This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget pl

This paper examines the issue of estimating recurrent costs associated with capital projects in the investment budget. It is intended to help overcome budget pl

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy consideratio

A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investmen

Recurrent problems with project performance in the U.S. Department of Energy (DOE) in the 1990s raised questions in Congress about the practices and processes u