@article{ART001505204},
author={Oak Dong-Suk},
title={Fiscal Accounting for PPPs in Korea},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2010},
volume={67},
pages={105-121},
doi={10.15793/kspr.2010.67..007}
TY - JOUR
AU - Oak Dong-Suk
TI - Fiscal Accounting for PPPs in Korea
JO - The Korea Spatial Planning Review
PY - 2010
VL - 67
IS - null
PB - 국토연구원
SP - 105
EP - 121
SN - 1229-8638
AB - A fiscal accounting and reporting standard has not yet been developed for PPPs In Korea. International statistical and accounting guidelines, e.g., SNA(System of National Accounts), GFSM(Manual on Government Finance Statistics), MGDD(Manual on Government Deficit and Debt), tend to allocate the ownership of the PPP assets to either the public or the private partner, depending on a determination of how risks are apportioned between the two sectors. MGDD is the most specific guidelines for a fiscal accounting for PPPs, saying a private partner will be assumed to bear the balance of PPP risk if it bears most construction/performance risk or demand risk.
This paper applies Eurostat's MGDD to Korean PPPs, analyzing PPP risks in terms of the model contracts presented by PIMAC, Korean agency responsible for enhancing fiscal productivity through efficient and transparent public and private infrastructure investment management.
KW - PPPs;Fiscal Accounting;Financial Lease;Government Accounting
DO - 10.15793/kspr.2010.67..007
ER -
Oak Dong-Suk. (2010). Fiscal Accounting for PPPs in Korea. The Korea Spatial Planning Review, 67, 105-121.
Oak Dong-Suk. 2010, "Fiscal Accounting for PPPs in Korea", The Korea Spatial Planning Review, vol.67, pp.105-121. Available from: doi:10.15793/kspr.2010.67..007
Oak Dong-Suk "Fiscal Accounting for PPPs in Korea" The Korea Spatial Planning Review 67 pp.105-121 (2010) : 105.
Oak Dong-Suk. Fiscal Accounting for PPPs in Korea. 2010; 67 105-121. Available from: doi:10.15793/kspr.2010.67..007
Oak Dong-Suk. "Fiscal Accounting for PPPs in Korea" The Korea Spatial Planning Review 67(2010) : 105-121.doi: 10.15793/kspr.2010.67..007
Oak Dong-Suk. Fiscal Accounting for PPPs in Korea. The Korea Spatial Planning Review, 67, 105-121. doi: 10.15793/kspr.2010.67..007
Oak Dong-Suk. Fiscal Accounting for PPPs in Korea. The Korea Spatial Planning Review. 2010; 67 105-121. doi: 10.15793/kspr.2010.67..007
Oak Dong-Suk. Fiscal Accounting for PPPs in Korea. 2010; 67 105-121. Available from: doi:10.15793/kspr.2010.67..007
Oak Dong-Suk. "Fiscal Accounting for PPPs in Korea" The Korea Spatial Planning Review 67(2010) : 105-121.doi: 10.15793/kspr.2010.67..007
