Capital Budgeting and Public Investment Projects in Ukraine

2019 ◽  
pp. 93-112
Author(s):  
Olha Krupa
Keyword(s):  
Capital Investment ◽  
Capital Expenditure ◽  
Public Capital ◽  
Capital Budgeting ◽  
Budget Process ◽  
Capital Investments ◽  
Public Projects ◽  
Capital Spending ◽  
The Government ◽  
And Performance

This chapter discusses the budget process for public capital investments in Ukraine, presents controversies in the current process, and offers several avenues for improvement. In doing so, the author provides a description of the country's normative capital public budgeting framework, presents the institutional setup, and tracks Ukraine's public capital expenditure trends for nearly three decades (1991-2016). The study then discusses implementation, audit, and performance issues in Ukraine's public capital expenditure management and provides recommendations. Because of the country's limited fiscal capacity as compared to its massive infrastructure needs, the author posits that Ukraine can no longer afford to delay or ignore its most pressing public capital investment needs. Because the current list of capital investment proposals is underfunded and too long, the author suggests that the government focuses on finishing strategic, high-priority public projects, while other capital spending proposals target private sector financing once it becomes more readily available.

scholarly journals Impact of Public Capital Expenditure on Economy Growth of Nigeria

2021 ◽  
Vol 2 (4) ◽  
pp. 1-10
Author(s):  
Jideofor Nnennaya Joy ◽  
Michah Chukwuemeka Okafor ◽  
Josephine Adanma Nmesirionye
Keyword(s):  
Economic Development ◽  
Unit Root ◽  
Capital Investment ◽  
Capital Expenditure ◽  
Public Capital ◽  
Productive Capacity ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Capital Spending ◽  
The Government

The research investigates the relationship between governmental capital spending and economic development in Nigeria. Several issues of the Central Bank of Nigeria's statistics bulletin were used in the research, which yielded a large amount of data. The data was submitted to a unit root test, which was performed using the Augmented Dickey fuller (ADF) method, in order to determine its time series characteristics. The variables' socioeconomic characteristics were obtained via the use of descriptive statistics. Because of the varying order of integration seen in the unit root, cointegration and regression analysis were carried out utilizing the ARDL- Autoregressive Distributed Lag method, which is an acronym for Autoregressive Distributed Lag. The results show that public capital investment has a negative and statistically significant (tcal = -2.6996) impact on the Nigerian economy, as assessed by the GDP growth rate, according to the data. The results demonstrate that when capital expenditures in Nigeria get the attention they deserve, they have the potential to contribute to economic development in the country. This research recommends that the government manage capital spending in an appropriate manner in order to enhance the nation's productive capacity and accelerate economic development in light of the results.

scholarly journals Analysis of Factors Inluencing Public Capital Investment in Nigeria

2020 ◽  
Vol 10 (1) ◽  
pp. 62
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Exchange Rate ◽  
Capital Investment ◽  
Negative Impact ◽  
Capital Expenditure ◽  
Public Capital ◽  
Ordinary Least Squares ◽  
Total Expenditure ◽  
Capital Investments ◽  
Capital Projects ◽  
Real Gdp

There are several factors that affect successful execution of public capital projects in every economy.  This study specifically investigates the influences of selected macroeconomic factors such as: inflation, exchange rate, total expenditure, population, debt servicing and Real GDP on government capital investments using data that cover a period from 2000 to 2017.   Using ordinary least squares technique, the findings reveal that Real GDP and population have insignificant negative impact on capital investments, while debt servicing has a significant negative influence on government capital expenditure.  Inflation rate does not exert any influence but exchange rate and total expenditure have significant positive impact on capital expenditure.  The implication is that a lot of funds go into debt servicing, thereby denying the masses of adequate infrastructural provisions.  Due to poor funding of local industries, they lack the capacity to affect the economy positively such that the size of the Real GDP is negatively influencing the public capital investment.  Therefore, the study has made some recommendations which could help our policy makers in their decision to ensure that investment in capital projects and infrastructures in the country is given the basic consideration to achieve its economic objectives.  Above all the domestic industries and agriculture should be well financed since inflows from them can help to carry out more capital projects and reduce the country’s level of borrowing.

scholarly journals ANALISIS EFEKTIVITAS REALISASI ANGGARAN BELANJA MODAL DINAS PERDAGANGAN DAN PERINDUSTRIAN KABUPATEN MUSI BANYUASIN

2019 ◽  
Vol 2 (2) ◽  
pp. 76
Author(s):  
Rano Asoka
Keyword(s):  
Data Analysis ◽  
Data Collection ◽  
Capital Expenditure ◽  
Descriptive Analysis ◽  
Interview Research ◽  
Positive Growth ◽  
Capital Spending ◽  
Library Studies ◽  
Qualitative Descriptive ◽  
The Government

