PPP政府前期决策阶段的财务评价体系研究

Research on Financial Evaluation System in Government's early Decision-making Stage of the PPP Project

经济可行性分析、物有所值评价以及财政承受能力论证是PPP政府前期决策阶段的三个主要环节,这些环节都离不开对PPP项目的财务评价。本文系统研究了经济可行性分析、物有所值评价以及财政承受能力论证所涉及的主要财务评价问题,并从财务角度论述了它们之间的相互关系,构建了政府在PPP项目前期决策阶段科学的财务评价体系。PPP项目经济可行性评价回答的是"项目值得不值得做",物有所值回答的是"项目怎么做更划算",财政承受能力论证回答的是"政府有没有实力做",这三个方面是需要政府逐步决策的,只有满足了经济可行性才能对进行其物有所值评价,只有满足物有所值,财政承受能力的论证才有必要。本文为我国政府作出更合理的PPP项目决策提供理论基础和政策依据。

Economic feasibility analysis,value for money evaluation and financial affordability demonstration are the three main aspects in the government’s early decision-making stage on the PPP project. These aspects are inseparable from the financial evaluation of PPP projects. This paper systematically studies the main financial evaluation issues in the economic feasibility analysis,value for money evaluation and financial affordability demonstration,discusses the relationship between them from the financial point of view,and constructs financial evaluation system in the government’s early decision-making stage of the PPP project. Economic feasibility analysis of PPP projects answers the question “Is the project attractive?”,value for money answers the question “What is the optimal delivery method?”,and financial affordability demonstration answers the question “Can government afford the project?”. Government should make decisions step by step in the order of economic feasibility analysis,value for money evaluation and financial affordability demonstration. The scientific financial evaluation system provides a theoretical basis for the Chinese government to make more reasonable PPP project decisions.