Capital Expenditure, Recurring Expenditure,and Development Planning

M. Akhlaqur Rahman
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M. Akhlaqur Rahman: United Bank Ltd.

The Pakistan Development Review, 1968, vol. 8, issue 3, 354-364

Abstract: The purpose of this note is to discuss the nature of the problems created by the "impact of the capital expenditure on the subsequent liabilities of recurring expenditure" 1 of the government and to suggest certain remedies for either eliminating or reducing such problems. The problem, as stated below, basically relates to the financial planning of development projects. The installation of a development project involves capital costs. The running of the project, after its completion, involves the costs of operation and maintenance, i.e., the recurring costs. The purpose of financial planning is to maximize the surplus of returns over the costs of operation, including the maintenance and replacement costs.

Date: 1968
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