A new model for the valuation of the Public Administrations investments

Abstract

Recently, the Law 62/2003, of December 30, and Directive 2001/65 / EC and the latest pronouncements issued by international organizations, have introduced interesting developments in the field of investment valuation models.
However, although asset valuation methods are of great relevance for those interested in the management and finances of the Public Administrations, the Spanish regulations on the valuation of public investments have not yet incorporated these new evaluation criteria.
On this basis, this work aims to formulate a proposal that is useful to adapt the current regulations on valuation of assets of the Spanish Public Administrations to the most modern criteria and methods that are being proposed at an international level, in this way we start from the conceptual study of the typology of public goods as well as the relevance of the possible valuation models applicable to them.