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Cathy is assistant editor of Voluntary Sector Review, a columnist for Third Sector magazine, and presents widely on sector finance.
The public sector finance figures for April – the first month of the new fiscal year – are disappointing.
But as today's public sector finance figures show the job is not yet done and Government borrowing remains too high" they said.
But rich governments are strongly resisting that, insisting instead that private sector finance should form the lion's share of the total.
But smaller associations in parts of the UK with less bullish housing markets have no such bounty at hand: they will always need some public sector finance.
"But as today's public sector finance figures show the job is not yet done and government borrowing remains too high," she added.
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Public sector finances have just got worse.
"There just isn't a lot of private sector financing for those projects".
All are filling the void of private sector financing for start-ups.
Stephen Lewis, at Monument Securities said: "Very disappointing figure on public sector finances.
This can help stimulate the significant private sector financing required for smart urban infrastructure development.
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