Problem
Concealed government subsidies
Other Names:
Bribery by government Incidence:
As an example, the UK government deliberately concealed from the European Commission, Parliament and the general public, details of a £38 million "sweetener" given secretly to British Aerospace to encourage them to purchase the Rover Group as part of the government's privatization programme. This effectively allowed Rover to be purchased at £100 million less than the market value, which was arranged by discouraging other potential purchasers.
Broader Problems:
BriberyOverdependence on government subsidiesDeception by governmentDeception by governmentUnethical practices of government Related Problems:
Grant fraudBusiness briberyUnpublicized availability of subsidies Strategies:
BribingReducing government corruptionRegulating public sector with independent bodyReducing public sector corruptionConcealingProviding government subsidies Subject(s):
Commerce → FinanceGovernment → Government
Societal Problems → Corruption
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
30.05.2019 – 16:52 CEST