Public-Private Partnerships: Implications for Public Finances

摘要: Cangiano, Hemming and Ter-Minassian evaluate the implications for public finances of public-private partnerships (PPPs). An increasing number countries have introduced schemes where private sector supplies infrastructure assets services. While these can increase supply reduce costs, government guarantees be a source fiscal risks. The paper examines main features PPP schemes, underlying economic rationale, conditions that make recourse to PPPs efficient. authors also examine institutional PPPs: legal framework, risk transfer, accounting reporting. concludes by pointing need assess carefully budgetary risks associated with PPPs, ensure appropriate reporting standards, strengthen disclosure requirements concerning contingent liabilities.