PUBLIC-PRIVATE PARTNERSHIP AS AN ANTI-RECESSIONAL SERVICE
Journal Title: Acta Economica - Year 2010, Vol 8, Issue 12
Abstract
Because of the budgetary limitations the Republic of Srpska is faced with, there ought to be an approach to practicing innovative management of public finances, such as public-private partnership as a non-fiscal instrument in the financing of public needs. Anti-recessional actions are pointed towards short tearm and long term activities whose goal is economical growth, infrastructural development, reaching social objectives and giving better public service to the citizens. A restricted budget cannot provide with these means, despite the reduction it pays for government administrations and material proceedings. In the aim of overcoming the differences between public resources at hand and the necessary capital for investments, the government is approaching partnership between public and private sectors more often. The model in which the public and private sectors act together and in harmony has a contract or institutional form, which offers an innovative and dinamic approach to managing risks and uncertainities that follow long-term investments. Public - private partnership is a common name for different types of partnership in the realisation of projects, defined by complex contracts. This way of including the private sector in financing, projecting, constructing and managing public sector projects is a complex process that lasts longer than the traditional. The initial expenses of preparation and planning are much greater for all involved. On the other hand, the pros offered by the lightening of the operating budget of the state and the decrease of risk to the public sector, make public - private partnership an acceptable instrument for financing projects of public value.
Authors and Affiliations
Жељана Јовичић, M. Sc.
Keywords
Related Articles
- EP ID EP43694
- DOI -
- Views 310
- Downloads 0
EFFECTS OF GLOBAL FINANCIAL CRISIS IN DEVELOPED AND EMERGING FINANCIAL MARKETS
The influence of the crisis on developed, developing and emerging market countries will come through real and financial sectors. While the transmission mechanisms through trade are straightforward, those through financia...
Determinants of the venture capital
In this paper I will briefly discuss and explain my theory and logic behind the determinants of VC financing that I consider most relevant. It is important to understand how they relate to the provision of venture financ...
CONCEPT OF THE INTEGRATIONAL MODEL OF THE MARKETING COMMUNICATING
In the modern constellation of links and relations of the environment's factors, individual instruments of the communication mix (personal trade, economic propaganda, trade promotion, publicity, public relations, etc.) c...
EURO – European and world money for 21st century
The formation of European Monetary System and introduction of euro as a common European currency have the main and even crucial role in establishing the steady integration structure of European Union. The aims of EMS...
THE CORPORATION MANAGEMENT
A corporation as an economic organization is a joint-stock company that can be created as a European company on the basis of a contract regulating foundation of at least two legal subjects as an investment of capital. It...