Legal Control Of Financial Expenditure Scale In PPP Projects

The introduction of the social capital side of the PPP model has broadened the sources of capital investment for public goods and services,greatly alleviating the pressure on government fiscal expenditures and becoming the main financing tool for local governments.As an important institutional mechanism change,the PPP model has had a profound impact on China's administrative system and fiscal system.However,everything has its two sides.The PPP model itself also contains risks.Excessive use of PPP or non-standard PPP will increase the government's fiscal expenditure responsibility and become a trigger for financial risks.Due to the imperfect PPP legislation in China,the current policy issued by the Ministry of Finance is ambiguous and has loopholes.The main body of the fiscal expenditure supervision in the PPP project is not independent.The performance appraisal of the project life cycle is not in place,and the government is unreasonable.The risk of project undertakings and the violations of some projects that avoid financial argumentation have greatly weakened the effectiveness of the existing legal control of fiscal expenditure scale,hindered the healthy and sustainable development of PPP projects,and also the government financial security.Brings great hidden dangers.In the context of national economic work against risk,the financial risk of preventing PPP projects is indispensable.The primary task is to control the scale of government financial expenditures for PPP projects.This paper starts with the reasons and necessity of legal control of the scale of fiscal expenditure in the PPP model,and analyzes the current situation of legal control of the scale of fiscal expenditure in China,mainly including the basis,main body,approach and responsibility of legal control,combined with China's PPP project.The practice analyzes the problems and summarizes the reasons,and proposes to speed up the promulgation of the PPP Regulations,improve the project financial supervision body level,improve the performance appraisal mechanism of the project,accurately identify the risks of rational allocation of projects,and strengthen the law on illegal operations.Responsibility and other five suggestions for improvement,hope to play a minor role in promoting the healthy and sustainable development of China's PPP projects and preventing financial risks.