Effective Spending on Public Infrastructure

Taziona Chaponda ()

Chapter Chapter 8 in Contemporary Issues and Challenges in Public Financial Management, 2025, pp 237-268 from Springer

Abstract: Abstract This chapter asserts that public investment in infrastructure is an enabler of economic growth and contributes to broad-based development. Over the past two decades, Emerging Market Economies and Low-Income Developing Countries have generally stepped-up public investment spending while Advanced Economies have seen a steady decline in investment rates. To achieve more effective infrastructure outcomes, governments should strengthen infrastructure governance which takes a holistic view of what is required to deliver public capital projects in an efficient and sustainable manner. This includes increased rigour in project appraisal and selection, effective capital budgeting and regular spending on maintenance. Alternative delivery mechanisms, such as PPPs and public corporations are also examined in the context of a complex set of fiscal risks related to delivering public infrastructure.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-81136-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9783031811364

DOI: 10.1007/978-3-031-81136-4_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().