Česky

Anticorruption barometer


Update history

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

Selected update

Updated: 08/2015 Parameter update history

Effectiveness:
0%
Progression:
10%
The solution is being discussed in the public

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.

Compared to current state

Updated: 12/2016 Parameter update history

Effectiveness:
50%
Progression:
60%
The law proposal is in the Lower Chamber

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.