IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2013-08.html
   My bibliography  Save this paper

Governmental Fiscal Support for Financing Long-term Infrastructure Projects in ASEAN Countries

Author

Listed:
  • Llanto, Gilberto M.
  • Zen, Fauziah

Abstract

This paper discusses governmental fiscal support for financing long-term infrastructure projects in ASEAN countries. More specifically, it discusses the role of guarantees and subsidies in promoting public-private partnership (PPP) projects. It draws on case studies of Philippine and Indonesian PPPs, and information from secondary sources to highlight the critical role of such fiscal support in making feasible the financing of long-term infrastructure projects that may be economically beneficial but commercially or financially unviable without such support. The paper points out the need for a strong fiscal position and analyzes the implications of guarantees and subsidies on fiscal management. An important insight is the need to secure budgets for long-term infrastructure projects, which may be done through a medium-term expenditure framework. Based on the analysis of Philippine and Indonesian case studies, it provides specific recommendations to improve the implementation of PPP projects.

Suggested Citation

  • Llanto, Gilberto M. & Zen, Fauziah, 2013. "Governmental Fiscal Support for Financing Long-term Infrastructure Projects in ASEAN Countries," Discussion Papers DP 2013-08, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2013-08
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/governmental-fiscal-support-for-financing-long-term-infrastructure-projects-in-asean-countries
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kuppusamy Singaravelloo, 2010. "PPP: The Right Marriage between Local Government and the Private Sector in Malaysia?," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 2(2), pages 142-166, October.
    2. World Bank, 2011. "Indonesia," World Bank Publications - Reports 22421, The World Bank Group.
    3. R. David Gray & John Schuster, 1998. "The East Asian Financial Crisis : Fallout for Private Power Projects," World Bank Publications - Reports 11541, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tooraj Jamasb, 2002. "Reform and regulation of the electricity sectors in developing countries," Working Papers EP08, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    2. Jamasb, Tooraj, 2006. "Between the state and market: Electricity sector reform in developing countries," Utilities Policy, Elsevier, vol. 14(1), pages 14-30, March.
    3. Krystof Obidzinski & Ahmad Dermawan & Adi Hadianto, 2014. "Oil palm plantation investments in Indonesia’s forest frontiers: limited economic multipliers and uncertain benefits for local communities," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 16(6), pages 1177-1196, December.
    4. World Bank, 2013. "Minimum Wage Policy : Lessons with a Focus on the ASEAN Region," World Bank Publications - Reports 16687, The World Bank Group.
    5. repec:ilo:ilowps:482296 is not listed on IDEAS
    6. Basri, Muhammad Chatib, 2013. "A Tale of Two Crises: Indonesia’s Political Economy," Working Papers 57, JICA Research Institute.
    7. Tri Widodo & Gumilang Aryo Sahadewo & Sekar Utami Setiastuti & Maftuchatul Chaeriyah, . "Impact of Fuel Subsidy Removal on the Indonesian Economy," Chapters, in: Yanrui Wu & Xunpeng Shi & Fukunari Kimura (ed.), Energy Market Integration in East Asia: Theories, Electricity Sector and Subsidies, chapter 8, pages 173-206, Economic Research Institute for ASEAN and East Asia (ERIA).
    8. World Bank, 2012. "Protecting Poor and Vulnerable Households in Indonesia," World Bank Publications - Reports 13810, The World Bank Group.
    9. Abdelkrim Araar & Nada Choueiri & Paolo Verme, 2017. "The Quest for Subsidy Reforms in Libya," Natural Resource Management and Policy, in: Paolo Verme & Abdlekrim Araar (ed.), The Quest for Subsidy Reforms in the Middle East and North Africa Region, chapter 0, pages 119-156, Springer.
    10. repec:ilo:ilowps:468521 is not listed on IDEAS
    11. Rahmadi, Arie & Aye, Lu & Moore, Graham, 2013. "The feasibility and implications for conventional liquid fossil fuel of the Indonesian biofuel target in 2025," Energy Policy, Elsevier, vol. 61(C), pages 12-21.

    More about this item

    Keywords

    infrastructure; subsidy; government guarantee; Philippines; public-private partnership (PPP); concessions; fiscal space; contingent liabilities; affermage; turnkey contracts; medium-term expenditure framework;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2013-08. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.