PUBLIC-PRIVATE PARTNERSHIPS: NATIONAL TREASURY GUIDELINES ISSUED

National Treasury has published guidelines focusing on fiscal commitments, contingent liabilities and unsolicited bid proposals in the broader context of the public-private partnership regulatory framework. This is noting the ongoing implementation of recommendations emerging from a framework review, including measures intended to ‘strengthen institutional arrangements’ and improve the risk and liability-related reporting.

According to an accompanying media statement, the guidelines are expected to improve decision-making and safeguard public finances by facilitating:

  • ‘a more rigorous and standardised fiscal risk assessment process’
  • ‘consistent and transparent reporting across institutions’, and
  • improved monitoring governance throughout the lifecycle of a project.

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