Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126927
Authors: 
Llanto, Gilberto M.
Zen, Fauziah
Year of Publication: 
2013
Series/Report no.: 
PIDS Discussion Paper Series 2013-08
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.
Subjects: 
infrastructure
subsidy
government guarantee
Philippines
public-private partnership (PPP)
concessions
fiscal space
contingent liabilities
affermage
turnkey contracts
medium-term expenditure framework
Document Type: 
Working Paper

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