Innovative aspects of the implementation of public-private partnerships as a mechanism of public administration

Abstract

This article analyzes the rational qualities brought to the governance system by public-private partnerships, which are presented as an innovative mechanism in public administration. It is noted that in modern times, the use of public-private partnerships in public administration has become a necessary step and should be assessed as a response to new challenges. Sometimes, the state faces a number of financial and managerial difficulties in fulfilling its tasks related to public infrastructure and social services projects. To address these difficulties, the state engages private sector representatives in the process and accelerates the implementation of these tasks. It is this aspect that transforms public-private partnerships into an innovative mechanism.