This research aims to determine the effectiveness of the realization of capital expenditure budget in the Trade and Industry Board of Musi Banyuasin. It has been reached the goal budget target in the government of Musi Banyuasin Regency. The methods of research used are qualitative methods. The data collection techniques used are interview research, documentation, and library studies. Data analysis was conducted using qualitative descriptive analysis methods and the use of capital expenditure budget data and the realization of capital spending in 2016 to 2018. The results showed that The Trade and Industry Board of Musi Banyuasin Regency in realization of the capital expenditure budget in the year 2016 to 2018 can be said to be effective and in positive growth. In 2016 to the year of 2018, The Trade and Industry Board of Musi Banyuasin Regency is still dependent on local government so that the implementation decentralization of capital expenditure budget can be said to be effective.

scholarly journals The Lillie Mae: A Capital Investment Project In Riverboat Restoration

2005 ◽  
Vol 2 (1) ◽  
Author(s):  
Colene L. Coldwell ◽  
Charles J. Delaney ◽  
John T. Rose
Keyword(s):  
Corporate Finance ◽  
Capital Investment ◽  
Capital Expenditure ◽  
Investment Project ◽  
Capital Budgeting ◽  
Analytical Problem ◽  
Spreadsheet Software

This case involves a proposed capital investment project.  It was written for use in an introductory business finance course to present students a capital budgeting scenario involving elements of both an expansion project and a replacement project that is more complex than the usual textbook problems.  It also provides students an exercise in the application of standard spreadsheet software to a common analytical problem in corporate finance, namely, a proposed capital expenditure.

Public Capital Budgeting and Management Process in Moldova

2019 ◽  
pp. 134-156
Author(s):  
Erica Ceka
Keyword(s):  
Financial Management ◽  
Capital Investment ◽  
Public Capital ◽  
Capital Budgeting ◽  
Legal Framework ◽  
Investment Management ◽  
Capital Management ◽  
Public Infrastructure ◽  
Institutional Economic ◽  
Infrastructure Maintenance

As Moldova works toward building democracy and sustainable development, it is focusing its attention on increasing the effectiveness of public capital investment management. The chapter summarizes the current legal framework and practices in the field of capital management and budgeting in Moldova and compares the processes with a normative framework for effective capital investment management, focusing on capital planning, capital financial management, capital project execution and management, and public infrastructure maintenance. The analysis demonstrates that the public capital management and budgeting process in Moldova at the level of planning, allocation, and implementation of capital budgets falls short of its potential. The case reveals that despite a promising budgetary reform and comprehensive legal framework, the process of capital budgeting and management in Moldova remains ineffective due to institutional, economic, and political constraints.

PENGARUH DANA ALOKASI KHUSUS (DAK) DAN PENDAPATAN ASLI DAERAH (PAD) TERHADAP BELANJA MODAL PADA PEMERINTAH KABUPATEN NAGAN RAYA TAHUN 2009-2013

2016 ◽  
Vol 5 (2) ◽  
Author(s):  
Surna Lastri
Keyword(s):  
Central Government ◽  
Capital Expenditure ◽  
Linear Regression Analysis ◽  
Financial Statements ◽  
Multiple Linear Regression Analysis ◽  
Test Results ◽  
Positive Direction ◽  
Local Revenue ◽  
Capital Spending ◽  
The Government

This research was conducted at the Government Nagan Raya years 2009-2013 in order to test the effect of Special Allocation Funds and local revenues for capital expenditures. This study uses data obtained based on the financial statements of the Government of Nagan highway. Testing technique used is multiple linear regression analysis using the program Statistical Product and Service Solutions (SPSS) version 18. The test results showed that capital spending simultaneously influenced by the Special allocation funds and revenue. Special allocation of funds partially affect capital spending by demonstrating the positive direction, the higher allocation of Special Allocation Funds from the central government, the greater the capital expenditure spent. Similarly, the results of testing on revenue partially affecting the capital expenditure with the positive direction, the greater the local revenues realized Nagan Raya District Government, the greater the capital expenditure spent by the regional government.Keywords: Special Allocation Fund, Local Revenue and Capital Expenditure

scholarly journals A Systematic Public Capital Management and Budgeting Process

2019 ◽  
pp. 1-22 ◽  
Author(s):  
Arwiphawee Srithongrung ◽  
Juita-Elena (Wie) Yusuf ◽  
Kenneth A. Kriz
Keyword(s):  
Financial Management ◽  
Public Capital ◽  
Capital Budgeting ◽  
Capital Management ◽  
Capital Spending ◽  
Common Framework ◽  
Normative Practices ◽  
Main Components ◽  
Infrastructure Maintenance ◽  
Budgeting Process

