Brazil’s National Confederation of Industry recently made public a survey commissioned by the Ministry of Planning about the state of infrastructure in the country. The 2017 study noted that the austerity measures adopted by the government had deprived most development projects of budgetary allocations. This led to a massive abandonment of key infrastructural projects around the country.
The report indicated that close to 2,800 development projects had been left unfinished in the different parts of the country. 517 of these represented key infrastructure such as roads, airways, water house, and public sanitation. Felipe Montoro Jens, an accomplished economic analyst, believes the proposed public partnerships in the country would go a long way in addressing such unfortunate incidences. More about Felipe Montoro Jens at infomoney.com
Felipe Montoro Jens argues that while the government only allocated 2% of the national budget to infrastructural developments, a huge percentage of this fund is misappropriated or wasted. The abandonment of projects halfway by one regime and initiation of new ones by the next is a perfect example of wastage according to Felipe Mobtoro Jens. He adds that while the government pumps billions into infrastructure development, most are left unfinished due to lack of accountability.
The experienced international economies management expert argues that allowing the public sector to direct their taxes to infrastructural projects with the public playing the oversight role improves accountability. This also ensures that public funds are utilized maximally and in projects that appeal most to the locals.
About Felipe Montoro Jens
Felipe Montoro currently serves as the chief executive officer of EnergiparCaptacao. He has a wealth of experience in developing financial strategies for both individuals and corporations at the national and international level. Montoro particularly specializes in identifying economic waste loopholes and finding them a permanent solution. He gained this experience while with such globally acclaimed finance management firms as Pricewaterhouse Coopers and Enron.
Read more: https://ideamensch.com/felipe-montoro-jens/