General government deficit is defined as the balance of income and expenditure of government, including capital income and capital expenditures. "Net lending" means that government has a surplus, and is providing financial resources to other sectors, while "net borrowing" means that government...

"How to make the most of public investment? This question is critical in today's tight fiscal environment. Given that sub-national governments in OECD countries carry out more than two thirds of total capital investment, they have played a key role in executing national stimulus packages during...

The OECD Principles for Private Sector Participation in Infrastructure aim to help governments work with private-sector partners to finance and bring to fruition infrastructure projects in areas of vital economic importance, such as transport, water and power supply and telecommunications. These...

How to make the most of public investment? This question is critical in today’s tight fiscal environment. Given that sub-national governments in OECD countries carry out more than two thirds of total capital investment, they have played a key role in executing national stimulus packages during...

Public investment, and particularly infrastructure investment, is important for sustainable economic growth and development as well as public service provision. However, it is also vulnerable to capture and corruption. This publication examines the direct and indirect benefits of public...

Insufficient investment levels pose a challenge, notably in infrastructure, with the OECD estimating a 12% increase in fixed investment needed for sustainable growth. Megatrends like urbanization and climate change further strain public finances. Subnational governments, responsible for 57% of...