OECD Journal on Budgeting, Volume 2012 Issue 3

Buy back PPPs: An arbitrage opportunity

DOI:10.1787/budget-12-5k47tb293czq

As Portugal is facing strong fiscal pressure, government spending on public-private partnerships (PPPs) in the road sector has become a main budgetary constraint. In this article, we show how the financial crisis has created a unique arbitrage ...



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