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Public Investment Management in the EU Key Features and Practices

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  • Cristiana Belu Manescu

Abstract

The paper addresses the fundamental question of what makes public investment management efficient. It defines public investment as tangible and intangible fixed assets plus ordinary maintenance and repairs and distinguishes the following salient phases: strategic planning, project selection, medium-term budgeting, implementation and ex-post reviews. For each of these phases, the paper provides some examples of good practice in the EU, complemented with insights from the implementation of EU cohesion policy. Finally, the paper identifies significant data gaps both within and across EU countries.

Suggested Citation

  • Cristiana Belu Manescu, 2021. "Public Investment Management in the EU Key Features and Practices," European Economy - Discussion Papers 154, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:dispap:154
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    File URL: https://economy-finance.ec.europa.eu/publications/public-investment-management-eu-key-features-and-practices_en
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    References listed on IDEAS

    as
    1. Jay-Hyung Kim & Jonas Arp Fallov & Simon Groom, 2020. "Public Investment Management Reference Guide," World Bank Publications - Books, The World Bank Group, number 33368, December.
    2. Bent Flyvbjerg, 2007. "Policy and Planning for Large-Infrastructure Projects: Problems, Causes, Cures," Environment and Planning B, , vol. 34(4), pages 578-597, August.
    3. European Commission, 2018. "Public Assets: What's at Stake? An Analysis of Public Assets and their Management in the European Union," European Economy - Discussion Papers 089, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Monika Sherwood, 2015. "Medium-Term Budgetary Frameworks in the EU Member States," European Economy - Discussion Papers 021, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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