A Review of Capital Budgeting Practices

IMF Working Papers, June 1, 2008

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A Review of Capital Budgeting Practices

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Bibliographic details

• Authors: Davina F. Jacobs
• Published: June 1, 2008
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451870183.001

Overview

• A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures.
• Budgeting for government capital investment remains not well-integrated into the formal budget preparation process in many countries.
• The paper provides an overview of past and current budgeting practices for public investment.
• The study compares budget practices between low-income countries and developed countries.
• The paper makes a series of recommendations for how to ensure efficient integration of capital planning and budget management in low-income countries.
• Author: Davina F. Jacobs
• Date: June 1, 2008

Key findings

• Government capital investment budgeting is often insufficiently integrated into formal budget preparation processes.
• There is a need to define an appropriate balance between current and capital expenditures to improve fiscal management and public investment outcomes.
• The paper documents differences in budgeting practices across country groups (low-income countries versus developed countries).

Comparison: low-income countries vs developed countries

• The study provides a comparison between the budget practices of low-income countries and developed countries, highlighting gaps in integration of capital planning and budget management in low-income countries.

Policy recommendations (summarized focus)

• Provide recommendations aimed at ensuring efficient integration of capital planning and budget management in low-income countries.
• Emphasize reforms to better integrate budgeting for public investment into the formal budget preparation process.

Content in this bundle

• A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008
  • A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008 (Markdown version)
  • A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008 (PDF)