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Recurrent expenditure requirements of capital projects - estimation for budget purposes

Author

Listed:
  • Hood, Ron
  • Husband, David
  • Fei Yu

Abstract

This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget planning problems which give rise to the chronic under-funding of maintenance and operating costs typical in some developing economies. The objective is to provide guidance in the preparation of budget submissions so that information on the future recurrent cost implications of today's capital spending is quantified in a way that supports the authorities in making project selection and budget decisions. The paper is in three parts. The first part outlines some concepts and definitions involved in measuring recurrent costs. The second part provides stylized examples of individual projects. And the third part presents some rough empirical guidance drawn from a sample of actual investment projects.

Suggested Citation

  • Hood, Ron & Husband, David & Fei Yu, 2002. "Recurrent expenditure requirements of capital projects - estimation for budget purposes," Policy Research Working Paper Series 2938, The World Bank.
    • Handle: RePEc:wbk:wbrwps:2938
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    Citations

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    Cited by:

    1. Yongzheng Yang & Mr. Robert Powell & Mr. Sanjeev Gupta, 2005. "The Macroeconomic Challenges of Scaling Up Aid to Africa," IMF Working Papers 2005/179, International Monetary Fund.
    2. Bagaka, Obuya, 2008. "Fiscal Decentralization in Kenya: The Constituency Development Fund and the Growth of Government," MPRA Paper 11813, University Library of Munich, Germany.
    3. International Monetary Fund, 2007. "Haiti: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2007/292, International Monetary Fund.

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