This paper considers the micro- and macro-economic benefits and costs of Public Private Partnerships (PPPs) and some implications of implementing new international accounting standards IFRIC 12. If public sector financial costs are forced to move 'on balance sheet' then there are likely to be...

This paper considers the micro- and macro-economic benefits and costs of Public Private Partnerships (PPPs) and some implications of implementing new international accounting standards IFRIC 12. If public sector financial costs are forced to move ‘on balance sheet’ then there are likely to...