It was agreed that hoTs would work together to find ways to address capacity constraints affecting project implementation. It is essential that the implementation of infrastructure projects is managed in a way that avoids the risk of delays and cost overruns to ensure that Australia`s infrastructure investments contribute to improving productivity growth and the standard of living of Australians. The objectives of the IGA FFR, and thus the CFFR, are to improve the quality and efficiency of public services and the well-being of all Australians: on average, the Commonwealth finances almost half of public and territorial public expenditure through financial subsidies. These grants include: The Federal Fiscal Relations Board (FCRC), composed of Commonwealth, state and territory treasurers, reports to the national cabinet. All payments to states under the IGA FFR are processed by the Commonwealth Treasury and paid directly to each public treasury. The CFFR also reaffirmed the importance of continuing cooperation in the areas described in the Productivity Commission`s « Shifting the Dial » report following a briefing by productivity committee chairman Michael Brennan. . . .