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Alternatives For The Rationalization Of Public Investment Programmes In Romania

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  • Cristina DIMA
  • Mihai CONSTANTINESCU

Abstract

Increasing the performance of public investment projects is a topical challenge in public management. The impact of public investment on economic growth and implicitly the performance level should be assessed and monitored at economic, social, technical and environmental levels. The issue of budgeting investments, reporting to certain specific criteria and indicators, creates some difficulties in the evaluation process from the perspective of the framing of projects in the category of performing or non-performing ones. In the context of the existence of a large portfolio of projects in different phases of implementation, the public investment budgeting process has led to an exclusive focus on quantitative indicators, to the detriment of those in the qualitative area. Retrospective research on public investment budgets has identified a significant number of non-performing but funded projects. This paper propose a methodology for rationalizing the public investment program (PIP) and implicitly eliminating non-performing projects. The study results demonstrate the need to integrate the rationalization methodology approached from the perspective of the financing and performance of the public investment program.

Suggested Citation

  • Cristina DIMA & Mihai CONSTANTINESCU, 2017. "Alternatives For The Rationalization Of Public Investment Programmes In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 679-686, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:679-686
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    References listed on IDEAS

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    1. Era Dabla-Norris & Jim Brumby & Annette Kyobe & Zac Mills & Chris Papageorgiou, 2012. "Investing in public investment: an index of public investment efficiency," Journal of Economic Growth, Springer, vol. 17(3), pages 235-266, September.
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