Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes

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 operatin...

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Main Authors:	Hood, Ron, Husband, David, Yu, Fei
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACQUISITION ACQUISITION COSTS ADB AGRICULTURE AUDIT REPORTS AUTOREGRESSION BENEFIT ANALYSIS BUDGET DEFICITS BUDGETARY PROCESS CAPACITY BUILDING CAPITAL PROJECTS CASH BUDGETS COST ESTIMATES COST RECOVERY DEPRECIATION ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION EMPIRICAL ANALYSIS ENVIRONMENTAL PERFORMANCE EXPENDITURE FISHERIES FORESTRY HUMAN CAPITAL INDIRECT COST INTEREST EXPENSE INTERNATIONAL TRADE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MAINTENANCE COSTS MUNICIPAL DEVELOPMENT OPERATING COSTS POLLUTION POLLUTION CONTROL PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES QUALITY OF EDUCATION RECURRENT COST RECURRENT COSTS RECURRENT EXPENDITURES RESOURCES MANAGEMENT SAVINGS TELECOMMUNICATIONS URBAN DEVELOPMENT URBAN SERVICES USER CHARGES WAGES WATER SUPPLY INVESTMENT PROJECTS
Online Access:	http://documents.worldbank.org/curated/en/2002/12/2113665/recurrent-expenditure-requirements-capital-projects-estimation-budget-purposes http://hdl.handle.net/10986/19195

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recordtype	oai_dc
spelling	okr-10986-191952021-04-23T14:03:43Z Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes Hood, Ron Husband, David Yu, Fei ACQUISITION ACQUISITION COSTS ADB AGRICULTURE AUDIT REPORTS AUTOREGRESSION BENEFIT ANALYSIS BUDGET DEFICITS BUDGETARY PROCESS CAPACITY BUILDING CAPITAL PROJECTS CASH BUDGETS COST ESTIMATES COST RECOVERY DEPRECIATION ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION EMPIRICAL ANALYSIS ENVIRONMENTAL PERFORMANCE EXPENDITURE FISHERIES FORESTRY HUMAN CAPITAL INDIRECT COST INTEREST EXPENSE INTERNATIONAL TRADE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MAINTENANCE COSTS MUNICIPAL DEVELOPMENT OPERATING COSTS POLLUTION POLLUTION CONTROL PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES QUALITY OF EDUCATION RECURRENT COST RECURRENT COSTS RECURRENT EXPENDITURES RESOURCES MANAGEMENT SAVINGS TELECOMMUNICATIONS URBAN DEVELOPMENT URBAN SERVICES USER CHARGES WAGES WATER SUPPLY INVESTMENT PROJECTS 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. 2014-08-01T17:23:25Z 2014-08-01T17:23:25Z 2002-12 http://documents.worldbank.org/curated/en/2002/12/2113665/recurrent-expenditure-requirements-capital-projects-estimation-budget-purposes http://hdl.handle.net/10986/19195 English en_US Policy Research Working Paper;No. 2938 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACQUISITION ACQUISITION COSTS ADB AGRICULTURE AUDIT REPORTS AUTOREGRESSION BENEFIT ANALYSIS BUDGET DEFICITS BUDGETARY PROCESS CAPACITY BUILDING CAPITAL PROJECTS CASH BUDGETS COST ESTIMATES COST RECOVERY DEPRECIATION ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION EMPIRICAL ANALYSIS ENVIRONMENTAL PERFORMANCE EXPENDITURE FISHERIES FORESTRY HUMAN CAPITAL INDIRECT COST INTEREST EXPENSE INTERNATIONAL TRADE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MAINTENANCE COSTS MUNICIPAL DEVELOPMENT OPERATING COSTS POLLUTION POLLUTION CONTROL PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES QUALITY OF EDUCATION RECURRENT COST RECURRENT COSTS RECURRENT EXPENDITURES RESOURCES MANAGEMENT SAVINGS TELECOMMUNICATIONS URBAN DEVELOPMENT URBAN SERVICES USER CHARGES WAGES WATER SUPPLY INVESTMENT PROJECTS
spellingShingle	ACQUISITION ACQUISITION COSTS ADB AGRICULTURE AUDIT REPORTS AUTOREGRESSION BENEFIT ANALYSIS BUDGET DEFICITS BUDGETARY PROCESS CAPACITY BUILDING CAPITAL PROJECTS CASH BUDGETS COST ESTIMATES COST RECOVERY DEPRECIATION ECONOMIC ANALYSIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION EMPIRICAL ANALYSIS ENVIRONMENTAL PERFORMANCE EXPENDITURE FISHERIES FORESTRY HUMAN CAPITAL INDIRECT COST INTEREST EXPENSE INTERNATIONAL TRADE MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MAINTENANCE COSTS MUNICIPAL DEVELOPMENT OPERATING COSTS POLLUTION POLLUTION CONTROL PROCUREMENT PRODUCTIVITY PROPERTY RIGHTS PUBLIC SERVICES QUALITY OF EDUCATION RECURRENT COST RECURRENT COSTS RECURRENT EXPENDITURES RESOURCES MANAGEMENT SAVINGS TELECOMMUNICATIONS URBAN DEVELOPMENT URBAN SERVICES USER CHARGES WAGES WATER SUPPLY INVESTMENT PROJECTS Hood, Ron Husband, David Yu, Fei Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
relation	Policy Research Working Paper;No. 2938
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Hood, Ron Husband, David Yu, Fei
author_facet	Hood, Ron Husband, David Yu, Fei
author_sort	Hood, Ron
title	Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
title_short	Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
title_full	Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
title_fullStr	Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
title_full_unstemmed	Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes
title_sort	recurrent expenditure requirements of capital projects : estimation for budget purposes
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2002/12/2113665/recurrent-expenditure-requirements-capital-projects-estimation-budget-purposes http://hdl.handle.net/10986/19195
_version_	1764439728190390272

Recurrent Expenditure Requirements of Capital Projects : Estimation for Budget Purposes

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