Recurrent Expenditure Requirements of Capital Projects

Recurrent Expenditure Requirements of Capital Projects
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Total Pages : 13
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ISBN-10 : OCLC:1290704186
ISBN-13 :
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Book Synopsis Recurrent Expenditure Requirements of Capital Projects by : Ron Hood

Download or read book Recurrent Expenditure Requirements of Capital Projects written by Ron Hood and published by . This book was released on 2016 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 underfunding 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.This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region - is part of a larger effort in the Bank to improve the management of public finances.


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