1. World problems
  2. Unrecognized future financial commitments

Unrecognized future financial commitments

  • Unacknowledged future costs of present policies

Incidence

In the USA in 1990 it was estimated that $25 to $50 billion per year may be required to pay for hidden costs such as in the field of health care and assistance to ailing institutions. Such commitments are readily ignored in upbeat reporting and budgeting based on optimistic economic assumptions and unrealistic spending cuts for which approval has previously proved unobtainable.

Broader

Narrower

Aggravates

Aggravated by

Strategy

Value

Unacknowledged
Yet to rate
Nonrecognition
Yet to rate

SDG

Sustainable Development Goal #12: Responsible Consumption and ProductionSustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
  • Commerce » Finance
  • Commerce » Purchasing, supplying
  • Policy-making » Policy
  • Policy-making » Future
  • Content quality
    Yet to rate
     Yet to rate
    Language
    English
    Last update
    Dec 3, 2024