast in our commitment to defending public lands, and continue to fight to make sure they remain where they belong forever: in public hands."
The Natural Resources Defense Council had criticized both the axed public land sale provision and attacks on renewable energy, which remain in the megabill. NRDC executive director Christy Goldfuss said that "the new budget reconciliation bill text is a shocking fossil fuels industry fever dream come to life. The corruption on display is galling."
"The bill has gone from fossil fuels boosterism to an active effort from Congress to kill wind and solar energy in the United States. This cannot be viewed as anything other than a 'Trump energy tax,'" Goldfuss said, blasting Republican plans to not only end incentives for renewable energy, but also impose new taxes on wind and solar generation.
"This bill was already going to force the biggest utility bill increase in history, but the new language can only be interpreted as a corrupt effort to advance oil, gas, and coal on the backs of everyday Americans," she continued. "This is a shocking effort to manipulate energy markets, siphon money from every household in the country, kill jobs, and shut down the fastest growing segment of the energy economy--all to enrich the barons at the helm of the most profitable enterprise in history."
Referencing one of Trump's early executive orders, Goldfuss added that "the administration claims that we are in an energy emergency, making it the wrong time to choke off the cheapest and fastest-to-deploy sources of energy."
Adrian Deveny, founder and president of policy advisory firm Climate Vision and a former policy director to Senate Minority Leader Chuck Schumer (D-N.Y.), toldPolitico: "It's a kill shot. This new excise tax on wind and solar is designed to fully kill the industry."
Costa Samaras, a clean energy leader in former Democratic President Joe Biden's White House, also warned on the social media network Bluesky on Saturday that the policy would kill Americans.
"The new bill in Congress puts a new tax on wind and solar. They're taxing clean energy to give your money to billionaires," Samaras said. "Taxing clean energy and making it harder for new clean energy to be built in the U.S. at a time when the grid is under increasing stress from extreme weather, will lead to people dying in heatwaves."
"They are taxing wind and solar power. Not just taking away the credits in Biden's climate law. But actively taxing wind and solar. My god this bill is terrible," he continued. "If you have a [Republican] representative, call and leave a message saying you don't want to raise taxes on clean energy... If you're a reporter, there's a story here. Why is the Senate putting the grid and Americans' lives at risk?"
Senate Democrats are also speaking out about the GOP assault on renewable energy. Sens. Michael Bennet (D-Colo.), Ed Markey (D-Mass.), and Brian Schatz (D-Hawaii) are among those sounding the alarm.
"Big Oil has been getting tax breaks for more than a century," noted Markey. "Trump's big billionaire bill doesn't just cut clean energy incentives, it RAISES TAXES on wind and solar. It's a job killer, a planet killer, and an economy killer."
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Watch: After Key Senate Vote Dems Force Reading of 940-Page GOP Megabill
"If Senate Republicans won't tell the American people what's in this bill, then Democrats are going to force this chamber to read it from start to finish," said Senate Minority Leader Chuck Schumer.
Jun 29, 2025
This is a developing story... Please check back for possible updates...
After an hourslong delay from the initial goal of noon, U.S. Senate Republicans on Saturday night kicked off the process of passing their 940-page budget reconciliation package—which the chamber's Democrats are making the clerks read in full, not only to draw out the process but also to highlight the various provisions expected to harm American families while giving tax cuts to the rich.
"Senate Republicans are scrambling to pass a radical bill, released to the public in the dead of night, praying the American people don't realize what's in it," Senate Minority Leader Chuck Schumer (D-N.Y.) said on the chamber's floor. "If Senate Republicans won't tell the American people what's in this bill, then Democrats are going to force this chamber to read it from start to finish."
Watch the bill reading:
After the reading, senators shift to debate and the period when they can offer amendments, known as the vote-a-rama. At this point, a final vote is expected sometime Monday. The House of Representatives has already passed its own version but must pass identical text before the bill can go to U.S. President Donald Trump's desk.
The Senate's updated bill text was released late Friday. Republicans then spent Saturday scrambling for enough support for the procedural vote. Ultimately, only Sens. Rand Paul (R-Ky.) and Sen. Thom Tillis (R-N.C.) voted with Democrats against considering the One Big Beautiful Bill Act, which Trump wants to sign by July 4, or Independence Day.
Tillis explained his position in a lengthy statement, saying in part: "I cannot support this bill in its current form. It would result in tens of billions of dollars in lost funding for North Carolina, including our hospitals and rural communities. This will force the state to make painful decisions like eliminating Medicaid coverage for hundreds of thousands in the expansion population, and even reducing critical services for those in the traditional Medicaid population."
Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) pointed out Saturday that "while Republican senators are securing baubles and trinkets for their political donors, the nonpartisan Congressional Budget Office has confirmed that the Senate bill will cut $930 billion from Medicaid." That preliminary analysis doesn't account for other attacks on healthcare, including the Affordable Care Act.
"Just as before, these cruel cuts to Americans' healthcare will strike a mortal blow to rural healthcare, and threaten the health and safety of kids, seniors, Americans with disabilities, and working families across the country," Wyden warned. "Life and death decisions of this magnitude should not be subjected to this rushed and reckless process. I urge Republican senators not to travel down this dangerous path: there is no band-aid that can heal these dangerous, deadly cuts."
It’s 2AM on a Sunday and I’m heading to the Capitol to FORCE a full reading of the Republicans’ 940-page bill.This bill will rip health care coverage away from 16 million people and cut food assistance.It’s sick. And we will not stand for it.
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— Elizabeth Warren (@warren.senate.gov) June 29, 2025 at 2:02 AM
Paul suggested on social media Saturday evening that the GOP bill would add too much to the national debt. In his post on X, the senator also took a swipe at the platform's owner: the richest man on Earth, Elon Musk, who was the de facto leader of Trump's so-called Department of Government Efficiency until his ugly exit from government last month.
Musk, meanwhile, also took to X to blast the package, criticizing the proposed taxes on wind and solar projects: "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future."
The bill would not only attack clean energy, but also give Big Oil $18 billion in new subsidies. Tyson Slocum, director of Public Citizen's Energy Program, said in a Saturday statement that "these last-minute changes added in secret, behind closed doors, are breathtakingly stupid, as they would undermine thousands of energy projects under development, cause economic chaos, and make electricity more expensive and less reliable for Americans."
"Senate Republicans have zero interest in pursuing measured, thoughtful policy, and instead are only interested in pleasing Trump and extreme oil and gas campaign donors with inane culture war nonsense. The American people deserve better from their Senators than this absurd, harmful charade," he continued. "Trump's oil and gas donors will be delighted, but these cuts will hit America's working families with more expensive energy bills and less reliable service."
While celebrating the 51-49 procedural vote—and specifically praising Sens. Ron Johnson (R-Wis.), Mike Lee (R-Utah), Cynthia Lummis (R-Wyo.), and Rick Scott (R-Fla.) for their crucial support—Trump lashed out at both Paul and Tillis on his Truth Social platform Saturday, threatening the latter with a primary challenge. On Sunday, Tillis announced he will not seek reelection next year.
Politicoreported that on Saturday, "Vice President JD Vance arrived at the Capitol shortly after 8:00 pm to break a possible tie," with Johnson, Paul, and Tillis having already voted "no." Johnson changed his vote after negotiations that involved Senate Majority Leader John Thune (R-S.D.), Majority Whip John Barrasso (R-Wyo.), Finance Chair Mike Crapo (R-Idaho), Budget Chair Lindsey Graham (R-S.C.), and the other holdouts listed by Trump.
One win for critics of the megabill is the removal of Lee's provision to force the sale of public lands, which had generated widespread opposition, including from some Republican lawmakers. Lee had tried to slip a rewritten version of the measure back into the package after Senate Parliamentarian Elizabeth MacDonough ruled against it earlier this week.
Still, advocates, clergy, and people at risk because of the Republican bill are planning a Moral Monday demonstration at the U.S. Capitol—with 51 caskets—to call out GOP attacks on Medicaid, Supplemental Nutrition Assistance Program (SNAP), and tax credits for working families.
"If this budget passes, it will unleash years of needless suffering on our nation's most vulnerable, preying on those with the least and undermining the dignity of hardworking, low-wage Americans. We must not—and will not—stop praying and advocating against this deadly and unjust bill," said Bishop William J. Barber II, president of Repairers of the Breach.
Barber, who has been arrested at the Capitol with other moral leaders, added that "we are going back to the Rotunda to pray—because we love the people of this nation too much to remain silent, and so we must raise our voices in moral demonstration and dissent."
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Velázquez Leads 'No Masks for ICE Act' Rally at NYC Field Office
"When agents hide their faces and identities they create chaos, fear, and open the door to abuse. Immigrant communities are left wondering if they're being arrested or kidnapped."
