Sixteenth International Conference on Environmental, Cultural, Economic & Social Sustainability

Abstract

Managers in the public sector who oversee the administrative processes that are behind an adequate execution of investment spending face a number of institutional barriers in terms of: heterogeneous capacities to operate the different systems of the organization, such as the absence of projects to global scale, high transaction costs-explained by bureaucratic procedures - and excessive audit controls. This is why the proposal of a sustainable investment management model requires the intervention of public-private investment as a guarantee for the continuity of projects if we want to overcome the political cycle of each elected authority. This article presents a model that will serve as a tool to relate critical variables to the management of public investment by subnational governments and public agencies that execute the investment budget. The purpose of the model proposal is to identify the critical variables for the management of investments related to efficiency, effectiveness, and sustainability.