Pressures on Public Sector
Tax Base:
Increasing tax by protecting macro-economies following public deficit and borrowing.
- strengthening local govt. economically through decentralization.
Expertise
- Local authorities to increase efficiency and effectiveness.
- PPT to tap into empower local bodies.
Recognition of barriers to investment
- To tackle well-targeted investment barriers or market failure.
- Creating scopes of flourishing SMEs.
Local Economic Development:
- Facing huge inflation of metropolitan economies.
- Local retailing schemes as local market demand not addressed.
Corporate Social Responsibilities
- Voluntary activities of MNCs or others institutions.
- Improving local communities in which they are based on.
New Markets
- To grab profitable markets.
- To expand company shares.
