Capital Management and Budgeting in Taiwan

2019 ◽  
pp. 258-279 ◽  
Author(s):  
Wei-Jie Liao ◽  
Nai-Ling Kuo
Keyword(s):  
Renewable Energy ◽  
Environmental Protection ◽  
Disaster Prevention ◽  
Capital Management ◽  
Public Infrastructure ◽  
Normative Framework ◽  
Infrastructure System ◽  
Infrastructure Maintenance ◽  
Budgeting Process

In this chapter, the authors provide an overview of Taiwan's public infrastructure system using the recommended normative framework presented in Chapter 1. In general, most of Taiwan's practices fit the requirements suggested in Chapter 1. However, there are still rooms for improvements in prioritization, debt affordability analysis, and infrastructure maintenance. In addition, the build-operate-transfer (BOT) model and the so-called “Mosquito Buildings” also feature Taiwan's capital management and budgeting process and are discussed in this chapter. Nowadays, Taiwanese governments place much emphasis on disaster prevention, environmental protection, and renewable energy. These new trends may also affect Taiwan's capital management and budgeting process.

Capital Management and Budgeting Practices in Republic of Korea

2019 ◽  
pp. 236-257
Author(s):  
Jiseul Kim
Keyword(s):  
Financial Management ◽  
Capital Budgeting ◽  
Republic Of Korea ◽  
Political Regime ◽  
Capital Management ◽  
Public Infrastructure ◽  
Infrastructure System ◽  
The Republic ◽  
Project Management Infrastructure ◽  
Infrastructure Maintenance

The author aims to provide a comprehensive understanding about the current capital management and budgeting practices (CMBP) in the Republic of Korea (hereafter Korea). The book chapter starts with description of the importance of public capital assets and several issues of the current infrastructure system. It then provides the background of Korea's public infrastructure, political regime, and government institutions. Based on the suggested normative framework, the author specifically describes the four major components of CMBP: capital planning, capital budgeting and financial management, centralized execution and project management, infrastructure maintenance. Following the analysis of the current CMBP practices, some of reform ideas are discussed in the conclusion.

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.

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 Summary, Initial Observations, and Getting to a Tentative Theory of Public Investment Behavior

2019 ◽  
pp. 311-336
Author(s):  
Arwiphawee Srithongrung ◽  
Juita-Elena (Wie) Yusuf
Keyword(s):  
Public Sector ◽  
Management Practices ◽  
Public Investment ◽  
Public Capital ◽  
Investment Behavior ◽  
Capital Management ◽  
Political Economic ◽  
Budgeting Process

This chapter evaluates the 12 countries' capital management practices according to the systematic public capital management and budgeting process described in Chapter 1. The chapter characterizes and classifies the management practices of the twelve countries based on the authors' evaluation using the case study descriptions. The authors offer some initial observations based on comparisons across the case study countries and analysis of relationships between capital management and budgeting practices and political, economic, and public sector variables. The chapter proposes a tentative theory of public investment behavior and offers five propositions regarding the factors driving different practices across the case study countries and the consequences of a systematic capital management and budgeting process.

scholarly journals Summary, Initial Observations, and Getting to a Tentative Theory of Public Investment Behavior

2021 ◽  
pp. 162-187
Author(s):  
Arwiphawee Srithongrung ◽  
Juita-Elena (Wie) Yusuf
Keyword(s):  
Public Sector ◽  
Management Practices ◽  
Public Investment ◽  
Public Capital ◽  
Investment Behavior ◽  
Capital Management ◽  
Political Economic ◽  
Budgeting Process

This chapter evaluates the 12 countries' capital management practices according to the systematic public capital management and budgeting process described in Chapter 1. The chapter characterizes and classifies the management practices of the twelve countries based on the authors' evaluation using the case study descriptions. The authors offer some initial observations based on comparisons across the case study countries and analysis of relationships between capital management and budgeting practices and political, economic, and public sector variables. The chapter proposes a tentative theory of public investment behavior and offers five propositions regarding the factors driving different practices across the case study countries and the consequences of a systematic capital management and budgeting process.

scholarly journals A Systematic Public Capital Management and Budgeting Process

2021 ◽  
pp. 598-619
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 Public Infrastructure Maintenance Practices in Ghana

2017 ◽  
Vol 05 (03) ◽  
Author(s):  
Edmund Nana Kwame Nkrumah ◽  
Tindi Stephen ◽  
Lydia Takyi ◽  
Oswin Aganda Anaba
Keyword(s):  
Public Infrastructure ◽  
Infrastructure Maintenance
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