Managing PPPs for budget sustainability: The case of PPPs in Portugal, from problems to solutions

Considering that Portugal is currently suffering one of the most severe financial crises in its history, this paper examines to what extent public-private partnerships (PPPs) have contributed to Portugal’s external debt problems and evaluates how Portugal’s PPP contracts can be managed in order to contribute to the necessary solution. Although the interests of the various PPP stakeholders are acknowledged, the focus is on the government as the public partner, from a sovereign risk and taxpayer perspective. The paper shows how countries like Portugal with large PPP programmes but fragmented PPP institutions and inadequate budget practices can be exposed to greater fiscal risks, leading to the accumulation of PPP liabilities which later contribute to public sovereign debt problems.

• Record URL:
  https://aetransport.org/past-etc-papers/conference-papers-2011
• Supplemental Notes:
  • Abstract used by permission of Association for European Transport.
• Corporate Authors:

  Association for European Transport (AET)

  1 Vernon Mews, Vernon Street, West Kensington
  London W14 0RL,    
• Authors:
  • de Sousa, Mariana Abrantes
• Conference:
  • European Transport Conference 2011
  • Location: Glasgow , Scotland
  • Date: 2011-10-10 to 2011-10-12
• Publication Date: 2011

Language

• English

Media Info

• Media Type: Digital/other
• Features: References;
• Pagination: 16p
• Monograph Title: European Transport Conference 2011: Seminars

Subject/Index Terms

• TRT Terms: Budgeting; Concessions; Contract administration; Debt; Financial responsibility; Government liability; Public private partnerships; Toll roads
• Geographic Terms: Portugal
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01488092
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 25 2013 12:55PM