Research On Risk Control Of PPP Model From The Perspective Of Government

PPP,the government and social capital cooperation model,is a highly innovative supply of public goods and services,but at the same time,it also faces more complicated and variable risks.It is precisely because of this that the PPP model has become more popular in China but for the phenomenon of low quality.In view of the special position of the government in the PPP model,this paper proposes three types of risks that the PPP model will face from the perspective of the government: The risks caused by government actions under the PPP model include the government role positioning risk and the government credit risk,PPP model of finance Risks and government public liability implementation risks under the PPP model,in which financial risks and public liability implementation risks are ultimately borne by the government,while risks arising from government credit and government role misregistration are due to government reasons.The consequences will be shared by the social capital and the government.In short,the three types of risks are the risks of the PPP model.Failure to effectively control will hinder the promotion of the PPP model.This article examines the above three types of risks as follows: The first is the risks caused by government actions under the PPP model,namely the government role positioning risk and government credit risk.Regarding the government role positioning risk,the comparative analysis method is first used to elaborate the government role under the traditional model of public product supply and the PPP model.Then the “Bird's Nest” project case is used to illustrate the type of risk caused by the mis-positioning of the government's role;regarding government credit risk,first embedded cases is used to analyze the form of government credit risk,and then elaborates the reasons for government credit risk.The second is the financial risk under the PPP model.On the basis of defining the fiscal risk of the PPP model,using the "fiscal risk matrix" method to classify it,and then analyze the financial risk of the PPP model from both theoretical and practical aspects.The third is government public liability implementation risks under the PPP model.Firstly,the relationship between the PPP model and the government public responsibility is explained.Then the principal-agent relationship under the PPP model and its characteristics are analyzed from vertical and horizontal directions.It is found that the complex principal-agent relationship under the PPP model will hinder the development of the PPP project and therefore not conducive to the implementation of government public responsibilities,andfinally through a study of the model to provide ideas for solving the PPP model of the agency problem.At the end of the article,based on the above analysis,the PPP model risk control policy is recommended from PPP model legislation,government budget system,PPP model practice mechanism,PPP model benefit distribution,PPP model management institutions and other aspects.