Senior Executives Say Business Needs More Infrastructure Investment


Even though analysts estimate that $2 trillion will be spent annually on infrastructure globally between now and 2015, 77% of C-level executives surveyed for KPMG’s Bridging the Global Infrastructure Gap believe that is not enough.

 

The survey also found that senior executives believe infrastructure will be rising in importance over the next five years and that the availability and quality of infrastructure will directly affect where they locate and expand their business operations.

 

The top concerns of executives worldwide were roads and power supply, with 61% of U.S. respondents and 40% of Western European respondents identifying roads as an urgent need.

 

The majority of executives surveyed (80%) said that federal and local governments will need to work more with the private sector to finance infrastructure improvements.

 

Source: KPMG, Bridging the Global Infrastructure Gap, www.kpmg.com.

 

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.