In parallel, a standardized impact assessment of investment project funded with public money should be introduced. The standards should be the same regardless of the origin of funds – whether they come from the municipal budget or from state subsidies. Metrics of costs and benefits for citizens and entrepreneurs should be unified in a way that one can tell which project is sensible and which not.
If a standardised impact assessment of investment projects financed from public budgets was introduced, it would be possible to easily compare public investments, and hence, reveal if certain projects are not overcharged or purposeless.
Sources:
- Ministry of Regional Development of the Czech Republic: Cost & Benefit Analysis, Methodical Guide, May 2004, p. 8 and foll.
- Ministry of Regional Development of the Czech Republic: Feasibility study, Methodical Guide, May 2004, str. 24 an.
- Transparency International: Curbing Corruption in Public Procurement, A Practical Guide, 2014, p. 16
- 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. 50 and 60
- 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