Public Investment and Discounting in European Union Member States

Author: OECD Organisation for Economic Co-operation and Development,

Source: OECD Journal on Budgeting, Volume 1, Number 2, March 2001 , pp. 204-251(48)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

This report highlights the regimes employed in European Union Member States for the appraisal of public investment (capital) projects. While recognizing that practices vary from country to country, it focuses on the underlying best practices principles as employed in the EU. It then discusses in detail the concept of discounting in the public sector and the selecion of an appropriate discount (cost of capital) rate. The paper is especially relevant for Central and Eastern European Countries.

Page Count: 48

Document Type: Review article

Publication date: 2001-03-01