Capital Budgets: The Building Blocks for Government Infrastructure
Political Science and International Affairs
This article offers information on capital budgets and its process. Capital budgets refer to budgets used to allocate funds for physical assets that will be acquired, renovated and rehabilitated. Before developing a capital budget, its infrastructure needs must be assessed by a jurisdiction. This must be followed by identification and prioritization of projects to be included in the capital improvement program. It is important for the government to develop a financial plan.
Government Finance Review
Michael A. Pagano and David R. Shock. "Capital Budgets: The Building Blocks for Government Infrastructure." Government Finance Review 23:3 (2007) 16-22.