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Public Capital Budgeting In Germany, Natalia Ermasova
Public Capital Budgeting In Germany, Natalia Ermasova
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According to the WEF Global Competitiveness Report (2017), Germany’s infrastructure ranked eighth in the world. The public investment in Germany has increased significantly in last thirty years. The government gross fixed capital formation increased by 37% in 2018 in comparison to 1990 (German Finance Ministry, 2018). The government gross fixed capital formation in relation to nominal GDP (the investment-to-GDP ratio) was 2.6% in 2018, compared with 1.7% in 2001.These outstanding public infrastructure system and investment profiles are likely a consequences of the country’s healthy public finances, robust institutional framework, structural reforms, and continuous public investments to boost competitiveness.
The goal …