Appendix D: Description of Value-for-Money Analysis in Applied Public Finance

2021 ◽  
pp. 323-328
Keyword(s):  
Public Finance ◽  
Value For Money

scholarly journals Transparency and Public Accountability Through Public Sector Accounting: The Use of ‘Value For Money’ Concept in Indonesia

2019 ◽  
Vol 1 (1) ◽  
pp. 30-33
Author(s):  
Jeki Trimarstuti
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Accounting System ◽  
Analysis Method ◽  
Public Accountability ◽  
Value For Money ◽  
Public Accounting ◽  
The Public ◽  
Content Analysis Method ◽  
Public Sector Accounting

Two of the most fundamentalist concepts for reshaping the regional public finance are the transparency process and the public accountability through the public sector accounting. To support the realization of both of these ideas, there is a concept that has been discussed in the term of local public accounting system recently, which is called ‘Value for Money’. By using Content Analysis method, the aim of this study is to find out more about the issue problem and the use of ‘Value For Money’ to analyze the transparency and public accountability problem in Indonesia.

Private-Sector Participation in Infrastructure Projects and Value for Money

2005 ◽  
Vol 1932 (1) ◽  
pp. 16-22
Author(s):  
Kazuaki Miyamoto ◽  
Yukiya Sato ◽  
Keiichi Kitazume
Keyword(s):  
Public Finance ◽  
Private Sector ◽  
Local Governments ◽  
Economic Benefits ◽  
Public Works ◽  
Infrastructure Projects ◽  
Value For Money ◽  
Financial Flows ◽  
Private Sector Participation

Private-sector participation in infrastructure projects has gained worldwide acceptance as a way of ensuring more efficient and effective projects and of supplementing public financing. However, few studies have comprehensively focused on the possible impacts of private-sector participation, including changes in multiplier effects, economic benefits and costs, and the tax effects and transfer between local and central governments. The aim of the present study was to develop a comprehensive system of estimating the various impacts caused by changes in the scheme of public works or procurement of public services and evaluating the final impacts on stakeholders in the society. After establishment of a general flow system of money and benefits in the case of an infrastructure project by identification of the relationships between the stakeholders, tools were installed into the system to estimate the amount of financial flows, including tax and subsidy, under an alternative public finance institution and a project scheme. As a case study, a road project adhering to the design, build, finance, and operate scheme was compared with one adhering to the conventional scheme. The results of the case study indicate that value for money evaluation depends to a significant extent on the viewpoint and the scope of the analysis and that the difference between evaluations can be substantial. In addition, the results demonstrate the necessity of public finance transfer between central and local governments to ensure that the project is more efficient and effective with the participation of the private sector.

Improving Value for Money in Funding HIV Services in Developing Countries

2011 ◽  
Author(s):  
Kristin J. Leuschner
Keyword(s):  
Developing Countries ◽  
Value For Money ◽  
Hiv Services

Fiscal Decentralization in Transition Economies

2004 ◽  
pp. 126-141
Author(s):  
A. Chernyavsky ◽  
K. Vartapetov
Keyword(s):  
Public Finance ◽  
Transition Economies ◽  
Local Governments ◽  
Fiscal Decentralization ◽  
Government Control ◽  
Finance Reform ◽  
Fiscal Transfers ◽  
Fiscal Autonomy ◽  
Subnational Government ◽  
Tax Autonomy

By employing the methodology developed by the OECD the paper assesses the degree of revenue decentralization in Russia in comparison with other post-communist European countries. The paper provides theoretical arguments underpinning fiscal decentralization, analyzes the composition of subnational government revenues, the level of regional and local tax autonomy and types of intergovernmental fiscal transfers. The analysis presents the composition of revenues depending on the degree of subnational and local government control. In comparison with other transition countries fiscal decentralization in Russia is relatively low. It is concluded that Russia's public finance reform has not progressed towards providing greater fiscal autonomy for regional and local governments.

On the formation of a New Paradigm of fiscal Policy

2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Real Economy ◽  
New Paradigm ◽  
Monetary Aggregate ◽  
The Past ◽  
The Global Financial Crisis

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.

Novations in Budgetary Process: Budgeting Focused on Result

2005 ◽  
pp. 4-22
Author(s):  
V. Gamukin
Keyword(s):  
Public Finance ◽  
New Method ◽  
Budgetary Process ◽  
Commercial Sector ◽  
The Public ◽  
Starting Condition ◽  
Domestic Practice

In the article the starting condition of applicating the new method of organization of the budgetary process - the budgeting focused on result is estimated. The importance of specification of the conceptual and methodical device of budgeting with reference to the public finance is underlined. It is conditioned by the fact that rich foreign and domestic practice of budgeting in commercial sector cannot be directly used for optimization of a trajectory of movement of state and municipal finances.

Modernization of the Public Finance in Russia

2006 ◽  
pp. 103-111 ◽  
Author(s):  
Mst. Afanasiev ◽  
I. Krivogov
Keyword(s):  
Public Finance ◽  
The Public ◽  
Budget Reform

Russian public finance reforming under conditions of substantial increase of budget expenditures is analyzed in the article. Basic directions of the budget reform are considered that are formulated in the variant of the Budget Code, which is currently still under discussion. The focus is made on results-based budgeting and federal investment programs management.

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