Synonyms
Control method; IPSAS; National accounts; Off-balance sheet financing; Risks and rewards method
Definition
Public-private partnership—A binding arrangement between a grantor, a public sector entity, and an operator, private or public sector entity, for the provision of an asset for providing public services by the operator on behalf of the grantor subject to the operator receiving a financial asset (financial liability of the grantor) in exchange for the service concession asset.
Concession—A binding arrangement between a grantor, a public sector entity, and an operator, private or public sector entity, for the provision of an asset for providing public services by the operator on behalf of the grantor subject to the operator receiving the right to charge the final users of the asset (deferred revenue of the grantor) in exchange for the service concession asset.
Introduction
Public infrastructure is a necessary condition for a country’s welfare and economic growth. The...
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Viana, L., Moreira, J.A., Alves, P. (2018). Accounting for Public-Private Partnerships. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-20928-9_2290
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DOI: https://doi.org/10.1007/978-3-319-20928-9_2290
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