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Guard fiscal sustainability, affordability and value for money

19/10/2021 by

Home | Governance | Guard fiscal sustainability, affordability and value for money

Value for money

Efficient and cost-effective infrastructure is key to achieving many public policy objectives and supporting sustainable economic growth. Fiscal sustainability, affordability and value for money should be at the heart of the infrastructure decision-making process.

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Why is this important?

Ensuring fiscal sustainability is an integral part of ensuring the success of infrastructure projects. This involves embedding evidence-based project appraisals, implementing an effective prioritisation process and ensuring affordability within public budgets. These methodologies are key to enshrining accountability, clarity and transparency in the decision-making process. They also ensure the overall value for money of infrastructure investments.

Use of a formal process to evaluate value for money in infrastructure projects in OECD countries, 2020

Methodologies used by OECD countries to assess infrastructure projects, 2020 

Country case studies

  • U.S. International Development Finance Corporation
  • Major Projects Review Group
  • Multi-criteria analysis manual
  • Public Spending Code
  • Infrastructure Development Bank
  • Canada Infrastructure Bank
  • Fiscally sustainable wind farms (UNEP, 2021)
  • Infrastructure Economic Account (GIH, 2021)
  • Compact City Development (GIH, 2021)

Related publications

Learn more about OECD analysis on fiscal sustainability, affordability and value for money for infrastructure:

  • Getting Infrastructure Right: A Framework for better Governance
  • Public procurement and infrastructure governance: Initial policy responses to the coronavirus (Covid-19) crisis
  • Gaps and Governance Standards of Public Infrastructure in Chile
  • Infrastructure Governance Review of Argentina
  • Supporting Better Decision-Making in Transport Infrastructure in Spain
  • Budgeting and Public Expenditures in OECD Countries 2019

Links to useful data

  • 2020 OECD Governance of Infrastructure Dataset
  • 2018 OECD Governance of Capital Budgeting and Infrastructure Dataset
  • International Transport Forum Statistics and Data
  • Global Infrastructure Hub Infrastructure Monitor

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