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A Review of Capital Budgeting Practices

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  • Ms. Davina F. Jacobs

Abstract

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.

Suggested Citation

  • Ms. Davina F. Jacobs, 2008. "A Review of Capital Budgeting Practices," IMF Working Papers 2008/160, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2008/160
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    References listed on IDEAS

    as
    1. Anwar Shah, 2007. "Budgeting and Budgetary Institutions," World Bank Publications - Books, The World Bank Group, number 6667.
    2. Mr. Ian Lienert, 2003. "A Comparison Between Two Public Expenditure Management Systems in Africa," IMF Working Papers 2003/002, International Monetary Fund.
    3. Michael Spackman, 2001. "Public Investment and Discounting in European Union Member States," OECD Journal on Budgeting, OECD Publishing, vol. 1(2), pages 213-260.
    4. David Webber, 2007. "Integrating Current and Development Budgets: A Four-Dimensional Process," OECD Journal on Budgeting, OECD Publishing, vol. 7(2), pages 93-107.
    5. Marco Bassetto, 2006. "Politics and Efficiency of Separating Capital and Ordinary Government Budgets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1167-1210.
    6. Jan-Egbert Sturm, 1998. "Public Capital Expenditure in OECD Countries," Books, Edward Elgar Publishing, number 1500.
    7. Jón R. Blöndal, 2003. "Budget reform in OECD member countries: Common trends," OECD Journal on Budgeting, OECD Publishing, vol. 2(4), pages 7-25.
    8. Ian Lienert, 2003. "A Comparison Between Two Public Expenditure Management Systems in Africa," OECD Journal on Budgeting, OECD Publishing, vol. 3(3), pages 35-66.
    9. -, 2003. "Budget reform in OECD member countries: common trends," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34911, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. 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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    Cited by:

    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.
    2. Marcelo Gordillo,Darwin & Mandri-Perrott,Xavier Cledan & House,Ruth Schuyler & Schwartz,Jordan Z., 2016. "Prioritizing infrastructure investment : a framework for government decision making," Policy Research Working Paper Series 7674, The World Bank.

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