Česky

Anticorruption barometer

Transparent and effective public investment — #100 Analysis of the overall costs

With respect to the public investment it is necessary take into account not only to the costs of investment but all its costs, that is also costs resulting from the subsequent operation and use of the public works. To evaluate the overall sustainability of the investment it is possible to use the tools commonly used in business practice.

Justification and sources

Update history

date	reason	effectiveness	progression
12/2016 current	The proposal of the Act on management and control of public finances, which is in the Lower Chamber of the Parliament, requires, within the framework of the preliminary assessment of an expenditure operation, that before planned expenditure from the public budget the expected results and impacts of the expenditure be assessed as well as the amount of funds to be expended in the preparatory, realization and operational phase. The obligation to perform the preliminary assessment is, however, dependent – next to the amount to be set by an internal regulation of the authority in question – , on the risk evaluation of the main economists of the same authority, so that the assessment may not be performed in the same way by all public authorities. Beyond that it is not clear according to which methods the assessment of expenditures, expected results and impacts should be performed.	Effectiveness 50%	Progression 60%	More
06/2016	The proposal of the Act on management and control of public finances requires, within the framework of the preliminary assessment of an expenditure operation, that before planned expenditure from the public budget the expected results and impacts of the expenditure be assessed as well as the amount of funds to be expended in the preparatory, realization and operational phase. The obligation to perform the preliminary assessment is, however, dependent – next to the amount to be set by an internal regulation of the authority in question – , on the risk evaluation of the main economists of the same authority, so that the assessment may not be performed in the same way by all public authorities. Beyond that it is not clear according to which methods the assessment of expenditures, expected results and impacts should be performed.	Effectiveness 50%	Progression 50%	More
08/2015	So far there is no legal measure which would contain the methodology describing the process and the implementation of public investments which could be used by public institutions.	Effectiveness 0%	Progression 10%	More