Template-Type: ReDIF-Article 1.0
Author-Name: Makar I. Kudelich
Author-Email: kudelich@ya.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russia
Author-Name: Hasmik V. Khachatryan
Author-Email: hasmikkhachatryan1991@gmail.com
Author-Workplace-Name: Center for Strategic Initiatives, Yerevan 0010, Armenia
Title: Participation of Financial Bodies of Armenia in Public-Private Partnership Process
Abstract: The article is addressed to the issues of ensuring the correlation between the budgetary process and public-private partnership (PPP) in the context of its implementation in the Republic of Armenia and the formation of an appropriate regulatory and legal framework. The article contains recommendations for end-to-end participation procedure of the Armenia’s financial authorities at all PPP project stages: from preparation and justification to monitoring and evaluation of effectiveness based on the results of its implementation. The recommendations were prepared on the basis of the best international practices for financial grounding and structuring PPP projects. They are aimed at budget expenditures optimization, appropriate budgetary arrangement and provision of other resources for PPP projects, increasing the validity of proposals for financial support for various forms of public partner participation in PPP projects at the expense of state (local) budget of the Republic of Armenia.
Classification-JEL: L32, H57, H61
Keywords: public-private partnership, budget expenditures, Republic of Armenia, state obligations under PPP project, financial support, forms of participation of public partner in PPP
Journal: Finansovyj žhurnal — Financial Journal
Pages: 76-89
Issue: 4
Year: 2018
Month: August
DOI: 10.31107/2075-1990-2018-4-76-89
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2018/4/statii_4/07_fm_2018_4.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:180407:p:76-89