THE ROLE OF PUBLIC-PRIVATE PARTNERSHIP IN THE DEVELOPMENT OF SOCIAL INFRASTRUCTURE: IMPACT ON THE FISCAL STABILITY OF REGIONS

The article examines the role of public-private partnership (PPP) in the development of social infrastructure and its impact on the budgetary sustainability of regions. The theoretical justification of PPP as a mechanism for attracting private investment for the implementation of infrastructure projects is considered, which allows reducing budget expenditures and stimulating economic activity. Through empirical analysis, the results of PPP implementation in Russian and foreign regions are presented, the main factors influencing the effectiveness of these partnerships are identified. The article also emphasizes the importance of optimal risk distribution between the state and the private sector, as well as the role of institutional conditions in ensuring the successful implementation of projects. Based on the obtained results, recommendations were developed for improving PPP mechanisms aimed at increasing budget sustainability and improving the quality of social infrastructure.