PUBLIC-PRIVATE PARTNERSHIP IN THE SUSTAINABLE HUMAN DEVELOPMENT FINANCING SYSTEM
Authors:   State University of Trade and Economics, Ukraine, Kozarezenko Liudmyla 
Published: May 2023

The restoration and development of infrastructure directly provides the foundation for economic growth. Given the limited state financial resources and the significant scale of damage to infrastructure facilities as a result of the war in Ukraine, the authorities can involve private business and cooperate with it on the basis of partnership to perform reconstruction tasks. For entrepreneurs, partnership with the authorities means minimizing long-term business risks, receiving certain preferences at the expense of benefits, prestige and joint implementation of projects with state bodies. The purpose. To prove the need, advantages and disadvantages of using the public-private partnership mechanism for the purpose of restoring infrastructure facilities in Ukraine and study of the best practices of public-private partnership. The solution of such research problems determines. The solution of such research tasks determines the logic of the presentation of the material in the work: the systematization of achievements in the theory and practice of public-private partnership in Ukraine and the world as a tool for accelerating the practical recovery and development of national infrastructure projects. Research methodology is based on general research methods of analysis and synthesis, induction and deduction, observation and abstraction, which allow to systematize the achievements of the theory and practice of cooperation between business and the state for the purposes of economic growth. Results. The results of the study showed a lack of practical experience and understanding of the concept of investment partnership between the state and business, combined with ignorance of the mechanism of organization and management of this concept. This prevents the development of this model of cooperation between the state and business in Ukraine. We can single out the following problems, the solution of which with the help of public-private partnership is a priority, overcoming systemic infrastructural problems, increasing the efficiency of the use of public funds, reducing budget costs, strengthening the investment and innovation component of the economy, and increasing the revenue part of the budget. The attractiveness of public-private partnership for business is revealed through the provision of direct state support, the possibility of long-term placement of investments under reliable guarantees, a wide range of potential projects. Practical implications. Public-private partnership is one of the effective ways to speed up the practical implementation of national projects, for which it is necessary to expand the scope of application of the public-private partnership mechanism, strengthen the role of private investors in the development and adoption of investment decisions, determine optimal public-private partnership models, improve the protection of private investors and the state in implementation projects, determine the optimal types of support for public-private partnership projects that can be provided by state authorities and local self-government bodies, to create an effective mechanism for encouraging the development of the financial services market to support public-private partnership and the optimal project financing scheme, to legislatively regulate issues related to the implementation of national projects through an unambiguous definition of the role and place of national projects as tools for the implementation of a complex of strategically oriented measures aimed at implementation of current tasks of the country's development.