Application Of Value For Money In PPP Project Of Pension Industry

In the past two years,China has pushed the government and social capital cooperation(Public Private Partnership,PPP),and the PPP projects all over the country have sprung up like a spring rain,but at the same time,the government debt is increasing and the default rate is not lower.In September 2017,the Ministry of Finance set up a project reserve and project management library in the national PPP comprehensive information platform project library to standardize the operation and management of the PPP project.Although the PPP model has the advantages of financing and dispersing risk,not all areas and all projects are suitable for the PPP model,so it is necessary to study the applicability of the PPP model for the project.In the orderly opening of the public sector of the investment market opportunities,transportation,municipal and other fields are in the leading position,and the old-age field has gradually begun the attempt of cooperation between government and enterprises.China's aging is still in existence and is deepening.The supply and demand of the elderly service structure is out of order,and the pension situation is grim.One of the way out for the pension industry is to use PPP to expand the financing channels and alleviate the financial pressure of the government for the aged.Second,to adjust the supply structure of the old-age service,to better meet the diversified and multi-level needs for the aged,to stimulate the vitality of the investment of social capital and to reinvigorate the assets.On the basis of summarizing the general characteristics of the present PPP project in China,this paper uses the value evaluation system to verify the applicability of the PPP project.The research found that(1)compared with other fields,the total number of PPP projects in China is less and the investment amount is low;(2)there are obvious regional differences,some areas are in full swing and some areas are dismal;(3)the pension PPP project has a long period,the vast majority of more than 20 years,and(4)China's old-age PPP project is mainly concentrated in the medical support knot.Comprehensive pension institutions such as joint type;(5)most of the return mechanism of PPP project in China is user pay and feasibility gap subsidy,and the operation mechanism is mostly BOO and BOT mode.This paper applies case analysis method to verify the applicability of pension PPP mode by using the evaluation system of value for money.The expert scoring method of qualitative evaluation and the public sector reference standard method of quantitative evaluation have proved that the case of pension PPP project is all through value for money.Based on this,this paper proposes to improve the qualitative evaluation system and to think about the key points in quantitative evaluation.One is to select a reasonable weight assignment,two is to identify and measure the risk clearly,and the three is to do a good job of case accumulation and data accumulation,and to lay the foundation for the future development of the PPP project.