Title

Login

Join

Book's by Hana Polackova Brixi

Covers

List

Public-private Partnerships in the New EU Member States

Managing Fiscal Risks

By: Nina Budina,Hana Polackova Brixi,Timothy Irwin

Write a review Read reviews Take a Quiz Solve Book Puzzle

Public-private Partnerships in the New EU Member States

Managing Fiscal Risks

By: Nina Budina,Hana Polackova Brixi,Timothy Irwin

Public-private partnerships (PPPs) are popular around the world, in part because they allow governments to secure much-needed investment in public services without immediately having to raise taxes or borrow. Yet, PPPs pose a fiscal danger because a government's desire to avoid reporting immediate liabilities may blind it to future fiscal costs and risks. Although PPPs may not blemish governments' reported fiscal statements in the short term, they do create fiscal obligations. This increases fiscal vulnerability and can result in poorly-designed PPPs. The extent of the danger depends on the fiscal institutions that shape and constrain government decisions toward PPPs. Such fiscal institutions affect decisionmaking incentives. Better fiscal institutions therefore can increase the chance that PPPs will be well designed and appropriately used.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

48

Publisher

World Bank Publications

Published Date

ISBN 10

0821371541

ISBN 13

9780821371541

Public-private Partnerships in the New EU Member States

Managing Fiscal Risks

By: Nina Budina,Hana Polackova Brixi,Timothy Irwin

Write a review Read reviews Take a Quiz Solve Book Puzzle

Public-private Partnerships in the New EU Member States

Managing Fiscal Risks

By: Nina Budina,Hana Polackova Brixi,Timothy Irwin

Public-private partnerships (PPPs) are popular around the world, in part because they allow governments to secure much-needed investment in public services without immediately having to raise taxes or borrow. Yet, PPPs pose a fiscal danger because a government's desire to avoid reporting immediate liabilities may blind it to future fiscal costs and risks. Although PPPs may not blemish governments' reported fiscal statements in the short term, they do create fiscal obligations. This increases fiscal vulnerability and can result in poorly-designed PPPs. The extent of the danger depends on the fiscal institutions that shape and constrain government decisions toward PPPs. Such fiscal institutions affect decisionmaking incentives. Better fiscal institutions therefore can increase the chance that PPPs will be well designed and appropriately used.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

48

Publisher

World Bank Publications

Published Date

ISBN 10

0821371541

ISBN 13

9780821371541