Public-private partnership: A new role of public sector in financing public investments
This paper analyses the reform of the traditional role of public sector, the acceptance of new public management, and the implementation of the PPP model in the public investments financing. The gap between the need to build new public infrastructure and limited budget capacities requires a new role...
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| Format: | Article |
| Language: | srp |
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University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
2019-01-01
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| Series: | Ekonomija: teorija i praksa |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2019/2217-54581902025A.pdf |
| Summary: | This paper analyses the reform of the traditional role of public sector, the acceptance of new public management, and the implementation of the PPP model in the public investments financing. The gap between the need to build new public infrastructure and limited budget capacities requires a new role of the public sector, a new approach and new strategies. In the context of fiscal constraints, Public-Private Partnership (PPP) ensures more efficient implementation of public investments - faster construction, lower costs, optimal risk allocation, more efficient management, better public service, etc. Based on the study of new public administration models, the aim of this paper is to point to the possibility of applying the Public-Private Partnership model and to identify the new role of the public sector in the provision of public services and the provision of public infrastructure. This paper presents a study on the adoption and application of the model of Public-Private Partnerships in the Republic of Serbia and the Republic of Croatia. |
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| ISSN: | 2217-5458 2620-0228 |