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Book Cover
E-book
Author Potter, Barry H., author.

Title Dedicated road funds : a preliminary view on a World Bank initiative / prepared by Barry H. Potter
Published [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., ©1997

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Description 1 online resource (22 pages)
Series IMF paper on policy analysis and assessment ; PPAA/97/7
IMF paper on policy analysis and assessment ; PPAA/97/7.
Summary Annotation In the past, Road Funds have been criticized as inconsistent with effective expenditure control, as distorting the allocation of public sector resources, and as incompatible with efficient management of government resources. This paper considers whether there is a case for a more benevolent view of the new second generation dedicated Road Funds, which have emerged in recent years. the paper concludes that, where a Road Fund pursues a genuine purchasing agency approach, then in principle it can be an efficient means of delivering road maintenance and, perhaps road capital expenditures. But a formidable list of institutional and financial requirements would have to be satisfied for a dedicated Road Fund to be appropriate. These conditions are more likely to be satisfied in developed economies, with efficient budgetary systems already in place. In many developing countries, the better solution may be to reform overall budget institutions, procedures and practices. But if the institutional and financial requirements for an efficient fund can be met, a Road Fund may be appropriate. the question is just how often the right conditions will arise
Notes "An earlier version of this paper was presented to the World Bank Transport Forum in Chantilly, Virginia, in April 1997."
"June 1997."
Bibliography Includes bibliographical references (page 22)
Notes English
Print version record
Subject World Bank.
SUBJECT World Bank. fast (OCoLC)fst00531892
Subject Roads -- Finance.
Roads -- Maintenance and repair.
Expenditures, Public.
Expenditures, Public.
Roads -- Finance.
Roads -- Maintenance and repair.
Form Electronic book
Author International Monetary Fund. Fiscal Affairs Department.
ISBN 9781455244744
1455244740
1455212377
9781455212378
1455296295
9781455296293
1451971370
9781451971378
Other Titles Road funds