Dedicated Road Funds: A Preliminary View on a World Bank Initiative
In the past, Road Funds have been criticized as inconsistent with effective expenditure control, as distorting the allocation of public sector resources, and as incompatible with efficient management of government resources. This paper considers whether there is a case for a more benevolent view of...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
|
| Schriftenreihe: | IMF Policy Discussion Papers
Papers on Policy Analysis and Assessment No. 97/7 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | In the past, Road Funds have been criticized as inconsistent with effective expenditure control, as distorting the allocation of public sector resources, and as incompatible with efficient management of government resources. This paper considers whether there is a case for a more benevolent view of the new "second generation" dedicated Road Funds, which have emerged in recent years. The paper concludes that, where a Road Fund pursues a genuine purchasing agency approach, then in principle it can be an efficient means of delivering road maintenance and, perhaps road capital expenditures. But a formidable list of institutional and financial requirements would have to be satisfied for a dedicated Road Fund to be appropriate. These conditions are more likely to be satisfied in developed economies, with efficient budgetary systems already in place. In many developing countries, the better solution may be to reform overall budget institutions, procedures and practices. But if the institutional and financial requirements for an efficient fund can be met, a Road Fund may be appropriate. The question is just how often the right conditions will arise |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 1451971370 9781451971378 |
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| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:35Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Policy Discussion Papers |
| spelling | Potter, Barry H. Verfasser aut Dedicated Road Funds A Preliminary View on a World Bank Initiative Potter, Barry H Washington, D.C International Monetary Fund 1997 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Papers on Policy Analysis and Assessment No. 97/7 In the past, Road Funds have been criticized as inconsistent with effective expenditure control, as distorting the allocation of public sector resources, and as incompatible with efficient management of government resources. This paper considers whether there is a case for a more benevolent view of the new "second generation" dedicated Road Funds, which have emerged in recent years. The paper concludes that, where a Road Fund pursues a genuine purchasing agency approach, then in principle it can be an efficient means of delivering road maintenance and, perhaps road capital expenditures. But a formidable list of institutional and financial requirements would have to be satisfied for a dedicated Road Fund to be appropriate. These conditions are more likely to be satisfied in developed economies, with efficient budgetary systems already in place. In many developing countries, the better solution may be to reform overall budget institutions, procedures and practices. But if the institutional and financial requirements for an efficient fund can be met, a Road Fund may be appropriate. The question is just how often the right conditions will arise Online-Ausg http://elibrary.imf.org/view/IMF003/01583-9781451971378/01583-9781451971378/01583-9781451971378.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Potter, Barry H. Dedicated Road Funds A Preliminary View on a World Bank Initiative |
| title | Dedicated Road Funds A Preliminary View on a World Bank Initiative |
| title_auth | Dedicated Road Funds A Preliminary View on a World Bank Initiative |
| title_exact_search | Dedicated Road Funds A Preliminary View on a World Bank Initiative |
| title_exact_search_txtP | Dedicated Road Funds A Preliminary View on a World Bank Initiative |
| title_full | Dedicated Road Funds A Preliminary View on a World Bank Initiative Potter, Barry H |
| title_fullStr | Dedicated Road Funds A Preliminary View on a World Bank Initiative Potter, Barry H |
| title_full_unstemmed | Dedicated Road Funds A Preliminary View on a World Bank Initiative Potter, Barry H |
| title_short | Dedicated Road Funds |
| title_sort | dedicated road funds a preliminary view on a world bank initiative |
| title_sub | A Preliminary View on a World Bank Initiative |
| url | http://elibrary.imf.org/view/IMF003/01583-9781451971378/01583-9781451971378/01583-9781451971378.xml |
| work_keys_str_mv | AT potterbarryh dedicatedroadfundsapreliminaryviewonaworldbankinitiative |