The role of participatory budgeting practices in financing infrastructure
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https://doi.org/10.5281/zenodo.14934951##article.subject##:
Participatory budgeting, infrastructure financing, public finance, governmental objects, government budget, econometric model, regression, Jarque-Bera, multicollinearity.##article.abstract##
Participatory budgeting (PB) has emerged as a dynamic process that empowers communities to have a direct
say in the allocation of public resources. This article explores the significant role that PB practices play in financing
infrastructure projects, highlighting how it bridges the gap between community needs and governmental priorities. Despite
challenges in implementation, PB holds the potential to revolutionize infrastructure financing by fostering greater trust and
collaboration between governments and their citizens. This article underscores the transformative power of participatory
budgeting in creating sustainable and responsive infrastructure solutions.
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