Russia : Towards Improving the Efficiency of Public Investment Expenditures
This report documents the current levels and patterns of public investment in Russia, analyzes the institutional arrangements in place for investment budgeting, and develops short- and medium-term recommendations where policy or institutional stren...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/09/1614849/russia-towards-improving-efficiency-public-investment-expenditures http://hdl.handle.net/10986/15479 |
| Summary: | This report documents the current levels
and patterns of public investment in Russia, analyzes the
institutional arrangements in place for investment
budgeting, and develops short- and medium-term
recommendations where policy or institutional strengthening
is required for improving the efficiency of investment
expenditures. The analysis of public investment is based
primarily on the federal government though some issues of
subnational investment budgeting are also touched upon In
any case, many of the issues and recommendations at the
federal level are likely to have relevance for subnational
investment budgeting also. While the Government is embarked
upon overall budgetary reforms, the special characteristics
of multi-year investment programs require special attention
in the face of evidence of inefficiencies in the use of
public funds for investment purposes, improvements in their
efficiency--both in terms of their allocation across sectors
and activities, and in terms of their
cost-effectiveness--are clearly important. It is also clear
that many gains would come from the strengthening of the
institutional arrangements for investment budgeting--in the
areas of budget preparation, implementation, and ex post
evaluation and accountability. |
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