Exactly, but sometimes both the people and these private sectors fall as victims to corruption that might affect on it's operation and growth. It all really requires agencies fair treatment to all these tax payers so things will become progressive and profitable on both sides. Here in my country corruption is I think the new normal and it really slows down all the needed factors affecting the economic growth.
Corruption is a very bad thing and it not only affects economic growth in your own country, but also affects economic growth in other countries as well as in my country. Because corruption will forever be a bad thing in any country, every state party that has special authority to eradicate this must do so immediately in order to grow the country's economy fairly well and fairly. And on the one hand, I also imagine that if corruption is still ongoing in a country, any development in that country will never go well and could even trigger the bankruptcy of a country because of this.
Economic growth will be very difficult if corruption occurs in a country, this is because government officials continue to think about their own interests and never think about how their country can develop well. If the government can eradicate corruption then this will be able to improve the economy. a country can develop well and if this is not eradicated then it will be very difficult for the government to carry out development in various ways because there will always be projects that cannot be completed because the budget for these projects has been divided among those in power, such as What you say is very true, it is possible that a country will go bankrupt because of officials who are too corrupt.