This paper studies the reasons that PPP may cause fiscal risk in provision of public services, and points out the necessity of expenditure-scale control in the application of PPP and the essence of financial affordability evaluation. Through analysis on the shortcomings in the current PPP financial affordability evaluation, it puts forward some issues such as the low reliability of China's financial affordability evaluation, lack of supervision on non-general public budgets and backward government accounting system. In addition, this paper proposals policy suggestions of enhancing the provincial-level financial department in the function at management and supervision in accordance with specific issues; of standardizing the government expenditure management; of fully establishing a comprehensive financial reporting system of accrual accounting system by government; and of advancing the legislative process, with a view to provision of reference for China’s PPP fiscal risk management.
Published in | Journal of World Economic Research (Volume 7, Issue 2) |
DOI | 10.11648/j.jwer.20180702.13 |
Page(s) | 64-72 |
Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
Copyright |
Copyright © The Author(s), 2018. Published by Science Publishing Group |
PPP, Financial Affordability Evaluation, Risk Management
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APA Style
Zhao Yu, Cao Fuguo. (2018). Research on China’s PPP Financial Affordability Evaluation. Journal of World Economic Research, 7(2), 64-72. https://doi.org/10.11648/j.jwer.20180702.13
ACS Style
Zhao Yu; Cao Fuguo. Research on China’s PPP Financial Affordability Evaluation. J. World Econ. Res. 2018, 7(2), 64-72. doi: 10.11648/j.jwer.20180702.13
AMA Style
Zhao Yu, Cao Fuguo. Research on China’s PPP Financial Affordability Evaluation. J World Econ Res. 2018;7(2):64-72. doi: 10.11648/j.jwer.20180702.13
@article{10.11648/j.jwer.20180702.13, author = {Zhao Yu and Cao Fuguo}, title = {Research on China’s PPP Financial Affordability Evaluation}, journal = {Journal of World Economic Research}, volume = {7}, number = {2}, pages = {64-72}, doi = {10.11648/j.jwer.20180702.13}, url = {https://doi.org/10.11648/j.jwer.20180702.13}, eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20180702.13}, abstract = {This paper studies the reasons that PPP may cause fiscal risk in provision of public services, and points out the necessity of expenditure-scale control in the application of PPP and the essence of financial affordability evaluation. Through analysis on the shortcomings in the current PPP financial affordability evaluation, it puts forward some issues such as the low reliability of China's financial affordability evaluation, lack of supervision on non-general public budgets and backward government accounting system. In addition, this paper proposals policy suggestions of enhancing the provincial-level financial department in the function at management and supervision in accordance with specific issues; of standardizing the government expenditure management; of fully establishing a comprehensive financial reporting system of accrual accounting system by government; and of advancing the legislative process, with a view to provision of reference for China’s PPP fiscal risk management.}, year = {2018} }
TY - JOUR T1 - Research on China’s PPP Financial Affordability Evaluation AU - Zhao Yu AU - Cao Fuguo Y1 - 2018/06/15 PY - 2018 N1 - https://doi.org/10.11648/j.jwer.20180702.13 DO - 10.11648/j.jwer.20180702.13 T2 - Journal of World Economic Research JF - Journal of World Economic Research JO - Journal of World Economic Research SP - 64 EP - 72 PB - Science Publishing Group SN - 2328-7748 UR - https://doi.org/10.11648/j.jwer.20180702.13 AB - This paper studies the reasons that PPP may cause fiscal risk in provision of public services, and points out the necessity of expenditure-scale control in the application of PPP and the essence of financial affordability evaluation. Through analysis on the shortcomings in the current PPP financial affordability evaluation, it puts forward some issues such as the low reliability of China's financial affordability evaluation, lack of supervision on non-general public budgets and backward government accounting system. In addition, this paper proposals policy suggestions of enhancing the provincial-level financial department in the function at management and supervision in accordance with specific issues; of standardizing the government expenditure management; of fully establishing a comprehensive financial reporting system of accrual accounting system by government; and of advancing the legislative process, with a view to provision of reference for China’s PPP fiscal risk management. VL - 7 IS - 2 ER -