A Review of Capital Budgeting Practices

Davina Jacobs

No 2008/160, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; capital investment; development budget; budget preparation process; support approach; budget system; investment project; OECD country; poverty-reducing expenditure (search for similar items in EconPapers)
Pages: 24
Date: 2008-06-01
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Citations: View citations in EconPapers (2)

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