K. E. MÖRIC - PPP (Public Private Partnership) and ESA 2010 Allocations of risks in PPP contracts and Government deficit
The book analyses how PPP contracts may have a limited impact on the government deficit under EU law.
Under the fiscal discipline of the European Union, the government debt and the government deficit of the Member States are strictly limited. However, PPP can act as a flexible mechanism to the European fiscal discipline. Under European law (ESA 2010 - European System of Accounts 2010), the impact on the Government deficit of the total amounts paid by the government in PPP is significantly reduced (so called off balance sheet treatment of the PPP). However, in order to achieve that reduced impact on the government deficit, EU law is requiring a rigorous allocation of risks in PPP contracts.
The book presents, with a step by step approach, the details of the allocation of risks required by ESA 2010. The author comments and analyzes the guidelines and case law of Eurostat since 2004. The author is also studying ESA 2010 in comparison with the EU law on public procurement and concession. The author is finally questioning the hidden deficit related to the development of the practice of off balance sheet PPP in the EU.
The book, published in August 2018, is based on the doctoral thesis of the author, Dr. Kim Eric Möric.
