Research on fiscal control in Public-Private Partnerships of city infrastructure

摘要

Public-Private Partnerships long-term contract is not consistent with government's short-term budget. It may bring government certain fiscal risks in medium and long term. According to the results of Analytic Hierarchy Process (AHP) analysis, we found that government guarantees, project risks and future expenditure commitments government assuming are main factors of fiscal risks in PPPs. In order to control fiscal risks in PPPs effectively, we suggest reasonable PPPs selection, optimal project risks allocation, perfect PPPs supporting policies and legal system, strict supervision and comprehensive government budget and accounting system.