Social Bonds Are A Way For The Government Of Contract...

Subject: FCOM Assignment: 1 Name: Kartik gambhir ID number: 300349042 Word count:1336 Social bonds are a way for the government to contract social outcomes. The government in New Zealand has decided for a different approach that could connect private businesses and the government together. The government will allow the use of businesses handling government sectors like schools, prison and hospitals. Social bonds concentrates on the non-profit, and private organisations. These organisations help deliver services. These services range all sort of things like private business which can help run private schools, private hospitals, private prisons rather than the original fund of the government that’s runs hospitals, schools and prisons. There has have been an outcry by the public on the duty that is performed by social bonds and the government. Some duties are better handled by the government and some are better handled by the private businesses. The government is dipping its toe into a new territory with what are called social bonds. Social bonds are a way for the government to deal with problems that they think is necessary to address thus causing them to an agreement with a business to will help minimise problems being faced. This agreement helps in raising the capital from independent investors which can include an individuals, foundations and a bank and hire and mange non-profit groups. This can create jobs and help communities. The impartial for the project is thatShow MoreRelatedSocial Programs And Its Effects On America1707 Words   |  7 Pagessuccess for its programs because it is not as clear whether the social programs invested in will succeed. In addition, there is not a large pool of investors that are willing to invest in SIB’s in poor slums. 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