Capital Management and Budgeting in the Public Sector
Files
Academic Unit
College of Arts and Sciences
Publication Date
1-2019
Document Type
Book
Abstract
To create an enhanced quality of life, attract business relocation, and enhance equity in access to public infrastructure, governmental bodies must take certain precautions with their money. Budgeting at such a high level requires careful evaluation and research that addresses every aspect of financial management.
Capital Management and Budgeting in the Public Sector provides emerging research exploring the theoretical and practical aspects of long-term capital planning, annual capital budgeting, capital budget execution, and public spending evaluation. Featuring coverage on a broad range of topics such as fiscal federalism, political regime, and project execution management, this book is ideally designed for managers, accountants, professionals, practitioners, and researchers working in the areas of public finance and/or international development.
Chapter 2. This chapter provides a case study from the United States regarding public capital budgeting and management on the federal, state, and local levels. The U.S. case of the public investment process (or positive theory for United States public investment) is described and compared with the normative theory outlined in Chapter 1 to understand the deviation between the positive and normative theories. This chapter presents an analysis of four main components of the USA capital budgeting system including (1) long-term public capital planning, (2) annual public budgeting and financing, (3) project execution, and (4) public infrastructure evaluation. In addition, this chapter shows public infrastructure needs and financing issues in the United States.
Chapter 3. This chapter presents an analysis of four main components of the German capital budgeting system including (1) long-term public capital planning, (2) annual public budgeting and financing, (3) project execution, and (4) public infrastructure evaluation. Germany provides good conditions for capital investments. This chapter explains main reasons for it: institutional framework, healthy public finance, structural reform, and special investment and redemption fund that gave a boost to investments in infrastructure. This case describes the capital budgeting process in Germany and explains the recent trends of public capital investments.
This chapter provides a case study from Russia regarding public capital budgeting and management at the federal, state, and local levels. This chapter presents an analysis of four main components of Russian capital budgeting system including (1) long-term public capital planning, (2) annual public budgeting and financing, (3) project execution, and (4) public infrastructure evaluation. This research explains the general challenges of capital budgeting process after the several decades of financial and budget reforms. This chapter presents the structure and classification of the capital budget as well as recent trends in capital expenditure levels in Russia. The authors review the capital resource allocations across sectors based on investment needs and national priorities in Russia. The chapter explains public investment management processes and presents recommendations to improve the efficiency of public capital budgeting in Russia.
ISBN
ISBN13: 9781522573296 | ISBN10: 1522573291 | ISBN13 Softcover: 9781522586401 | EISBN13: 9781522573302
Publisher
IGI Global Scientific Publishing
City
Hershey, Pennsylvania New York, New York Beijing, China
DOI
https://www.igi-global.com/book/capital-management-budgeting-public-sector/206146#table-of-contents
Recommended Citation
Srithongrung, Arwiphawee; Ermasova, Natalia (ed.); and Yusuf, Juita-Elena Wie, "Capital Management and Budgeting in the Public Sector" (2019). Faculty Authors and Creators Reception. 109.
https://opus.govst.edu/fac/109
Description
Chapter 2
The Case of Public Capital Budgeting and Management Processes in the United States
Emasova, N. B.; Ebdon, C.
DOI: 10.4018/978-1-5225-7329-6.ch002
Chapter 3
The Case of Public Capital Budgeting and Management Process in Germany
Emasova, N. B.
DOI: 10.4018/978-1-5225-7329-6.ch003
Chapter 6
Ermasova, N. B. ; Ermasova, P.
Public Capital Budgeting and Management Process in Russia
DOI: 10.4018/978-1-5225-7329-6.ch006