Demography and social economy, 2012, 1(17):165-176
doi: https://doi.org/10.15407/dse2012.01.165

PYLTIAY O.V.

Level of the economic development and the public-private partnership priorities
Section: Public-private partnership.
Language: Ukrainian
Abstract: Based on analysis of PPP’s international practice in infrastructure, proved the existence of the relationships between the level of economic development and PPP priorities. The analysis also showed that the economies of developing countries, including Ukraine, the leading priorities are PPP’s projects in economic Infrastructure. In countries that aspire to create a balanced Infrastructure in different sectors, there are several possibilities, including the financing of public investment through borrowing, increase public savings and reallocation of public expenditure from other sectors, increase ROI by improving investment planning and processes for evaluating and implementing projects and encourage investment in the private sector. Policy options that can increase public savings, depending on the particular circumstances of each country. In most cases, long-term increase in government savings and investments could be achieved only by expanding the fiscal base, more efficient tax collection, budget flexibility, rationalization of public services and social security, and strengthening public expenditure management practices for more accurate assessment of the effectiveness of public expenditure programs. It follows that countries seeking to increase investment in Infrastructure rather than public savings through the development of PPP should take measures to preserve macroeconomic stability, given that: increase the total investment should be focused primarily on the priority and highly profitable projects in those sectors, which clearly established the presence of “Infrastructure Gap”; investment in the renovation and maintenance of existing Infrastructure is usually more effective than investment in new projects; in assessing the feasibility of investing in PPP projects should take into account the likely ongoing costs of operation and maintenance in the future
Key words: Public-Private Partnerships (PPP’s), infrastructure, investment, financial policy.
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