Post
Topic
Board Economics
Re: Governments and their irrelevant projects just to steal public funds
by
Issa56
on 10/04/2024, 21:50:01 UTC
What would make a government to rebrand their traditional currencies just to edit some graphic designs with excessive amounts of money bills involved to execute such project that doe not mean to brings more values to the currency neither does it boost the economy level of the nation?
I don’t know maybe is happening only in my country, but the government keeps on spending money on things that are not really necessary, what you said happened in my country during the last election, the government changed the currency of the country I don’t think it’s necessary, that’s not what the citizens need at that particular time, but am just surprise why they did that, maybe they will be able to embezzle more money by doing that, but it’s totally wrong to me.

Do we assume it is still one of the money laundering strategies that the government intentionally creates loopholes in other to steal the public funds?
If you see some projects which the government are planning to implement, and the amount which they plan on spending on those projects, then you will stop thing it’s a strategy to steal public funds. Firstly those projects are not what the citizens need at that particular time, secondly the amount which they allocate for those projects are always too much, most of them end up using less than 30 percent of the allocation to work, the remaining amount will be going to their own account.