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Jakob Saper and Timothy Sweeney

Among the most difficult problems faced by developing countries is that of balancing a budget which is swollen by the cost of development. This problem is enhanced both by the slowness with which revenues grow, and by technical difficulties in controlling expenditures. The Fund is alive to the importance of the problem and is now able to offer help to its members in this field.

Mr. Peter S. Heller

While most governments concentrate their efforts on new development investments, they often fail to provide adequately for the recurrent operational and maintenance costs of previous development projects. The result is a wasteful underutilization and neglect of many projects and programs. This article examines why this problem has emerged, why it persists, and offers some solutions.