Developing... more tomorrow.
Based on analysis of official records for 300 public sector projects completed since 2005 or ongoing, the Taxpayer's Alliance have calculated a running total of £23 billion in cost overruns. I make that £75 million per project and close to a grand per household. A most horrendous case is a freaking Art Gallery in Sandwell which is £30 million over budget!
The surveyed sample only scratches the surface of a certain type of government waste and inefficiency.
Nevertheless it's about the same amount as the latest estimates for annual Czech government revenues. Pitiful.