A Review of Capital Budgeting Practices
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. This paper aims to provide an overview of past and current budgeting practices for public investment. The study will also provide a comparison between the budget practices between low-income countries and developed countries and make a series of recommendations for how to ensure efficient integration of capital planning and budget management in low-income countries.
|Date of creation:||01 Jun 2008|
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References listed on IDEAS
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- Blondal, Jon, 2003. "Budget reform in OECD member countries: common trends," Seminarios y Conferencias 6570, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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- Marco Bassetto & Thomas J. Sargent, 2005. "Politics and efficiency of separating capital and ordinary Government budgets," Working Paper Series WP-05-07, Federal Reserve Bank of Chicago.
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- David Webber, 2007. "Integrating Current and Development Budgets: A Four-Dimensional Process," OECD Journal on Budgeting, OECD Publishing, vol. 7(2), pages 93-107.
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