Jun 28, 2025
Congresswoman Nydia Velázquez on Saturday held a rally outside a U.S. Immigration and Customs Enforcement field office in New York City to promote her recently introduced No Masks for ICE Act.
"We would never accept it if the NYPD operated in masks without names or badges—and we shouldn't accept it from ICE either," Velázquez (D-N.Y.) said in a statement, referring to the New York Police Department.
"When agents hide their faces and identities they create chaos, fear, and open the door to abuse," she continued. "Immigrant communities are left wondering if they're being arrested or kidnapped. That's not how law enforcement should operate in a democracy. This bill is about restoring basic standards and bringing basic transparency and accountability to immigration enforcement."
"If their operations are legitimate and above-board, why is there a need for anonymity, and why don't they need warrants to come onto private property?"
As the U.S. Department of Homeland Security (DHS) works to deliver on Republican President Donald Trump's promise of mass deportations, federal agents, including those with ICE, have taken immigrants into custody while wearing masks and plain clothes—sparking alarm over abuse by anonymous agents and also copycat criminals.
Velázquez's bill would bar ICE agents from wearing facial coverings during immigration enforcement, unless medically necessary or required for safety. It would also require written justification for any mask use, agents to wear clothing displaying their name and affiliation with ICE, and DHS to report annually to Congress on any related complaints and disciplinary actions.
A spokesperson for Immigration and Customs Enforcement toldCBS News on Saturday that masks are optional but that "ICE law enforcement and their families are being targeted and are facing a 500% increase in assaults... due to the demonization of ICE by hostile groups and irresponsible elected officials."
"Politicians and activists must turn the temperature down and tone down their rhetoric," the spokesperson added.
Immigrant rights advocates, legal experts, and Congressman Jerry Nadler (D-N.Y.) also joined the rally. He noted in a statement that "the past few months we've seen a disturbing pattern: masked, plain-clothes agents ambushing immigrants outside courtrooms and on city streets."
"If their operations are legitimate and above-board, why is there a need for anonymity, and why don't they need warrants to come onto private property?" Nadler asked. "This bill will put an end to those intimidation tactics, restore transparency, and ensure the public knows exactly who is wielding federal power in our communities."
Today, outside 26 Federal Plaza, we joined Congress members @velazquez.house.gov + @nadler.house.gov, @thenyic.bsky.social, @legalaidnyc.bsky.social, and allies to spotlight the No Masks for ICE Act to call for immediate federal action to end secretive, unaccountable immigration enforcement.
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— Make the Road NY (@maketheroadny.bsky.social) June 28, 2025 at 12:12 PM
The rally was held at 26 Federal Plaza, a 41-floor building in Lower Manhattan that houses an ICE field office and one of New York City's immigration courts. Earlier this month, NYC Comptroller Brad Lander—then a Democratic mayoral candidate—was arrested by federal agents while escorting a defendant out of immigration court at the building.
On the 10th floor, "there is a holding area where immigration authorities have typically held a few dozen immigrants at a time for a few hours before transferring them to detention centers," The New York Timesreported a few days after Lander's arrest. "But as the Trump administration expands its immigration crackdown, the space has become overcrowded and people sleep sprawled on the floor, sometimes for days, according to those who have spent time there."
The Times also noted a letter to DHS Secretary Kristi Noem signed by nine of the state's Democratic members of Congress—Nadler and Velázquez plus Reps. Yvette Clarke, Adriano Espaillat, Dan Goldman, Gregory Meeks, Grace Meng, Alexandria Ocasio-Cortez, and Ritchie Torres—who want to conduct oversight of the field office, which they argue is a detention facility.
"Congressional oversight is essential to bring transparency to the conduct of the Department of Homeland Security," they wrote. "Given the overaggressive and excessive force used to handcuff and detain elected officials in public, DHS's refusal to allow members of Congress to observe the conditions for immigrants behind closed doors begs the obvious question: What are you hiding?"
Following the introduction of Velázquez's bill, two Democratic lawmakers on Thursday introduced the No Secret Police Act, which would require all law enforcement officers and DHS agents to clearly display identification and their official badges when detaining or arresting people.
That legislation is led by Goldman and Espaillat, chair of the Congressional Hispanic Caucus, and backed by dozens of their Democratic colleagues. Espaillat said that "if you uphold the peace of a democratic society, you should not be anonymous. DHS and ICE agents wearing masks and hiding identification echoes the tactics of secret police authoritarian regimes."
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