An Operational Framework for Managing Fiscal Commitments from Public-Private Partnerships

Shendy, Riham ; Martin, Helen ; Mousley, Peter

Washington, DC:World Bank

关键词: ACCOUNTABILITY;    ACCOUNTING;    ACCOUNTING STANDARDS;    ACCRUAL ACCOUNTING;    AFFORDABILITY;   

DOI  :  10.1596/978-0-8213-9868-5
RP-ID  :  75724

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The National policy on public-privatepartnerships (PPP) recently approved by the Government ofGhana (GoG) sets out the government's intention to usePPPs to improve the quality, cost-effectiveness, and timelyprovision of public infrastructure in Ghana. The PPP policyhighlights the role of the government's financialsupport to PPPs, as well as the importance of putting inplace a system to manage the associated fiscal commitments(FCs). As noted in the policy, the government'scontribution to a PPP may include remuneration to theprivate party from government budgets, which may be fixed orpartially fixed, periodic payments (annuities) andcontingent. This report proposes an operational frameworkfor managing fiscal obligations arising from PPPs in Ghana.This framework aims to ensure that PPP FCs are consistentlyidentified and assessed during PPP project preparation, andthat these assessments are fed into project approval. Thereport outlines roles and responsibilities, concepts, andprocesses for managing PPP FCs, drawing on internationalstandards and practices, bearing in mind existinginstitutions and capacities in Ghana. The report alsosuggests legislative additions and capacity building neededto establish this framework in practice. This report focusesprimarily on managing long-term FCs to PPPs, includingregular payments or contingent liabilities (CL) thattypically last throughout a project's lifetime. Thisreport is structured as follows: chapter 1 is introduction;chapter; 2 introduces the concept of FCs from PPPs: how andwhy PPPs create FCs, why managing them is important, and anoverview of what it entails; chapter 3 presentsinstitutional roles and responsibilities; chapter 4describes how FC management should be incorporated in thePPP development and approval process; chapter 5 describeshow FCs can be managed during PPP implementation bymonitoring, reporting, and budgeting adequately; and chapter6 sets out the steps needed to begin to implement this PPPframework-to build its core requirements into theforthcoming PPP Law, and to build capacity in the relevantentities to carry out those requirements in practice.