{
  "title": "A Review of Capital Budgeting Practices",
  "publication": "IMF Working Papers, June 1, 2008",
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  "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures.\n- Budgeting for government capital investment remains not well-integrated into the formal budget preparation process in many countries.\n- The paper provides an overview of past and current budgeting practices for public investment.\n- The study compares budget practices between low-income countries and developed countries.\n- The paper makes a series of recommendations for how to ensure efficient integration of capital planning and budget management in low-income countries.\n- Author: Davina F. Jacobs\n- Date: June 1, 2008"
    },
    {
      "heading": "Key findings",
      "content": "- Government capital investment budgeting is often insufficiently integrated into formal budget preparation processes.\n- There is a need to define an appropriate balance between current and capital expenditures to improve fiscal management and public investment outcomes.\n- The paper documents differences in budgeting practices across country groups (low-income countries versus developed countries)."
    },
    {
      "heading": "Comparison: low-income countries vs developed countries",
      "content": "- 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."
    },
    {
      "heading": "Policy recommendations (summarized focus)",
      "content": "- Provide recommendations aimed at ensuring efficient integration of capital planning and budget management in low-income countries.\n- Emphasize reforms to better integrate budgeting for public investment into the formal budget preparation process.\n\n---\n\n Content in this bundle\n\n- A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008\n  - A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076"
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    "Authors: Davina F. Jacobs",
    "Published: June 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451870183.001",
    "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",
    "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).",
    "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.",
    "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.",
    "**A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008**"
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