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12
31 93 8 51 1 2 [email protected] [email protected] 87 The Application of Cost-Benefit Analysis on Budget Planning for Public Construction Projects Sen-Hung Cheng 1 Shao-Tsai Cheng 2 Abstract Due to the fact that the scale of public construction projects has been enlarged with time, the expenditure of governmental finance increases year by year. Therefore the cost-benefit analysis on budget planning of public construction projects becomes more important accordingly. For this reason, in 1998, the government enacted the statute: In submitting strategic plan for any important public construction project, a cost-benefit analysis, report must be prepared in advance. The research focuses on mid-term budget planning, applying the theory and methods of cost-benefit analysis. We also analyze the application of cost-benefit analysis in typical cases, in order to avoid the government budgeting being too extensive, improve the ability of budget planning and policy enacting, and promote government performance. Keywordscost-benefit analysis, budget planning 1. 2.

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The Application of Cost-Benefit Analysis on Budget Planning for Public Construction

Projects Sen-Hung Cheng1 Shao-Tsai Cheng2

Abstract

Due to the fact that the scale of public construction projects has been enlarged with time, the

expenditure of governmental finance increases year by year. Therefore�the cost-benefit analysis on

budget planning of public construction projects becomes more important accordingly. For this

reason, in 1998, the government enacted the statute: In submitting strategic plan for any important

public construction project, a cost-benefit analysis, report must be prepared in advance.

The research focuses on mid-term budget planning, applying the theory and methods of

cost-benefit analysis. We also analyze the application of cost-benefit analysis in typical cases, in

order to avoid the government budgeting being too extensive, improve the ability of budget

planning and policy enacting, and promote government performance.

Keywords����cost-benefit analysis, budget planning

1.�������������

����������� ���

2.���������������

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