14 - 17 June 2011

Reforms to Capital Budgeting Practices

Minsk, Belarus

Members of the BCOP met in Minsk, Belarus in June, 2011 to examine the capital budgeting practices in a number of countries at different stages of reform implementation with a view to determining better practices that could be implemented within the PEMPAL member countries.

Date: June 14-17, 2011
Location: Minsk, Belarus


  • review capital budgeting practices in PEMPAL member countries and to discuss options on how to improve them;
  • identify key benchmarks for effective capital budget planning, prioritization and implementation;
  • discuss obstacles in capital budgeting reforms and potential options to remove them.
  • disseminate information on good practices and participate in discussions on how to apply those practices within PEMPAL member countries.


  • The current financial crisis has seriously affected capital budgets in many PEMPAL countries.
  • Many weaknesses in organization and regulation contribute to inefficient solutions in capital budgeting processes.
  • The roles of finance and line ministries are now being more clearly defined.
  • Key pillars of every capital budgeting are the following:
  • Asset inventory.
  • Strategic planning. There is no one-fits-all approach to strategic planning.
  • Project identification and selection process.
  • Project budgeting.
  • Project monitoring and evaluation. 
  • Dialogue with politicians.
  • Capital project filtering.
  • Training.



The meeting was conducted in English with simultaneous interpretation into Russian and Serb-Croat.

Questions or requests for additional information may be addressed directly to Ms. Bojana Crnadak, PEMPAL Secretariat.