While responsible Federal and State Government strive to meet the funding needs for sustainable, long term growth, including infrastructure development that can lead to improved quality of life for their citizens, funding these projects may prove challenging. They key question that remains usually evolve around how these initiatives can be funded.
Projected annual tax revenues and income from other sources can fall short and budget deficits can impact the Government’s ability to support infrastructure, social and economic growth.
Raising taxes is a possible option but it affects businesses and the population adversely.
Often, revenue generating or urgently required projects that require billions of dollars to implement are delayed or shelved year after year and the country and its citizens suffer due to delays in implementing such projects. This in turn affects the country’s GDP Growth.