The Public-Private Partnerships and the Fiscal Soundness of Local Governments in Korea

Artikel

This paper studies the risks associated with local finance in Korea by identifying the financial status of each local government, including the financial burdens of PPP projects, and examined governmental future burdens related to PPP projects. We reviewed all fiscal burdens associated with projects, such as, for BTL (Build-Transfer-Lease) types of projects, facility lease and operating expenses, and, for the BTO (Build-Transfer-Operate) types of projects, construction subsidies that are paid at the construction stage, MRG (Minimum Revenue Guarantee) payments and the government's share of payment. Furthermore, we compared the annual expenditures of local governments on PPP projects against their annual budgets and checked if the 2% ceiling rule could be applied.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: KDI Journal of Economic Policy ; ISSN: 2586-4130 ; Volume: 39 ; Year: 2017 ; Issue: 1 ; Pages: 41-82 ; Sejong: Korea Development Institute (KDI)

Classification and Topics

• Classification: Wirtschaft ; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock ; National Debt; Debt Management; Sovereign Debt ; State and Local Budget and Expenditures
• Subject: Public Private Partnership (PPP) ; Fiscal Burden ; 2% Ceiling Rule ; Fiscal Soundness ; Local Government

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lee, Ho jun
• Event: Veröffentlichung
• (who): Korea Development Institute (KDI)
• (where): Sejong
• (when): 2017

Further information

• DOI: doi:10.23895/kdijep.2017.39.1.41
• Handle: http://hdl.handle.net/10419/200803
• Last update: 10.03.2025, 11:45 AM CET