Effective Public Investment Toolkit › Background information
GOVERNING PUBLIC INVESTMENT
The governance of public investment is complex because it is a shared responsibility across an increasing number of actors and levels of government. More than two-thirds of public investment is conducted at the sub-national government level in OECD countries, i.e. by states, regions, provinces, and municipalities.
See more information on public investment and sub-national governments.
OECD RECOMMENDATION
In 2012, OECD Member countries spent USD 1.17 trillion in direct public investment, representing 2.7% of OECD GDP. Looking across the OECD area, sub-national governments manage around 72% of direct public investment– with notable variation among countries. If well managed, public investment represents a potentially growth-enhancing form of public expenditure. However, poor investment choices and implementation not only waste limited public resources and erode public trust, but they may also hamper future growth opportunities.
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INVESTING TOGETHER
MAKING THE MOST OF PUBLIC INVESTMENT IN THE EASTERN SLOVAK REPUBLIC
KEY DATA
CREATING CONDITIONS FOR PUBLIC INVESTMENT
PUBLIC INVESTMENT IN A TIGHT FISCAL ENVIRONMENT
INSTITUTIONAL AND FISCAL RELATIONS ACROSS LEVELS OF GOVERNMENT
CREATING FISCAL SPACE FOR PUBLIC INVESTMENT
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