Public investment project’s whole life cycle cost and benefit management model

Abstract

An essential role in maintaining sustainability has the economic growth, where one of the con-ditions is the volume of public investments in the national economy. A situation, when a limiting fiscal policy is being implemented and that being done under the condition that the tempo of governmental spending increase must be below the mid-term growth trend of the gross domestic product (GDP), re-quires additional measures aimed at more efficient application of public investments and national spend-ing in Latvia. On the basis of research results, the public investment project’s whole life cycle cost and benefit management model had been developed, contributing to improved efficiency in application of financial instruments.