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Investment expenditure (infrastructure)

Definition:The total expenditure (in respect of staff, and goods and services provided by third parties) in connection with the construction, extension, reconstruction and renewal of infrastructure installations, including incidental expenses and research costs connected with such work. This definition does not, however, preclude entry pursuant to provisions of national law of certain minor investment expenditure under the heading ?Current expenditure?. Source:Commission Regulation (EEC) 2598/70 specifying the items to be included under the various headings in the forms of accounts shown in Annex I to Council Regulation (EEC) No 1108/70 of 4 June 1970