In the absence of a bottom-line (profitability test), efficient and equitable delivery of public services requires that public sector interventions must be subjected to rigorous pre and post evaluations. Edited by Anwar Shah, this book provides tools of analysis to conduct economic evaluation of projects, programs, and policies. The evaluation techniques reflect not just the costs and benefits of expenditures, but also how these expenditures are financed. Conceptual and empirical guidance on capital budgeting, establishing priorities for sectoral spending on an objective basis, pricing public services, and measuring the fiscal burden on current and future generations (generational accounting) is presented.