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What is the primary purpose of a Public-Private Partnership (PPP) in resource mobilisation?

ATo exclusively fund public infrastructure through government budgets.

BTo leverage private sector expertise and capital for public projects.

CTo transfer all public assets to private ownership without any government oversight.

DTo increase taxes on the private sector to fund public services.

Answer:

B. To leverage private sector expertise and capital for public projects.

Read Explanation:

  • PPP's are a collaborative approach where governments partner with private entities to pool resources, skills, and capital to deliver public services or infrastructure projects more efficiently.

Related Questions:

Which of the following statements about Mahbub ul Haq's contribution to Human Development Reports (HDRs) is false?

  1. Mahbub ul Haq fundamentally changed the focus of development economics in 1990 by moving away from national income accounting.
  2. He collaborated with Amartya Sen to advocate for Human Development Indicators (HDIs) to be used more prominently than GDP in policy framing.
  3. He brought together a group of well-known development economists to produce the Human Development Reports (HDRs).
  4. Mahbub ul Haq emphasized that development should be solely measured by economic growth and per capita income.

    What are the key characteristics of Kerala's well-developed schooling system?

    1. It is designed to address the requirements and demands of all children up to 18 years of age.
    2. The system has attained very high rates of literacy and schooling throughout the state.
    3. Its primary focus is on private schools, with limited development in the public sector.

      Which of the following statements about specific employment figures for 2023, as reported by the ILO, is false?

      1. The jobs gap rate in high-income countries was 20.5% in 2023.
      2. The unemployment rate in low-income countries was 5.7% in 2023.
      3. The global unemployment rate was 5.3% in 2023.
        The 'Kerala Model of Development' is often contrasted with economic models that prioritize:

        Which of the following statements correctly highlights the impact of migration on Kerala's labor market?

        1. Migration led to an increase in unemployment rates.
        2. It resulted in a reduction of unemployment.
        3. There was a significant surplus of construction workers in the state.
        4. It led to a shortage of construction workers.