CEU Electronic Theses and Dissertations, 2010
| Author | Toth, Rita Orsolya |
|---|---|
| Title | THE ACCOUNTING TREATMENT OF PUBLIC-PRIVATE PARTNERSHIPS IN THE EUROPEAN UNION - CRITICAL ANALYSIS |
| Summary | Throughout recent years Public-Private Partnerships (PPPs) have increasingly gained popularity as an alternative mode of public infrastructure provision within and beyond the European Union. In general, governments promote the initiation of PPP-type arrangements for two main reasons: Their potential to increase economic efficiency (Value for Money) compared to traditional public procurement, and their off-balance sheet nature. While Value for Money would constitute a valid argument in favor of PPPs, they are predominantly used for their fiscal and budgetary implications. This essay investigates the questions, whether and under what circumstances PPPs can result in improved efficiency, and whether the accounting treatment of PPPs issued by Eurostat (2004) provides an appropriate framework within the context of the European Union to ensure that PPPs are used for the right reasons. As the analysis will point out, there are several critical issues which are not appropriately accounted for by the Eurostat decision. Therefore, the main challenge of policy makers and accounting professionals is to find an adequate way to overcome the existing problems. In this regard, the essay also offers some recommendations for future policy making. |
| Supervisor | Jokay, Karoly |
| Department | Public Policy MA |
| Full text | https://www.etd.ceu.edu/2010/toth_rita.pdf |
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