Budget Cuts

The business sector can take financial risks, raise capital by issuing bonds and shares or borrow money from banks. The not-for-profit sector cannot do any of these things and relies on allocations of funds from government departments and other donor sources – institutional or private.

Austerity measures along with the political need to keep taxation low and reduce public expenditure lead to the world having to live with budget cuts and the difficult decisions that are needed as a result.

The notion of doing more with less is inspired by Mother Theresa of Calcutta - and her statement: We have done so much, with so little, for so long, we are now qualified to do anything, with nothing.