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United Kingdom: Technical Assistance Report-Public Investment Management Assessment
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 287
Language:
English
Publication Date:
02 Sep 2022
DOI:
https://doi.org/10.5089/9798400220005.002
ISBN:
9798400220005
ISSN:
1934-7685
Pages:
80
Keywords:
UK Government investment; UK Pima; UK Project delivery career pathway; government major; E. investment implementation; Infrastructure; Public investment spending; Public expenditure review; Budget planning and preparation; Capital spending; Global
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The United Kingdom (UK) has ambitious plans to increase infrastructure investment, boost economic growth, reduce regional disparities, and help achieve the climate transition. The National Infrastructure Strategy, Plan for Growth, Net Zero Strategy and Levelling Up White Paper set out the Government’s ambitions—including closing existing gaps in transportation networks, transforming digital connectivity, boosting education, skills, and R&D, accelerating the climate transition and investing in infrastructure at the local level. These goals are supported by allocations of over £600 billion in gross public sector investment over the five-year period to 2026/27. The planned ramp-up in public investment is expected to bring the UK’s annual infrastructure investment to OECD average levels of 3 percent by 2024/25, reversing a process of public capital stock decline that goes back to the 1970s and 1980s.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund