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New Evidence on the Quality of Public Investment Management in the EU

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  • Cristiana Belu Manescu

Abstract

This paper discusses a number of good practices across the public investment lifecycle, drawing on recent survey evidence from all EU Member States. It points to examples of integrated strategic planning and appraisal/selection models that effectively guide budget allocation and use asset registers as input. It also features examples of independent external reviews, of binding multiannual commitment appropriations over the entire project lifecycle and of electronic monitoring systems. Overall, this paper finds that more significant projects traditionally in the transportation sector are subject to stricter scrutiny. Similarly, EUfinanced investments tend to follow stricter rules throughout the project cycle than nationally financed ones. Finally, evidence also points to wide-ranging reforms of public investment management systems in several Member States, while room for improvement is evident across many Member States, for example, with respect to the coverage of strategic planning and its link with the budget as well as some elements of budgeting and asset registers.

Suggested Citation

  • Cristiana Belu Manescu, 2022. "New Evidence on the Quality of Public Investment Management in the EU," European Economy - Discussion Papers 177, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:dispap:177
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    File URL: https://economy-finance.ec.europa.eu/publications/new-evidence-quality-public-investment-management-eu_en
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    More about this item

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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