Public-Private Partnership Agreements and Government Accounting
Authors/Creators
- 1. Researcher with Universidad La Salle. Member of the National System of Researchers Level 1, CONACyT. "Study of Fiscal, Financial and Auditing regulations, Mexico
- 2. Researcher with the UNAM Economic Research Institute. Member of the National System of Researchers Level 1, CONACyT. "Public-Finance Fiscal Policy and Tax Reform; Fiscal federalism-Intergovernmental Fiscal Relations", Mexico
Description
Recent changes in government and legal accounting legislation presuppose that government financial and budget information should provide users with transparent information and accountability. Thus, accounting standards establish the obligation of federal and state governments to prepare reliable financial and budget information in such a way as to present and disclose the items associated with government activities, particularly as regards debt acquired in connection to contractual relationships called public-private partnerships. Enforcement of this obligation is still fragile, however. No effort has yet been made to provide financial information on the matter of debt relating to such agreements, or information regarding the amounts that are allocated to public spending for such activities.