Template-Type: ReDIF-Article 1.0
Author-Name: Alexander D. Andryakov
Author-Email: alex@eeg.ru
Author-Workplace-Name: Economic Expert Group, Moscow 109012, Russia; Financial Research Institute, Moscow 127006, Russia
Title: International Experience and Russian Practice
Abstract: This study discusses only one aspect of the public-private partnership (PPP), namely contingent government liabilities of PPP projects. PPP is long and widely used mechanism for infrastructure development in the world. An extensive international experience and recommendations for accounting, reporting, budgeting and managing contingent government liabilities of PPP projects are available to experts and professionals. Russia has relatively recently begun to use PPP mechanism and issues of PPP contingent government liabilities have not been widely discussed in the literature. The author presents a comparison of international experience and Russian practice in dealing with PPP contingent government liabilities, which shows that all these liabilities except state guaranties on private party debt are excluded from budgetary process and management in Russia. It is only partly due to the budget accounting on cash basis adopted in Russia, because international experience presents a variety of mechanisms to overcome problems of this particular accounting system.
Classification-JEL: H54, H43, H41
Keywords: public-private partnership, contingent government liabilities, implicit government liabilities, budget accounting
Journal: Finansovyj žhurnal — Financial Journal
Pages: 59-70
Issue: 6
Year: 2018
Month: December
DOI: 10.31107/2075-1990-2018-6-59-70
File-URL: http://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2018/6/statii/fm_2018_6_05.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:180605:p:59-70