Relationship Between Financial and Economic Evaluations for Different Types of Project

World Bank

Washington, DC

关键词: BUS OPERATORS;    BUS SERVICES;    COST BENEFIT ANALYSIS;    FARES;    FRAMEWORK;   

RP-ID  :  33931

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Appraisal can be undertaken fromdifferent perspectives, depending on the objectives of thecommissioning body. The key choices are: Business case -requires a commercial perspective; and,Appraisal forGovernment - usually considers both the social perspective,and the fiscal perspective. A commercial or financialappraisal focuses on the gains and losses to oneorganization, typically a firm or an agency of government.Social appraisal is the broadest, and can be used to showhow the (narrower) appraisals for business, government andcitizens aggregate up to the social level. The fiscalperspective focuses on the project's impacts ongovernment expenditure and receipts. It can be thought of asa commercial appraisal from the perspective of Government.The items in a financial appraisal are money flows to, andfrom the organization concerned. In contrast to the socialcost-benefit analysis, external costs and benefits areomitted. The principle of 'comprehensiveness' doesnot apply; it is replaced by a commercial focus on matterswhich concern the organization itself, and not the wider world.