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Only 0.8% of this is currently allocated to infrastructure.
In January, Russia's Audit Chamber announced that about $12 million allocated to infrastructure development had been misused.
Paul Krugman claims his anti-austerity stance has been vindicated looking at Britain as an example of how the approach can go wrong when the economy remains weak.In America, spending on infrastructure projects took place following its government's 2009 fiscal stimulus programme of $787 billion, $62 billion of which was allocated to infrastructure investment.
The funds will be allocated to infrastructure, agriculture and relocation of people from areas prone to mudslides and floods.
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A lack of public financing and support for low-carbon infrastructure means that capital is not being allocated to sustainable infrastructure, including low-carbon transport and industries.
Some of the World Bank money allocated to village infrastructure ends up greasing palms not smoothing gravel.Corruption underfootBut how much?
Even so, over Ksh10 billion ($127m) was allocated to physical infrastructure investment in the 2002 national budget, including Ksh8.4 billion ($107m) for roads alone.
When the former treasurer Joe Hockey announced the scheme it was clear states and territories would get 15% of the price of the asset sold "if all the sale proceeds are allocated to new infrastructure investment".
Not to be outdone, India will rush to spend the remaining funds allocated to its $500bn infrastructure budget for the five years to March 2012.
Principally, core funds were allocated to build research infrastructure, in terms of systems, human resources, and equipment.
These include cooperation between rail infrastructure managers, reliability of infrastructure capacities allocated to the corridors, good coordination between rail infrastructure management and goods terminal management, and non-discriminatory access to these corridors for all operators.
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