@ARTICLE{26583242_529200018_2021, 
	author = {Natalia Krasnopeeva and Alexandra Morozkina}, 
	keywords = {, PPPs, fiscal risks, implicit and contingent liabilities, BRICSmonitoring of contingent liabilities},
	title = {Contingent Liabilities of Public-Private pPartnerships (PPPs) in Russia and BRICS Countries: Assessment and Risk Mitigation Mechanisms},
	journal = {INTERNATIONAL ORGANISATIONS RESEARCH JOURNAL},
	year = {2021},
	month = {ноябрь},
	volume = {16},
	number = {4},
	pages = {},
	url = {https://iorj.hse.ru/en/2021-16-4/529200018.html},
	publisher = {},
	abstract = {This article is devoted to the assessment of the conditional liabilities of public-private partnerships (PPPs) and measures to reduce the risks associated with them. First, a quantitative assessment of the contingent liabilities of PPP projects at the federal level is carried out. Contingent liabilities for public-private partnership projects are estimated to amount to [SA1] 2.3 trillion roubles for the period 2021-52. Second, the experience of creating a system for managing the contingent liabilities of PPPs in Russia and the BRICS countries (Brazil, Russia, India, China and South Africa) is summarized. This analysis shows that each of the BRICS countries has a legislative and technical framework for managing fiscal liabilities, but does not use it to the fullest extent. Consequently, to improve functioning it is necessary to regularly update, fill in, and expand the number of available financial indicators for PPP projects. Of the BRICS countries, South Africa is characterized by the most complete and transparent system for managing PPP-related contingent liabilities, but Russia could use some of the measures implemented in other BRICS countries to improve its own system, including the creation of a guarantee fund (Brazil), a system for operational project evaluation (India) and the practice of project approval by the fiscal authority (China). [SA1]This should either be "account for" or "amount to"…as the meaning is not precisely the same in each case, the AUs should review and determine which best fits their intention},
	annote = {This article is devoted to the assessment of the conditional liabilities of public-private partnerships (PPPs) and measures to reduce the risks associated with them. First, a quantitative assessment of the contingent liabilities of PPP projects at the federal level is carried out. Contingent liabilities for public-private partnership projects are estimated to amount to [SA1] 2.3 trillion roubles for the period 2021-52. Second, the experience of creating a system for managing the contingent liabilities of PPPs in Russia and the BRICS countries (Brazil, Russia, India, China and South Africa) is summarized. This analysis shows that each of the BRICS countries has a legislative and technical framework for managing fiscal liabilities, but does not use it to the fullest extent. Consequently, to improve functioning it is necessary to regularly update, fill in, and expand the number of available financial indicators for PPP projects. Of the BRICS countries, South Africa is characterized by the most complete and transparent system for managing PPP-related contingent liabilities, but Russia could use some of the measures implemented in other BRICS countries to improve its own system, including the creation of a guarantee fund (Brazil), a system for operational project evaluation (India) and the practice of project approval by the fiscal authority (China). [SA1]This should either be "account for" or "amount to"…as the meaning is not precisely the same in each case, the AUs should review and determine which best fits their intention}
}