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Средњошколски центар „Љубиша Младеновић“
In recent years, the concept of public-private partnership has become an attractive way of financing, construction, use and maintenance of the infrastructure of the public sector, as well as construction and reconstruction of industrial capacities in order to meet public needs. Long-term business cooperation between the private sector and public institutions aims at the exploitation of the management and financial resources of the private sector which represent a significant limitation in terms of the Government or the local government. The organisational structure of such a partnership represents a formal system of responsibility which defines the individual positions of entities and their mutual obligations. This leads to the distribution of responsibilities related to the provision of required resources, the allocation of risk among the subjects, and the realisation of the project intended for meeting the needs of the public sector. The paper represents the accounting recording of the agreements on public-private partnerships in public and private sectors, as well as different forms of transactions between the above mentioned sectors. Each of the PPP model in the accounting records of public and private sector is presented in a different way. Successfully selected model of the public-private partnership is the one in which the distribution of commitments, responsibilities and risks to the entity that can most effectively manage is made. Therefore, it is necessary to provide adequate supervision and regulation of contractual commitments. The government sector, which considers options to launch a public-private partnership, should consider technical, financial, economic and legal feasibility of the project in order to harmonise the interests of the Government with the interests of the private sector.
public-private partnership, public needs, the PPP model, risk, accounting records of the PPP
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