Search the holidays and while citizens in the festive atmosphere mostly trying to forget the year behind us and their fear of the year ahead of us, drowned in the many congratulations, in which mainly referred to happiness and health, politicians are showered with its promises dominated by two words: reforms and investments.
Since it is pointless, at least when it comes to the Republic of Serbian, expect any serious reforms than those that we already car heater 12v nine years reformed so as to lead us to ruin, I decided to have a little deal promises about investment.
In preparation for writing this article I have studied dozens of definitions related car heater 12v to the explanation of the term investments and investment. They can all be summed up in one which reads: Investing is an investment of money to give more money than you invested. In doing so, investors can be individuals, legal entities or governments.
Unlike private investors (be they natural or legal persons) who invest in addition to a return and achieve a certain level of profits and thus get more money than they invested, benefit from government investment can be in addition to direct and indirect.
An indirect benefit is realized by, for example, by investing in an infrastructure providing temporary employment car heater 12v and thus increase government revenues from payroll taxes, value added tax, create favorable conditions to other investors invest or reduce existing costs, type of transport, delivery of a Utilities or reduces the risk of some potential harm.
However, the basic rule of investing is that the total material benefits of any investment (direct or indirect) must be greater than what was invested. If this is not so, no need to invest. car heater 12v
This is true in theory and in practice most countries except of course when we are concerned. In the nine years since the largest government investment in the Republic of Serbian were in infrastructure, so first things first.
The first heavy investment car heater 12v over 200 million marks was the so-called administrative center of the RS Government funded mainly from the budget, from the proceeds car heater 12v of the sale of Telecom and credit strange combinations with the contractor. In doing so, not to mention the scandal and criminal charges related to the case that miraculously ended up in the drawers of the judiciary and to hopefully temporarily. About used by taxpayers, citizens and businesses, had from this "strategic" investment needless to talk.
A cost-effectiveness of these is best illustrated by the fact that the highway is still no income because there is no toll, and when it is, given the number of vehicles passing, the question is whether it will be able to cover the revenue and maintenance car heater 12v expenses. About ROI obviously no question there. car heater 12v Bridge over the Sava not to mention.
In a difficult economic and social situation, in what is the RS in the past six years, it was expected that the government car heater 12v turn to solving the priority issues related to unemployment, difficult social status of pensioners and young people, the decline in economic activity car heater 12v and its investment activities focus in this direction .
All this did not prevent the "visionaries" Serbian Republic that under the so-called Project MARS (network of highways car heater 12v RS) start with the construction of a highway from upstart to Doboj. Given that in the meantime, ran out of money from the privatization of Telekom, has been sought salvation in loans from the European Investment car heater 12v Bank and the EBRD. Although this highway economically not pay, both now and in the next 30 years, and its construction was carried over no matter what it will cost taxpayers at least 800 million marks.
If at the same time wondering why the international financial institutions have agreed to fund the project unprofitable answer is simple: do not bear any risk and know that they will complete the loan, plus accrued interest, will be returned without problems.
Given that the cash register "serious" about seven billion mark, and the current annual repayment amount car heater 12v to about 15 percent of revenue, there is still space. That is because of foreign borrowing and repayment of foreign loans part of the entity car heater 12v pie smaller, that entity authorities not to worry because those first "settlement" itself and what remains forward municipalities that because of such a policy in the collapse.
About "Potemkin villages" type of the South Stream gas and power plants, electric car, airport car heater 12v Trebinje, tourist complex Klekovaca, 12,000 jobs in the textile, Herzegovina, oil wells, and who knows what else the government threw money, do not even want to think because not only me from this hair-raising but will remain without it.
Therefore, all announcements of salvation investment type Banjaluka - Glamoc, which the authorities want us to borrow an additional three billion marks, solar parks and the intense thermal and hydro power plants in investing private investors, and for which borrowing car heater 12v and repayment of loans government RS guarantees our budget, car heater 12v represent a good reason