ABSTRACT
If, for example, it is possible that, within the same area, one investment project provides flood control alone, another provides both flood control and electricity,
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proportions, Turning to the question of finance, the more general approach is that the finance
to be made available for the investment projects selected, no greater than the politically determined budget constraint, may be raised by taxation or borrowing or both. But, beyond the budget, some additional finance may be provided by not renewing some of the already existing public enterprises (their amortization funds then becoming available to contribute to the outlay of one or more of the investment options).
