16.C.3 Share of local government bodies investment expenditure in total expenditure
Sustainable Development Goal
Goal 16. Peace and justice - strong institutions
Priority
Development and strengthening of state institutions and organizations at all levels in the region
Definition
Relation of the sum of capital expenditures of local government units to the sum of their total expenditures incurred in a given year.
Unit
percent
Available dimensions
total
Methodological explanations
Investment outlays - financial or tangible outlays, the purpose of which is the creation of new fixed assets or the improvement (rebuilding, enlargement, reconstruction, modernization) of existing capital asset items, as well as outlays on so-called initial investments. Investment outlays are divided into outlays on fixed assets and other outlays.
Outlays on fixed assets include outlays on:
• buildings and structures (including buildings and places as well as civil engineering works) of which, among others construction and assembly,
• works, design and cost estimate documentations,
• machinery, technical equipment and tools (including instruments, moveables and endowments),
• transport equipment,
• others, i.e., detailed meliorations, costs incurred for purchasing land and second-hand fixed assets, livestock (basic herd) and long-term plantings, interests on investment credits and investment loans for the period of investment realization.
Other outlays are outlays on so-called initial investments as well as other costs connected with investment realization. These outlays do not increase the value of fixed assets.
Expenditures of budgets of local government units - consist of current expenditures and property expenditures. By the current expenditures of the budget of the local government unit are meant the budgetary expenditures not being property expenditures. Among current expenditures stands out in particular: expenditures of budgetary units for wages and salaries and related to them expenditures and for the statutory activity of these units; grants for current tasks; benefits for natural persons; payments for guarantees granted by the local government unit, due for repayment in a given year; the local government unit's debt servicing; expenditures for programmes financed with a participation of the funds referred to in art. 5 pra. 1 point 2 and 3 of the Public Finance Act, in the part related to the realization of local government unit's tasks. Property expenditures include expenditures for: investments and investment purchases, of which for programmes financed with a participation of the funds referred to in art. 5 pra. 1 point 2 and 3 of the Public Finance Act, in the part related to the realization of local government unit's tasks; a purchase and subscription of stocks and shares; a contribution to commercial law companies.