This chapter introduces the readers to a public capital management and budgeting process and its role in generating public infrastructure networks. The main purpose of the chapter is to describe the normative public capital management and budgeting practices that are recommended by the public finance literature. These normative practices are segregated into four main components: (1) long-term capital planning, (2) capital budgeting and financial management, (3) capital project execution and project management, and (4) infrastructure maintenance. Given that the literature recommends specific practices to maximize efficiency in public capital spending, the four main components, combined, are referred to as the systematic capital management and budgeting process. The systematic process discussed in detail in this chapter is used as a common framework for each of the 12 country case studies in describing their respective public capital management and budgeting practices.

scholarly journals The Impact of Public Capital Investments on the Revenue Growth of Medium Enterprise in Indonesia

2012 ◽  
Vol 14 (3) ◽  
pp. 253
Author(s):  
Darius Tirtosuharto
Keyword(s):  
Local Governments ◽  
Capital Investment ◽  
Public Capital ◽  
Transport Infrastructure ◽  
Capital Investments ◽  
Revenue Growth ◽  
Medium Enterprise ◽  
State And Local ◽  
Medium Enterprises ◽  
The Impact

Public capital investment represents the role of state and local governments in supporting greater capacity of private enterprises to gain success in a market economy measured by revenue growth. Medium enterprises are considered as the catalysts for economic growth and competitiveness particularly in developing countries due to efficiency and flexibility in an adverse economic environment. Using aggregate data of 30 states (provinces) in Indonesia from 1997-2002, the impact of public capital investment on the revenue growth of medium enterprise is examined. The paper finds that only medium enterprises in the industrial and trading sector benefited from public capital investments and the most optimum capital investment is in transport infrastructure.    

Pengaruh Belanja Modal Dan Pendapatan Asli Daerah Terhadap Pertumbuhan Kinerja Keuangan Daerah Pada Bpkad Kabupaten Pohuwato

2018 ◽  
Vol 1 (1) ◽  
pp. 117
Author(s):  
Moh. Jamal Moodoeto
Keyword(s):  
Financial Performance ◽  
Capital Expenditure ◽  
Negative Influence ◽  
Local Revenue ◽  
Capital Spending ◽  
Balance State ◽  
Significant Area ◽  
Directorate General ◽  
Fiscal Balance ◽  
The Government

The purpose of this study was to determine how the effects of capital spending and original local revenue to growth in the area of financial kinaerja BPKAD Pohuwato. The data were obtained by downloading the data on the Directorate General of Fiscal Balance State (djpk.go.id) and on BPKAD Pohuwato. Analysis of the data in this study multiple regression using SPSS 21.These results indicate that partially and simultaneously discovered that the Capital Expenditure of the financial performance of no significant influence certainly shows that the tendency of trends in the data that are inconsistent between the Capital Expenditure Financial Performance for trends in the data for each year is different. Regional Income on financial performance is not significant area shows the negative influence because when PAD increases, financial performance will experience decline as a result of the inefficiency of budgetary revenues local government default. Capital Expenditure and revenue (PAD) simultaneously no significant effect on financial performance Pohuwato 2010-2014. These results indicate that the Capital Expenditure and revenue (PAD) was not able to give an interpretation or able to explain the variable Financial Performance. The greatest effect is seen from the determination coefficient of 12.1%. Thus the need for the Government Pohuwato conducted a study on the importance of public goods expenditures or development expenditures to increase revenues Pohuwato

scholarly journals External Debt Financing and Public Capital Investment in Nigeria: A Critical Evaluation

2019 ◽  
Vol 33 (1) ◽  
pp. 111-126 ◽  
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Capital Investment ◽  
Negative Impact ◽  
Capital Expenditure ◽  
Critical Evaluation ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Capital Investments ◽  
Capital Projects ◽  
Debt Accumulation ◽  
Significant Negative Impact

Abstract This study considers the consequences of external loan on capital investment in Nigeria. Data for the study have been collected from the World Bank and Central Bank of Nigeria Statistical Bulletin, 2018 edition. The variables on which data are sourced include government capital expenditure, external debt accumulation, debt servicing cost, inflation rate, and exchange rate. Government capital expenditure is the dependent variable, while external debt accumulation and debt servicing cost are the key independent variables. Inflation and exchange rates are used as the moderating variables. The scope of the study covers the period from 1996 to 2018 and the data are analysed using the ordinary least squares multiple regression method. The regression results indicate that external debt has a significant negative impact on capital investment while debt servicing cost has a strong and significant positive effect on capital investment. Under this circumstance, the controlling variables are not significant in influencing capital investment. Hence, the study suggests more focus on profitable capital investments if external borrowing must be embarked upon. The need for the development of untapped natural resources, establishment of industries and revival of abandoned industries to boost debt repayment has been emphasized. The study also strongly recommends that the existing governments (state and federal) should endeavour to complete capital projects of past administrations in order to drive the economy and to avoid wastage of financial resources including the borrowed funds.

Sign in / Sign up

Export Citation Format

Share Document