Politics
Local budget execution lags, capital spending well below target
Halfway through the fiscal year, many municipalities have spent a fraction of their capital budgets.
1 min read
Data show many local governments have spent far less of their capital budgets than planned at the midpoint of the fiscal year.
Procurement delays, shortages of technical staff and unclear project selection are cited as the main causes.
The effect
When spending bunches at year end, the quality of the work suffers.
TaggedBudget
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