Transparent and effective public investment
— #101 Obligation of politicians to demonstrate declared benefits of a costlier public investment
From certain financial limit a preliminary obligation should be imposed upon politicians realising public investments consisting in proving that the funds collected from citizens in the form of taxes will be used effectively and efficiently. Investments from the public funds should only be used on projects that have clear benefits or growth potential, such as missing infrastructure.
If politicans were obliged with respect to investments above certain financial limit to perform a necessity and impact analysis of such proposed investments – similarly as it is done with respect to proposals of laws – , it would be possible to stop unnecessary public expenditures on useless or corruption driven projects.
Sources:
- Institute for International Relations, Ministry of foreign affairs of the Czech Republic: Project cycle manual for foreign development cooperation of the Czech Republic, 2006, p. 6
- Ministry of Regional Development of the Czech Republic: Cost & Benefit Analysis, Methodical Guide, May 2004, p. 9 and 41
- Ministry of Regional Development of the Czech Republic: Feasibility study, Methodical Guide, May 2004p. 29
- Kameník, M., Plhoň, T., Šanc, F.,More than a Public Procurement Act: economy, transparency and accountability in public purchases, Oživení, 2012, p. 41-42 and 59
- Kohout, P. andcoll., Collection of texts of a working group for the fight against corruption, National Economic Government Council, June 2011, p. 13
- Vondráček, O., Havrda, M., 21 recipes – Anti-corruption cookbook, Recipe 15: Evaluation of investments from the public interest perspective, December 2013
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Justification and sources