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Appraising PPP Projects

412.3 Country Specific Regulation on Account Treatment of PPP Assets

Despite an international movement toward a standardization of accounting practices in governments around the world, there is still a great deal of divergence regarding accepted principles.

The impact of PPPs on accounting reports can therefore vary greatly. When neither of the two international standards are incorporated, there might be specific rules to be considered, in which case this feasibility exercise needs to be adapted accordingly.

It is also possible that no specific regulation on the accounting treatment of PPP contracts exists, and the generally accepted principles do not address PPP (or PPP-like) contracts. In this latter case, the assessment of the project’s impact on public debt for accounting purposes is unnecessary.

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