Proem Public investment and its impact on the economic and social development of communities

Abstract

One of the most pertinent strategies that generate the greatest impact on the economic and social development of a community is the identification, formulation, evaluation and execution of public investment projects that respond to the most pressing and felt needs of the population. It is known by all that in the communities there are a great number of needs that for different reasons are not being met by the state.
Among the unsatisfied needs we find: housing, health, education, recreation, employment, public services, security, transportation, etc. However, the solution to these problems requires previous reflection, which will allow us to define which is the most pressing need among those that were identified and which require immediate attention. This reflection process also leads us to recognize that the available resources are limited, which is why the project manager must start from a cost-benefit analysis that allows him/her to clearly recognize the need to be addressed through project formulation.
Public investment projects aim at public interest and benefit, which will be supported by a previous research that will show a clear diagnosis of the situation, counting on the participation of the citizens. The benefit sought in this type of project is not only of an economic nature but above all of a social nature. On the other hand, private investment projects aim to obtain an economic and financial return on the investment made.
In business organizations, financial information is of total relevance, since it is an indicator of how well the business is doing and where it can be projected.
Likewise, taking into account the multiplicity of needs that need to be addressed within the companies and that the resources to meet them are scarce, it is necessary to have reliable and relevant information to evaluate the different investment alternatives by allocating resources to the most profitable activities.
This issue of In Vestigium Ire Magazine will provide the reader with the opportunity to learn about the results of various research projects related to the expected impacts generated in the development of public investment projects, as well as the importance of financial information for decision-making in the search for competitiveness, durability, sustainability and sustainability of organizations.