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Governmental Fiscal Support for Financing Long-term Infrastructure Projects in ASEAN Countries

Author

Listed:
  • Llanto, Gilberto M.
  • Zen, Fauziah

Abstract

This paper discusses governmental fiscal support for financing long-term infrastructure projects in ASEAN countries. More specifically, it discusses the role of guarantees and subsidies in promoting public-private partnership (PPP) projects. It draws on case studies of Philippine and Indonesian PPPs, and information from secondary sources to highlight the critical role of such fiscal support in making feasible the financing of long-term infrastructure projects that may be economically beneficial but commercially or financially unviable without such support. The paper points out the need for a strong fiscal position and analyzes the implications of guarantees and subsidies on fiscal management. An important insight is the need to secure budgets for long-term infrastructure projects, which may be done through a medium-term expenditure framework. Based on the analysis of Philippine and Indonesian case studies, it provides specific recommendations to improve the implementation of PPP projects.

Suggested Citation

  • Llanto, Gilberto M. & Zen, Fauziah, 2013. "Governmental Fiscal Support for Financing Long-term Infrastructure Projects in ASEAN Countries," Discussion Papers DP 2013-08, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2013-08
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    References listed on IDEAS

    as
    1. Kuppusamy Singaravelloo, 2010. "PPP: The Right Marriage between Local Government and the Private Sector in Malaysia?," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 2(2), pages 142-166, October.
    2. R. David Gray & John Schuster, 1998. "The East Asian Financial Crisis : Fallout for Private Power Projects," World Bank Other Operational Studies 11541, The World Bank.
    3. World Bank, 2011. "Indonesia," World Bank Other Operational Studies 22421, The World Bank.
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    More about this item

    Keywords

    infrastructure; subsidy; government guarantee; Philippines; public-private partnership (PPP); concessions; fiscal space; contingent liabilities; affermage; turnkey contracts; medium-term expenditure framework;

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