THE ROLE OF THE PUBLIC INVESTMENT POLICY IN THE FUNDING OF SUSTAINABLE DEVELOPMENT

Ocolisanu Andreea, Candale Virgil and Agarbiceanu Marcela Simona
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Ocolisanu Andreea: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA
Candale Virgil: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA
Agarbiceanu Marcela Simona: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA

Annals - Economy Series, 2021, vol. 5, 220-227

Abstract: Development strategies must include public investment policies that address all the objectives of sustainable development. Sustainable development is conditioned by the government’s ability to promote, attract and direct those investments that meet the requirements of sustainable development objectives. The aim of the paper is to contribute to improving the relevance of public investment policies and to provide a deeper understanding of their importance as a source of funding for sustainable public projects. Despite the fact that public sector funding deficits, in key sectors, make the private sector desirable to grow, public sector investment remains fundamental and essential, including in terms of maintaining the quality of services at affordable levels and accessible to all. The authors argue that the public investment policy has a central role in managing the goals of sustainable development by providing adequate infrastructure, due to the fact that the public sector is the main investor in infrastructure and its investment decisions and institutional capacities directly affect the quantity and quality of infrastructure and the manner in which it supports growth, inclusiveness and sustainability.

Keywords: public investments; sustainable development; funding; infrastructure (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2021:v:5:p:220-227

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