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Do Public-Private Partnerships Create Value for Money for the Public Sector? The Portuguese Experience

Authors :
Joaquim Miranda Sarmento
Source :
OECD Journal on Budgeting. 10:1-27
Publication Year :
2010
Publisher :
Organisation for Economic Co-Operation and Development (OECD), 2010.

Abstract

Over the last few decades, public-private partnerships have been increasingly used by governments around the world to finance and manage complex operations. Doubts about their efficiency have been raised, however. Criticism of public-private partnerships reflects the fact that governments tend to use them as "off-budget" operations, to avoid fiscal constraints. Do they generate "value for money" to the public sector? The literature is less than unanimous. How one assesses value for money in these types of arrangements has become extremely important for public managers.

Details

ISSN :
16812336
Volume :
10
Database :
OpenAIRE
Journal :
OECD Journal on Budgeting
Accession number :
edsair.doi...........440571e1502793e0a904fed8f08f0c2d