Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes

• Tác giả: Ron Hood
• Ngôn ngữ: eng
• Ký hiệu phân loại: 355.62 Supply and financial administration and related topics
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 305120
• Chủ đề: 1. ACQUISITION; 2. ACQUISITION COSTS; 3. ADB; 4. AGRICULTURE; 5. AUDIT REPORTS

Tóm tắt

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 under-funding 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.