Tuesday, December 30, 2014

Charges for public-private partnerships fall in 2013 – Journal News

Charges for public-private partnerships fall in 2013 – Journal News

In its analysis to the 2013 State General Account, to which Lusa had access, the Technical Unit of Budget Support (UTAO) states that “face to the verified in 2012, in 2013 there was a reduction in net costs incurred with public-private partnerships (PPP) “, EUR 99 million, which corresponds to a contraction of 9.3% year on year.

But despite the annual reduction in costs of PPP in 2013, the implementation “ presented an unfavorable global deviation when compared with the initial budget estimate, “writes UTAO.

With regard to the total net charges,” the implementation of deviation was 84.1 million (9.5%) “and this deviation “concentrated at the level of road PPP (61.9 million) and health sector PPP (24.1 million).”

With regard to road PPP, gross charges showed a higher implement budgeted at 83.8 million euros (were effectively paid 805 million, up from 721 million originally forecast), also having been higher revenues (were charged 294 million euros instead of 272 million budgeted).

With regard to health PPP, the State Budget for 2013 provided that represent charges of 377 million euros over the year, which eventually exceed EUR 24.1 million (6.4%).

Still, the burden of PPP decreased in 2013 over the previous year, a behavior that was mainly due to road PPP, whose net charges fell 24.4% in 2013 over the previous year to EUR 511 million, a nominal decrease of 165 million euros.

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