OECD Infrastructure Governance Index - Edwin Lau, OECD
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This presentation was made by Edwin Lau, OECD, at the 12th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials, held in Paris on 16 April 2019.
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OECD Infrastructure Governance Index - Edwin Lau, OECD
- 1. 1 Budgeting and Public Expenditures in OECD Countries 2019 Key findings Edwin Lau PPP & Infrastructure SBO 16 April 2019
- 2. Budgeting and Public Expenditures in OECD Countries 2019
- 3. “A single flagship publication for SBO” What is the “state of the art” in modern budgeting? What are the key challenges that countries face? Based on 2018 OECD Budget Processes & Procedures survey OECD Budgeting Flagship Publication 3
- 4. OECD Framework of Modern Budgeting Performance, Evaluation & VFM 4 Perfor- mance, evaluation & VfM Budgeting within fiscal objectives Quality, integrity & indepen- dent audit Compre- hensive budget account-ing Effective budget execution Alignment with medium-term strategic plans & priorities Transparency openness & accessibility Participative, inclusive & realistic debate Fiscal risks & Sustaina- bility Capital budgeting framework
- 5. 1. An introduction to budgeting 2. Fiscal policy management 3. Budgeting institutions, rules and frameworks 4. Budget management and control. 5. Parliament’s role in budgeting 6. Open, transparent and inclusive budgeting 7. Quality of expenditures 8. Capital budgeting, infrastructure, governance and public-private partnerships The report includes profiles on the budget governance practices in OECD countries. 5 Budgeting and Public Expenditures
- 6. Well established budgetary frameworks among OECD countries but continuous refinement is needed. 6 Budgetary governance framework: Since the end of 2014, countries have continued to place a priority on pursuing incremental reforms
- 7. Capital budgeting, Infrastructure Governance and PPPs
- 8. 8 Most OECD countries have some integration of their current and capital budgets AUT CHE DEU EST FRA HUN JPNMEX NOR NZL SVK SWE TUR AUS CHL ESP GRC ITA NLD SVN CZE DNK GBR IRL ISR LUX Submission and consideration in an integratedway (13) Submission and decision process separated (7) Submission togetherbut decision process separated (6) Distinction between capital and current expenditure requests Source: OECD (2018), OECD Survey of Capital Budgeting and Infrastructure Governance, Question 5, OECD, Paris.
- 9. 9 Improved strategic long-term planning of infrastructure EST SWE AUS LUX CHE CHL CZE DEU DNK FRA HUNISR NOR SVK SVN AUT ESP GBR GRC IRL ITA JPN MEX NLD NZL PRT TUR Sectoral and overall (12) Onlysectoral (11) Onlyoverall (2) None (2) Source: OECD (2018), OECD Survey of Capital Budgeting and Infrastructure Governance, Questions 8 and 9, OECD, Paris. Existence of long-term strategic infrastructure plans
- 10. 10 Infrastructure decisions are based on a range of criteria, including, but not limited to VfM 1.3 2.6 3.3 3.7 3.8 5.0 5.3 6.2 6.9 6.9 Other External funding Strongmarket failuresin the sector Strongprivate sector interes Strongpopular backing Developing a particular sector Functional fit with other assets Strongpolitical backing Partofthe long term strategic plan A strong cost/benefitanalysis result 1 = leastimportant 10 = most Source: OECD (2018), OECD Survey of Capital Budgeting and Infrastructure Governance, Question 12, OECD, Paris. Criteria for project prioritisation and approval
- 11. 11 AUS CHE DEU GBR IRL ITA LUX MEX NZL PRT CZE ISR JPN NLD NOR SVN ESP GRC TUR DNK SVKAUT CHL FRA HUN SWE C. PPPs Yes forall projects (10) Yes forthoseprojects aboveacertain threshold (6) Yes on an ad-hoc basis (3) Yes, other (2) No (5) AUS CHE DEU GBR GRC IRL ITA LUX HUN ISR JPN NLD SVN ESP TUR DNK AUT CHL CZE FRA NOR SVK SWE MEX NZL D. TIPs Yesfor all projects (8) Yesfor those projectsabove a certain threshold (5) Yeson an ad-hoc basis (2) Yes,other (1) No (7) Not applicable (2) TIPsPPPs Formal process/legal requirement for relative value for money in infrastructure projects VfM reviews are more likely to be required for PPP relative to traditional infrastructure projects
- 12. 12 Nonetheless, PPPs remain a small proportion of overall public sector infrastructure projects Percentage of public sector infrastructure investment (value) through PPPs in the recent 3 years AUT CHE CZE DEU DNK ESP FRA GBR GRC HUN IRL JPN LUX MEX NOR SVK SVN SWE TUR AUS NZL ITA NLD CHL 0 %– 5% (19) > 5% – 10% (2) >10% - 15% (2) >20% (1) Source: OECD (2018), OECD Survey of Capital Budgeting and Infrastructure Governance, Question 58, OECD, Paris.
- 13. THANK YOU ! OECD Senior Budget Officials For more information http://www.oecd.org/governance/budgeting/ https://one.oecd.org/#/document/GOV/PGC/SBO(2019)5/en?_k=clnmt8