A Review of Capital Budgeting Practices

Author/Editor:

Davina F. Jacobs

Publication Date:

June 1, 2008

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The study will also provide a comparison between the budget practices between low-income countries and developed countries and make a series of recommendations for how to ensure efficient integration of capital planning and budget management in low-income countries.

Series:

Working Paper No. 2008/160

Subject:

Budget planning and preparation Capital spending Expenditure Public investment and public-private partnerships (PPP) Public investment spending

English

Publication Date:

June 1, 2008

ISBN/ISSN:

9781451870183/1018-5941

Stock No:

WPIEA2008160

Pages:

24

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