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International Experience and Russian Practice

Author

Listed:
  • Alexander D. Andryakov

    (Economic Expert Group, Moscow 109012, Russia; Financial Research Institute, Moscow 127006, Russia)

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.

Suggested Citation

  • Alexander D. Andryakov, 2018. "International Experience and Russian Practice," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 59-70, December.
    • Handle: RePEc:fru:finjrn:180605:p:59-70
    DOI: 10.31107/2075-1990-2018-6-59-70
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2014. "Russian Federation: Fiscal Transparency Evaluation," IMF Staff Country Reports 2014/134, International Monetary Fund.
    2. Katja Funke & Tim Irwin & Isabel Rial, 2013. "Budgeting and Reporting for Public-Private Partnerships," International Transport Forum Discussion Papers 2013/7, OECD Publishing.
    3. Ms. Elva Bova & Marta Ruiz-Arranz & Mr. Frederik G Toscani & H. Elif Ture, 2016. "The Fiscal Costs of Contingent Liabilities: A New Dataset," IMF Working Papers 2016/014, International Monetary Fund.
    4. Aslan,Cigdem & Duarte,David, 2014. "How do countries measure, manage, and monitor fiscal risks generated by public-private partnerships? Chile, Peru, South Africa, Turkey," Policy Research Working Paper Series 7041, The World Bank.
    5. Aliona Cebotari, 2008. "Contingent Liabilities: Issues and Practice," IMF Working Papers 2008/245, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Морозкина А. К., 2019. "Национальные Институты Развития И Бюджетные Риски: Международная И Российская Практика," Вопросы государственного и муниципального управления // Public administration issues, НИУ ВШЭ, issue 3, pages 175-192.
    2. Makar I. Kudelich, 2020. "Financial Participation of Public Partners in Public-Private Partnership," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 87-99, December.

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    More about this item

    Keywords

    public-private partnership; contingent government liabilities; implicit government liabilities; budget accounting;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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