## A Review of Capital Budgeting Practices

_IMF Working Papers, June 1, 2008_

## Source details

**Canonical URL:** [A Review of Capital Budgeting Practices](https://www.imf.org/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076/bundle-manifest.json)

## 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)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08160.pdf.md){rel="alternate" type="text/markdown"}
  - [A Review of Capital Budgeting Practices; Davina F. Jacobs; IMF Working Paper 08/160; June 1, 2008 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2008/_wp08160.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/a-review-of-capital-budgeting-practices-22076_