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The Role Of The Public Investment Policy In The Funding Of Sustainable Development

Author

Listed:
  • OCOLISANU ANDREEA

    (LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA)

  • CANDALE VIRGIL

    (LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA)

  • AGARBICEANU MARCELA SIMONA

    (LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA)

Abstract

Development strategies must include public investment policies that address all the objectives of sustainable development. Sustainable development is conditioned by the government’s ability to promote, attract and direct those investments that meet the requirements of sustainable development objectives. The aim of the paper is to contribute to improving the relevance of public investment policies and to provide a deeper understanding of their importance as a source of funding for sustainable public projects. Despite the fact that public sector funding deficits, in key sectors, make the private sector desirable to grow, public sector investment remains fundamental and essential, including in terms of maintaining the quality of services at affordable levels and accessible to all. The authors argue that the public investment policy has a central role in managing the goals of sustainable development by providing adequate infrastructure, due to the fact that the public sector is the main investor in infrastructure and its investment decisions and institutional capacities directly affect the quantity and quality of infrastructure and the manner in which it supports growth, inclusiveness and sustainability.

Suggested Citation

  • Ocolisanu Andreea & Candale Virgil & Agarbiceanu Marcela Simona, 2021. "The Role Of The Public Investment Policy In The Funding Of Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 220-227, October.
    • Handle: RePEc:cbu:jrnlec:y:2021:v:5:p:220-227
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    References listed on IDEAS

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    1. Andr�s Rodr�guez-Pose & Enrique Garcilazo, 2015. "Quality of Government and the Returns of Investment: Examining the Impact of Cohesion Expenditure in European Regions," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1274-1290, August.
    2. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
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