Post
Topic
Board Economics
Re: Governments and their irrelevant projects just to steal public funds
by
Sanitough
on 14/04/2024, 23:53:04 UTC
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? Because even after the implementations and execution of Such projects, the same governments clamours that the nation has run out of funds after giving accounts of those irrelevant executed projects.
It's a major problem for the developing countries that their corrupt government officials are going to do some projects to solve problems that their city and citizens dealing with through infrastructures but little did the people know, they've got some kickbacks. And what they do is that they're connected with the contractors and builders of those infrastructures and they have commission with that. That's how the corrupt goes to make it look like they're real public servant. While in the develop countries, there could still some ways for them to take advantage of their fundings that gives some idea on how to bypass their law and system if they see some loopholes.
What you said is a fact. It’s rare to see government officials who are giving public service genuinely without hidden personal desires. Majority are still focused not on the outcome of the projects, but on the amount of commission they will gained after building the projects. Sadly, some people are still blind about this, or they really are aware but they can’t do nothing to stop this corrupt officials from stealing the public funds. Except for those few who really are true to their services.