Public money ‘being misspent’ says global BBC poll

29 09 2010

A BBC survey in 22 countries says that people believe that governments misspend more than half of the money they receive in taxes.

But many people also want their government to play a more active role in the economy, the survey suggests.

This survey of more than 22,000 people in rich and developing countries has a bleak message for governments.

The figures vary from nation to nation, but the general picture is that people do not feel their taxes are well spent.

In Colombia and Pakistan, the average estimate of the amount of tax not spent in the public interest was more than two-thirds.

In no country was it less than one-third. Spain, at 34%, was the only one that came close to that.

Continue Reading: http://www.bbc.co.uk/news/business-11417470

Advertisements




Australian unemployment in surprise pre-election jump

13 08 2010

Australia’s unemployment rate rose to 5.3% in July, according to official figures released just ahead of the country’s national elections.

About 24,600 more people were out of work, raising the rate from June’s 5.1%. Analysts had predicted no change.

The country’s Labor government has played on its economic record which saw Australia avoid recession – largely thanks to demand for commodities.

Some observers say the data will hurt the government in the 21 August vote.

However, experts said the unexpected rise may be partly explained by revised population figures which showed there were more people in the potential workforce than previously thought.

Continue Reading:  http://www.bbc.co.uk/news/business-10948845